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Simone Biles, who is worth 16 million dollars, is not a big spender
Simone Biles, the GOAT of gymnastics, is one of the most decorated athletes in US sports history. She has also amassed significant riches through endorsements with numerous well-known brands.
The two-time Olympian is currently among the highest-paid female athletes.
She did, however, admit in an interview that she like to spend her money carefully.
Simone Biles’ net worth?
Kneading Dough’s third season included Biles as the show’s first guest star.
The show delves into the financial difficulties that famous athletes had throughout their early careers.
The series is an offshoot of LeBron James and Maverick Carter’s UNINTERRUPTED internet media enterprise.
Biles began training at a young age and was competing in junior national championships by the age of 13.
Her big break came during her Olympic debut in Rio, where she won four gold medals.
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Despite withdrawing from most events during the Tokyo Olympics, the gymnast won bronze in the balance beam and silver in the team event.
Naturally, she began winning prizes in competitions early on.
She recalls receiving her “first large payment” when she was about 12 years old on the show.
Biles has made a substantial fortune from partnerships with companies such as Gap-owned Athleta, GK Elite Sportswear, United Airlines, Procter & Gamble, Hershey’s, Oreo, Uber Eats, MasterClass, and Facebook Watch.
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Forbes named the seven-time Olympic medallist, who is 25 years old, the fourth highest-paid female athlete.
Her off-field earnings are anticipated to be $10 million, while her on-field earnings are estimated to be $0.1 million.
Biles has a net worth of $16 million, according to Celebrity Net Worth. In terms of money, she is much ahead of the average US athlete.
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Biles is frugal with her money
During the conversation, she discloses that she prefers to spend her money wisely.
“I have a phobia of getting broke,” she said, expounding on the subject.
She likes to be frugal with her money and intends to use it wisely.
During the interview, she also stated that she makes every effort to live her days without spending any money.
“And then, of course, my gas light comes on, so I have to go buy gas,” she hastily corrects herself.
Simone Biles and Jonathan Owens on Valentine’s Day 2022, when Owens proposed to Biles.
Biles also acknowledged trying to go a few days without spending money.
“I never really swipe the [credit] card,” she says, save from obtaining necessities and the occasional Subway excursion.
“I will only indulge if I earned it,” she adds.
Since her engagement to Jonathan Owens, Biles has been making headlines.
While the pair are getting married shortly, how cost-effective the athlete will be during their wedding is an issue for another day.
