Simone Byers net worth
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What is Simone Byers’ net worth?
Simone Biles is an American rhythmic gymnast with a net worth of US$16 million. Simone is the most accomplished American gymnast of all time. She has won a total of 32 medals (Olympic and World Championship medals). Simone is one of the most decorated gymnasts in the history of the world. Many people think that Simone Byers is the greatest gymnast of all time.
Some of her most famous achievements occurred during the 2016 Summer Olympics. In those games, she participated as a member of the American team known as the “Top Five”. In these competitions, Simone won individual gold medals in flooring, vaulting and all-around events. As a member of the US team, she won a bronze medal on the balance beam and another gold medal.
Unfortunately, Simone performed poorly at the 2020 Tokyo Summer Olympics, held in 2021 after the COVID delay, won a bronze medal on the balance beam, and won a silver medal with the team. After a “twist” (ie, the gymnast temporarily lost her awareness of air balance), she partially withdrew from the competition.
Before the 2020 game (before and after the postponement), Simeone could easily become the best-selling American athlete in the endorsement market. In the next few years, she earned approximately $20 million in income from various transactions, which will continue into the future. These transactions will be detailed later in this article.
early life
Simone Arianne Biles was born on March 14, 1997 in Columbus, Ohio. Simone and her three siblings went in and out of foster care as she was growing up. In 2000, her grandmother began to play an active role in her growth, during which time Byers grew up in the suburbs of Houston, Texas. Growing up in a Catholic family, Simone maintained a deep connection with Belize as her mother was born in Belize. To this day, she is still a citizen of Belize.
At a very young age, Simone was destined to pursue a career as a professional gymnast. Subsequently, she was suspended from school and accepted the rest of her secondary education at home. This increased her training volume by more than 33%, and before she went to university, Simone participated in the Olympics at the highest level.
Profession
Byers started her gymnastics career very early, and when she was 8 years old, she trained with coaches such as Aimee Boorman. At the age of 14, she participated in the American Classic in Houston. She won the third place. In 2012, she won first place in the American Classic in Huntsville. That year, she was selected for the U.S. Youth National Team. In 2013, she made her international debut in the America’s Cup, then participated in the Jesolo City Cup and helped the US team win the gold medal.
The poor performance of the American Classic in 2013 prompted Márta Károlyi to invite Simone to a private training camp, and the young gymnast also began to work with a sports psychologist. Better results followed, and Simeone was subsequently selected to the World Championship team. Another obvious performance at the 2013 Rhythmic Gymnastics Championships helped her win first place again. By then, the 16-year-old girl had proven to be an incredible genius, and her performance surpassed more experienced international gymnasts.
Things started to slow down in 2014 due to a shoulder injury, but Byers rebounded in the American Classic in Chicago and won the game by a larger margin. She has participated in the World Rhythmic Gymnastics Championships and helped the United States win the championship and gold medal again. In 2015, she won first place at the AT&T America Cup in Arlington, Texas. This performance helped her be nominated for the James E. Sullivan Award. More victories came from the Jesolo City Trophy, the American Classic and the American National Championship.
Together with other high-profile American gymnasts, Byers represented the United States in the 2014 World Rhythmic Gymnastics Championships in Glasgow, Scotland, winning the competition for the third consecutive time. So far, she has won a total of 14 World Championship medals. In 2016, continuing to achieve a series of strong results, Byers was inevitably selected to represent the United States in the Summer Olympics held in Brazil that year.
Simone helped the U.S. team win first place in the 2016 Olympics. She also qualified for the best gymnast in four of the five individual finals. She soon won her first Olympic gold medal in the team event, and then she won the gold medal in the individual all-around event. She also won a bronze medal in the balance beam final and another gold medal in the women’s floor exercise final, winning a total of four Olympic gold medals. After a short break in the competition, she continued her gymnastics career with upgraded routines from 2018.
endorsement
Over the years, Simone Biles has supplemented her gymnastics income through a series of brand endorsements. Before the 2016 Olympics, she appeared in Tide advertisements with some other gymnasts.
In 2015, she signed an exclusive long-term agreement with Nike. In the same year, she also signed a contract with GK Elite Sportswear to produce a series of Simone Biles tights.
In August 2016, Simone and her “top five” teammates appeared on the cover of the special edition Wheaties box.
After his success at the 2016 Olympics, Simeone signed lucrative endorsement contracts with the following brands, to name a few:
- United Airlines
- Hershey
- Procter & Gamble
- Mattress Company
- Spieth America
- Dray Beat
- athlete
- visa
- Oreo
- Uber Eats
- Master’s Course
- Facebook Watch
Before and during the 2020 Olympics, Simeone was the Olympic athlete with the highest endorsement income. From 2019 to 2021, she earned at least $20 million from endorsements.
In April 2021, three months before the 2020 Olympics, Simone famously announced that she had given up Nike and signed with Athleta. The deal included Athleta’s promise to arrange a nationwide exhibition for Simone after the Olympics, in direct competition with similar exhibitions traditionally organized by the American Gymnastics Association. Simone and Athleta will also produce a series of sportswear.
According to reports, Simeone left Nike because she no longer felt that the company was in line with her values. Specifically, she worries about the record of scandals, employee complaints and other controversies that Nike has plagued the dominant sportswear company in recent years.
(Photo by Alex Livsey/Getty Images)
relation
In 2017, Biles began to build a relationship with Stacey Ervin Jr., who is also a gymnast. After three years of dating, the two slipped and fell in 2020. That year, Simone announced that she had started dating professional football player Jonathan Owens.
Larry Nassar
In 2018, Simeone, along with many other current and past Olympians, accused the American gymnast Larry Nassar of sexual assault. Like many of her teammates, she claimed that the US Gymnastics team played a direct role in allowing the abuse to continue for a long time, and she also accused the organization of trying to cover it up. She decided not to participate in the trial of Naxal in 2018 because she was not emotionally ready to face her abuser.
real estate
In 2020, Byers announced on social media that she had purchased a new house and posted several photos of her new house. Details about her new residence have not been released, although it is clearly spacious and luxurious, and the picture shows the tiled floor and other details. Despite her reputation for frugality, Simone seems willing to splurge on real estate—a wise investment. As early as 2017, Byers announced that she would sell her childhood home in Houston, Texas. The residence entered the real estate market at a price of $289,000 and has a total area of 3,711 square feet.
