Simone Biles Salary Overview
Simone Biles salary in 2024 includes competition winnings, appearance fees, and long-term endorsement income. Her total reported annual earnings place her among the highest-paid athletes in the United States. Forbes and other outlets estimate her combined income from gymnastics and business activities at tens of millions of dollars per year.
Most of her salary comes from brand partnerships with companies in apparel, fitness, and consumer products. She has signed multi-year deals with major sponsors that pay base fees plus performance bonuses tied to media coverage and competition results. Her prize money from World Championships and Olympic events adds a smaller but significant portion to her overall compensation.
Sources of Simone Biles Income
Endorsement Deals
Simone Biles salary from endorsements includes partnerships with brands such as Athleta, Visa, and United Airlines. These contracts typically span multiple years and include compensation for social media posts, commercials, and public appearances. Her marketability is supported by her record-breaking medal count and global recognition in gymnastics.
Competition Winnings
Simone Biles prize money from the International Gymnastics Federation and USA Gymnastics contributes to her salary. Major events like the World Championships and Olympic Games award payouts to medalists, and Biles has earned substantial sums from her victories. These winnings are separate from her endorsement income and are reported as part of her total annual earnings.
Net Worth and Financial Profile
Estimated Net Worth
Simone Biles net worth is estimated in the tens of millions of dollars, with salary and endorsement income forming the core of her wealth. Public financial reports and athlete rankings consistently place her among the top earners in women's sports. Her financial profile reflects a combination of competition prizes, sponsorship revenue, and long-term investment activity.
Investment and Business Activity
Simone Biles has expanded her income through business ventures and investment choices linked to sports and wellness brands. She participates in partnerships that align with her public platform and personal fitness goals. These activities add to her overall compensation and support her financial position beyond her base salary from competitions and sponsorships.