Simone Biles is among the highest-paid women in sports — here's how the Olympic gymnastics icon makes and spends her money

Meredith CashDec 24, 2022, 19:01 IST

Simone Biles smiles after her balance beam routine at the Tokyo Olympics.JEFF PACHOUD/AFP via Getty Images

American gymnastics superstar Simone Biles is widely considered to be the greatest athlete ever to compete in her sport, and she's setting records outside of the gym, too; the Spring, Texas, native is the only gymnast to rank among the highest-paid women athletes in more than a decade, per Forbes.
The seven-time Olympic medalist and 25-time medalist at World Championships has earned six figures from her abundance of shiny hardware, but the vast majority of Biles' wealth comes from her wide array of sponsorships.
The 25-year-old has splurged on real estate, luxury vacations, clothing, and spoiling her French Bulldogs, Lilo and Rambo.

Simone Biles is widely considered the greatest gymnast of all time.

Simone Biles.Gregory Bull/AP

Many argue that she's the greatest athlete alive today.

Simone Biles.Danielle Parhizkaran-USA TODAY Network

She can pull off gravity-defying stunts that other elite gymnasts wouldn't dare to attempt.

Simone Biles performs a mind-bending triple-double during her gold medal-winning floor routine Sunday.Kyodo News via Getty Images

And with seven total Olympic medals and 19 World Championship golds to her name, Biles undoubtedly has a legitimate claim to the "GOAT" title.

REUTERS/Wolfgang Rattay

Unsurprisingly, her unparalleled success in the gym has resulted in significant financial gain.

Simone Biles at the MTV Video Music Awards on September 12, 2021.ANGELA WEISS/AFP via Getty Images

She's made six figures from Olympic medal bonuses alone.

Gold medalist Simone Biles of the United States poses for photographs after the medal ceremony for the Women's Individual All Around on Day 6 of the 2016 Rio Olympics at Rio Olympic Arena on August 11, 2016 in Rio de Janeiro, Brazil.Alex Livesey/Getty Images

At the 2016 Olympics in Rio, Biles earned five medals: four golds and a bronze.

Simone Biles competes on the beam during the 2016 Rio Olympics.Dylan Martinez/Reuters

She earned $25,000 for each gold medal and another $10,000 for the bronze.

REUTERS/Mike Blake

And five years later, at the postponed 2020 games in Tokyo, she took home another $37,500 for winning silver and bronze medals.

Simone Biles.AP Photo/Ashley Landis

That makes $147,500 total across both Olympic Games, for those counting.

AP Photo/Tony Gutierrez

But those medal bonuses are just a fraction of Biles' total earnings.

Simone Biles performs on the balance beam.Danielle Parhizkaran-USA TODAY Sports

The 25-year-old earns the vast majority of her money through endorsement deals, like this campaign with Uber Eats.

Uber Eats

She's worked with brands like Beats by Dre, Core Power Fitness Shakes, Hershey's, MasterClass, Mattress Firm, United Airlines, Visa, Subway, and more.

Biles has her own line of leotards with GK Elite.

And she ditched Nike to become one of the faces of Athleta, the athleisure brand that's a GAP subsidiary.

Business Wire

Plus, after the Tokyo Olympics, Biles headlined a cross-country "Gold Over America Tour" that grossed $19.3 million.

Katharine Lotze/Getty Images

Altogether, Biles' earnings have made her one of the highest-paid women in sports.

GETTY

Forbes estimates that she made $10.1 million over 2021.

Simone Biles prepares for her routine in the Tokyo Olympics balance beam final.REUTERS/Mike Blake

Coming in at fourth among female athletes on the outlet's annual rankings, Biles became the first gymnast on the highest-paid list in well over a decade.

AP Photo/Dmitri Lovetsky

And even though she's publicly admitted that she's frugal out of "fear of going broke," Biles has used some of that money to treat herself and those around her.

REUTERS/Raquel Cunha

One of her biggest purchases was a house of her own in her hometown of Spring, Texas.

Biles reportedly spent around $750,000 for the four-bedroom, three-and-a-half-bathroom property.

And she drives an array of luxury cars, like this Range Rover.

She also has an Evoque convertible from the same brand that retailed for north of $50,000.

And her matte black Mercedes G-Wagon retails for more than $175,000.

When she's not busy training or competing, Biles spends time spoiling her French Bulldogs: Lilo and Rambo.

They often sport luxury clothing and accessories in their Instagram posts.

Biles also enjoys vacationing during her time off.

She appears to enjoy flying private.

And sometimes she takes off on a helicopter.

Her Instagram features a collection of photos from various tropical locations.

It appears the Caribbean is her happy place.

But in recent years, she's had a big incentive to stay close to home in Texas.

Simone Biles at a Houston Texans game.AP Photo/Eric Christian Smith

Her fiancé, Jonathan Owens, is a safety for the Houston Texans.

Troy Taormina-USA TODAY Sports

And she's his biggest supporter.

Even when the Texans hit the road, there's a good chance Biles has traveled to watch her soon-to-be husband play.

Biles and Owens got engaged in February 2022.

And her ring may have cost as much as $100,000.

The pair plan to tie the knot at some point in 2023.

Now check out the story of how their love came to be:

Carmen Mandato/Getty Images

EPL clubs have been visiting hospices, donating food, and auctioning memorabilia for charity this Christmas

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Simone Biles is among the highest-paid women in sports &mdash; here's how the Olympic gymnastics icon makes and spends her money