Net Worth Revealed: Simone Biles' estimated net worth is $16 million, thanks to her gymnastics success and brand endorsements.
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Earnings from Endorsements: Major brands like Nike, Athleta, Uber Eats, and Visa have contributed more than 70% of her wealth.
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Athleta vs. Nike: Switching from Nike to Athleta in 2021 was a game-changer, as she chose a brand aligned with her values, boosting her influence and earnings.
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Prize Money: Despite winning 25 World Championship medals, the prize money from gymnastics forms a small fraction of her fortune.
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Non-Gymnast Income: Simone earns heavily through her memoir, "Courage to Soar," which became a New York Times bestseller.
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Social Media Powerhouse: With over 6 million followers, Simone reportedly earns up to $50,000 per sponsored Instagram post.
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Real Estate Investments: She owns a luxurious Texas home valued at over $2 million.
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Her Gymnastics Academy: Simone co-owns the World Champions Centre, a state-of-the-art gym in Spring, Texas, which generates significant revenue.
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Documentary Deals: Her documentary "Simone vs. Herself" brought her additional earnings and increased global visibility.
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Olympic Gold Bonuses: Each gold medal from the Olympics earned her a $37,500 bonus from Team USA.
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Philanthropic Efforts: She uses her wealth to support foster care initiatives, reflecting her personal journey as a foster child.
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Luxury Cars: Simone has a collection of high-end cars, including a Range Rover and a Mercedes-Benz G-Class.
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