Fans want to know how much Simone Biles, the most decorated gymnast in history, made from the 2024 Olympics in Paris. In addition to medals, she also receives money from sponsorships, endorsements, and prize money. Let us examine her earnings and overall net worth.
2024 Olympics prize money Simone biles
The Olympics do not compensate athletes directly for victory, in contrast to professional leagues. Nonetheless, medalists are rewarded by the U.S. Olympic & Paralympic Committee (USOPC):
- $37,500 for the gold medal
- $22,500 for the silver medal
- Medal for bronze: $15,000.
Biles earned $97,500 from USOPC bonuses alone after winning two gold and one silver medal in Paris 2024.
Sponsorships & Endorsements Simone Biles
Brand partnerships provide for the majority of Biles’ revenue. In 2024, important sponsors include:
- Nike (million-dollar lifetime deal)
- Athleta (exclusive clothing collaboration)
- Kim Kardashian’s shapewear company, SKIMS
- Brain (advocate for mental health)
According to experts, she earned between $5 million and $10 million+ in 2024 just from endorsements.
Net Worth in 2024 : Simone Biles
Biles’ 2024 net worth is projected to be $20 million when Olympic bonuses, endorsements, and appearances are taken into account. Her sources of fortune are:
- Career earnings in gymnastics
- Sponsorship agreements
- Documentaries and TV appearances
What Is the Difference Between Simone Biles and Other Olympians?
Although Biles earns more than most gymnasts, she is not as wealthy as superstars like Michael Phelps ($100 million). But after the 2024 Olympians
Concluding remarks
Even though Simone Biles earned less than $100,000 from gold at the 2024 Olympics, her true source of money is sponsorships and celebrity. Her prowess in gymnastics and marketability are reflected in her 2024 net worth.