This is how much he earns before the Olympic Games in Paris

Top line

American gymnast Simone Biles, who is aiming to win the all-around gold medal at the Paris Olympics on Thursday and continue her reign as the greatest gymnast of all time, is earning millions of dollars through various sponsors, including Visa, gymnastics apparel company GK Elite and sportswear company Athleta.

Simone Biles is estimated to have earned $7.1 million last year, mostly from endorsements. (Photo: Lionel … (+) BONAVENTURE / AFP) (Photo: LIONEL BONAVENTURE/AFP via Getty Images)

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Key facts

According to Forbes estimates, Biles earned $7.1 million in 2023, with about $7 million coming from endorsements and the rest directly from gymnastics, making her the 16th highest-paid female athlete in the world that year.

She has worked with numerous brands including United Airlines, Visa, gymnastics brand GK Elite and hair care brand K18.

Biles had long been sponsored by Nike, but in 2021 she changed strategy and partnered with sportswear brand Athleta after Nike employees accused the company of creating a toxic environment for women. Nike returned as a sponsor of USA Gymnastics in 2023.

Can Biles win more money in Paris?

Biles could earn thousands at the Olympics just for his medals. The U.S. Olympic and Paralympic Committee awards $37,500 to gold medalists, while silver medalists earn $22,500 and bronze medalists win $15,000.

Peg’s News

Biles will compete for the Olympic all-around gold medal, a title she first won in 2016, on Thursday at 12:15 p.m. ET. She is the favorite to win again but could face stiff competition from Brazilian gymnast Rebecca Andrade.

Big number

38. That’s how many medals Biles has won combined at the Olympics and World Championships, the most of any gymnast. That includes her most recent medal, a team gold in Paris, and she is a candidate to win four more medals this week. This week’s team gold broke Biles’ tie with American gymnast Shannon Miller, making her the most decorated American gymnast in Olympic history, with eight Olympic medals overall.

What to look for

Biles also qualified for the vault, beam and freestyle finals later this week. She is a medal candidate in all three events: she qualified with the highest scores in vault and freestyle, and in the qualifying round, she had the second-highest score in the beam.