Simone Biles Net Worth, Early Life and Roots in Gymnastics

Simone Arianne Biles, born on March 14, 1997, in Columbus, Ohio, rose from a challenging upbringing to become one of the greatest gymnasts of all time. Growing up in foster care with her three siblings, Biles’ life took a positive turn when her grandmother began to raise her in the suburbs of Houston, Texas. This environment, coupled with her strong Catholic faith and Belizean heritage, provided her with stability and a sense of identity.

Biles’ exceptional talent in gymnastics became apparent at a young age. To support her training, she was homeschooled from secondary school onward, allowing her to dedicate over 33% more time to gymnastics. By the age of 8, Biles was training with renowned coaches like Aimee Boorman. Her early career saw her competing and excelling in various national and international competitions, setting the stage for her future successes.

Rise to International Fame

Simone Biles made her mark on the international stage at the age of 16, debuting at the American Cup in 2013. Despite a shaky performance at the 2013 US Classic, Biles rebounded with remarkable determination. Her invitation to a private camp by Márta Károlyi and subsequent collaboration with a sports psychologist led to significant improvements in her performance.

Her efforts culminated in a stellar showing at the 2013 World Championships, where she clinched her first World Championship title. This victory marked the beginning of a prolific career filled with numerous accolades. Biles’ journey continued with dominant performances in the US Classic, AT&T American Cup, and the City of Jesolo Trophy, further solidifying her status as an exceptional gymnast.

Olympic Glory and Continued Dominance

Biles’ achievements at the 2016 Rio Olympics were nothing short of historic. Competing as part of the US team, the “Final Five,” she won four gold medals in the individual all-around, floor, vault, and team events, and a bronze on the balance beam. These victories established her as the most decorated American gymnast in history, with a total of 32 Olympic and World Championship medals to her name.

Despite facing challenges at the 2020 Tokyo Olympics, Biles’ resilience was evident. Struggling with “the twisties,” a condition where gymnasts lose their spatial awareness, she withdrew from several events. Nevertheless, she secured a bronze medal on the balance beam and a silver with the US team, demonstrating her unwavering spirit.

Endorsements and Business Ventures

Simone Biles has not only made a name for herself in gymnastics but also in the world of endorsements. Leading up to the 2016 Olympics, she appeared in a Tide commercial and signed lucrative deals with brands like Nike and GK Elite Sportswear. Her success at the Rio Games propelled her into further fame, landing her endorsements with United Airlines, The Hershey Company, Procter & Gamble, and many more.

In 2021, Biles made headlines by switching from Nike to Athleta, citing a better alignment with her values. This move included a commitment from Athleta to organize a national exhibition for her, competing directly with a similar event traditionally held by U.S.A. Gymnastics. This partnership also led to the launch of a line of activewear by Biles and Athleta.

Personal Life and Advocacy

Simone Biles’ personal life has seen its share of highs and lows. In 2017, she began a relationship with gymnast Stacey Ervin Jr., which ended in 2020. That same year, she started dating professional football player Jonathan Owens. The couple got engaged in February 2022 and married in April 2023.

Biles has also been a vocal advocate for survivors of sexual abuse. In 2018, she joined other Olympians in accusing USA Gymnastics physician Larry Nassar of sexual assault, criticizing the organization for its role in allowing the abuse to continue. Her courageous stance has inspired many and brought significant attention to the need for systemic changes within the sport.

Real Estate Investments

Simone Biles’ financial acumen extends to her real estate investments. In 2020, she purchased a spacious and luxurious new home, showcasing her willingness to invest in valuable properties. Despite her frugality, this purchase highlighted her understanding of real estate as a sound investment. In 2023, she and her husband, Jonathan Owens, announced the construction of a new home, marking another milestone in their life together.

Previously, in 2017, Biles sold her childhood home in Houston, Texas. The residence, which spanned 3,711 square feet, was listed for $289,000 and sold for between $250,001 and $285,000. These transactions reflect Biles’ prudent approach to managing her finances and securing her future.


Simone Biles’ journey from a challenging childhood to becoming the most decorated American gymnast is a testament to her incredible talent, resilience, and determination. Her numerous achievements in gymnastics, coupled with her successful endorsement deals and wise financial investments, have solidified her status as an iconic figure in sports. As she continues to inspire and advocate for positive change, Biles’ legacy will undoubtedly endure for generations to come.

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