This is how much US star gymnast Simone Biles makes for winning each Olympic medal, all you need to know
How much is Simone Biles' net worth?
Even after choosing to withdraw from the 2020 Tokyo Olympics due to an injury midway into the Olympics, she still managed to make a superb comeback in the ongoing Olympics. Meanwhile, there is a massive interest of her fans in known Simone Biles' net worth, and how much she makes for winning these medals and recognitions in international championships.
Also Read :Until Dawn Movie: All you may want to know about release date, cast and plot
It turns out, according to reports, that her medal wins do not earn her that significant sum of money, but it is something entirely different that makes her net worth so inflated. Primarily, she relies on heavy sponsorship and endorsement deals that keeps her bank account flush with money. She made a whopping $7.1 million in 2023 alone, according to a report by Forbes.
Does Simone Biles' medals bring her money?
Simone Biles' earnings from gold medals and other recognitions from championships, could only make her $100,000 in the previous year and the remaining amount of money, amounting to millions, was amassed through cash-rich sponsorship deals, and endorsements by leading brands in the world. Therefore, it is not exactly medals, that make her one of the richest gymnasts across the United States, claim reports. Even for each medal at the Paris Olympics, she will be making only $37,500, which is the handout given by the Olympics body of the United States for gold medal achievers.
Also Read: Rounders 2: Is a sequel in the works? Matt Damon
