Simone Biles is *the* most decorated gymnast literally of all time, which means she has a lot of gold medals under her belt. But with all those gold medals must come unimaginable levels of wealth, amirite or amirite? Since leaping into our hearts at the 2016 Rio Olympic Games, Simone has been booked and busy getting that coin. And to no one’s surprise, she’s incredibly rich as a result.
Like, in 2022 alone, the celeb made Forbes’s list of highest-paid female athletes, coming in at number 10, which is truly such an iconic feat. So if you, my friend, are just d-y-i-n-g to know the inner workings of Simone’s bank account (aren’t we ALL), read on to know what a gymnast of her caliber can expect to make per year. You’re welcome!
Let’s discuss the Olympics
Not to make you feel totally inadequate or anything, but Simone took home a whopping five medals — four gold, one bronze — at the 2016 Rio Olympics and has already earned another two gold medals at the 2024 Paris Olympics. (Meanwhile, I can barely get off the couch.) It takes a lot to represent America in the Olympics, and Simone surely isn’t doing that for $free.99!
According to CNBC, U.S. Olympians “earn $37,500 for each gold medal they win this year, $22,500 for each silver, and $15,000 for each bronze. In team sports, each team member splits the pot evenly.” Mind you, these are the numbers for 2018 — CNBC said the figures increased by 50 percent from the 2016 Olympic Games. This means Simone racked up about $82,500 to $100,000 for her winning streak in Rio and is bound to get even more this time around…like, at least $165,000 more!
Did someone say endorsements?
When you’re as talented as Simone Biles (a girl can dream), companies will naturally want to slap your face on everything to help sell products — and can you blame ’em? According to a 2021 Forbes estimate, the decorated athlete earns at least (!!!) $5 million annually in endorsements, so let’s get into the deets, shall we? In April 2021, Simone left her Nike deal to work with Athleta, where she worked on designing products and capsule collections.
In addition to working with Athleta, Simone also has endorsements with SK-II, Hershey’s, UberEats, Visa, United Airlines, MasterClass, Candid Dental, Kellogg’s, Mattress Firm, and Beats by Dre. The more, the merrier!