Simone Biles is an American gymnast who has won 4 Olympic gold medals and 3 World Championships. She has become one of the most popular athletes in the world with a net worth of $6 million.
Simone Biles is a gymnast who has won four Olympic Gold Medals and three World Championships. She also won the 2016 Rio Olympics with a record-breaking score.
Getty On July 27, 2021 in Tokyo, Japan, Simone Biles of Team USA reacts during the Women’s Team Final on day four of the Tokyo 2020 Olympic Games at Ariake Gymnastics Centre.
In women’s gymnastics, Simone Biles is regarded as the GOAT, or Greatest of All Time. According to Celebrity Net Worth, the two-time Olympian has a net worth of $10 million and has established global records.
Biles made news when she announced her temporary withdrawal from the Tokyo 2021 Summer Olympics because to health concerns. She chose to return to the Olympics for the balance beam final on August 3, 2021, after frequent health tests.
“We are ecstatic to announce that two American athletes will compete in the balance beam final tomorrow – Suni Lee and Simone Biles!! I can’t wait to see both of you!” In a statement, USA Gymnastics stated.
Here’s what you should be aware of:
1. Biles’ Gymnastics Career Began With a Joke and a Daycare Field Trip
According to NBC Sports, Biles took her first steps toward gymnastics stardom on a daycare field trip in Houston, Texas in 2003. Biles’ daycare class paid a visit to Bannon’s Gymnastix when she was six years old. Her innate skill was immediately evident when she imitated gymnasts at the gym by doing a back tuck, according to NBC.
On the balancing beam, a gymnast playfully challenged her to try it again.
Biles told NBC, “So I went and rushed up on the beam.” “And she shouted at me,” says the narrator. ‘I wasn’t serious,’ she says. But I was planning on doing it.”
Gymnastic coaches took note of her and sent her a letter advising her to enroll in gymnastics, according to NBC. According to NBC, she was able to execute a back tuck on the balancing beam after just a year of instruction.
2. Shortly before she announced she will compete in the Olympics again, a deceptive ad claiming to report Biles’ net worth appeared. Finals of the Beam
A misleading ad purporting to report on Biles’ net worth emerged on Internet searches just before Biles declared she would return to participate in the Olympics for the balancing beam finals. The fraudulent internet advertising effort was exposed by Snopes.
Snopes stated, “We clicked the advertising.” “A 226-page slideshow story appeared on the Witty Reporter website as a result of it. After going through all of those pages, we found Biles’ alleged net worth on page 224: $6 million. There were no sources for this number, and it was in no way official.”
Snopes went on to explain the $6 million net worth number and discuss the misleading ad campaign’s methods. Following the Google search result, the $6 million net worth number surfaced on many websites.
According to Snopes, “the $6 million net worth number for Biles has also surfaced on other big-name websites.” “However, keep in mind that this number is unofficial. If you ask Google to display a notable person’s net worth, you may get a dollar number in big type at the top of the results. When you go to the websites that publish the number, you’ll usually see an explanation that it’s only a hypothetical estimate.”
Teammate Jade Carey, who won gold in the floor exercise on Monday, August 2, expressed her delight at Biles’ comeback to the competition.
According to the Associated Press, she remarked, “I’m very proud of her for coming back.” “She’s gone through a lot this Olympics, so I’m very proud of her for going after beam.”
3. Biles Purchased a Home in a Houston Suburb with a Pool and Walk-In Closet.
The home where I grew up is currently for sale, with many wonderful memories! Someone should go out and purchase it. Springtime in Texas https://t.co/Ho96fHqeDB
October 23, 2017 — Simone Biles (@Simone Biles)
According to Hello Magazine, Biles purchased a “ultra-modern” home in Houston, Texas in 2019. On her Instagram story, she posted pictures of her new home. According to the Daily Mail, Biles bought the house in Spring, Texas, and used his time in quarantine to renovate it.
According to the Houston Chronicle, her brother listed her childhood house in Spring for sale in October 2017 and it sold in December. It sold for between $250,001 and $285,001 on December 14, 2017, according to the publication.
At the time, she posted a listing for the home on Twitter.
“The home where I grew up is currently on the market. a lot of wonderful memories!” she penned “Someone should go out and purchase it.”
4. Biles and her siblings were in the foster care system until her grandparents adopted her.
Tevin Biles-Thomas, the brother of Olympic gymnast Simone Biles, was cleared of murder charges this week, less than a month after his case was ruled a mistrial by a Cleveland judge. https://t.co/kCoDKZC75c
June 16, 2021 — The New York Times (@nytimes)
According to The Washington Post, Biles’ mother, Shannon Biles, battled with drug and alcohol addiction, and Simone Biles and her three brothers spent time in foster care before being adopted by family members. According to NBC Sports, Simone and her sister, Adria, were adopted by their grandparents when Simone was six years old and reared in Texas.
Simone and Adria were the family’s two youngest children. Tevin and Ashley, the two eldest siblings, were adopted by their great aunt and reared in Cleveland, Ohio, according to The Post.
“Simone and her younger sister, Adria, were adopted by Ron and his wife, Nellie. The two eldest Biles children were adopted in the same year by Harriet, Ron’s sister and Simone’s great aunt, according to NBC.
5. Biles was instrumental in the establishment of a scholarship fund for foster children in the United States.
[email protected] Biles did not always see herself as the greatest gymnast of all time. She had to try four times to reach the top level in the sport. Even yet, she had no idea how far she would go. “All I wanted was a scholarship to go to college.” https://t.co/E0LKDuEsS9
— July 13, 2021, WSJ. Magazine (@WSJMag)
Biles chose to work toward a brighter future via a scholarship program for children in the United States’ foster care system around the time former USA Gymnastics Dr. Larry Nassar was convicted of sexually assaulting athletes, according to CBS News. In 2018, CBS announced that she partnered with nonprofit online school University of the People as a Global Ambassador for the curriculum.
Biles told CBS News at the time, “Once foster kids age out of the system, they frequently don’t have the chance to go to a normal institution because of all the student expenses.” “Everyone is entitled to a chance. I was given one, and I want to ensure that others get one as well.”
According to the University of the People’s website, Biles not only founded the Simone Biles Legacy Scholarship Fund, but she also enrolled as a student there.
According to University of the People, Biles stated, “I always dreamt of attending to college but chose to pursue my gymnastics goals full time, which didn’t make it feasible for me.” “I had intended to attend UCLA but had to postpone due to my training commitments. I still want to go to college, and the University of the People provides me all the flexibility I need to arrange my studies around my work schedule. I chose the University of the People because I believe in higher education and want to be able to assist people across the globe benefit from it.”
READ NEXT: Simone Biles’ Brother Tevin Biles-Thomas Had Murder Charges Dropped
Frequently Asked Questions
What are some fun facts about Simone Biles?
Simone Biles is the most decorated female gymnast in history. She has won a total of 22 medals, 18 of which are gold.
Whats Biles net worth?
Biles net worth is $4.5 million USD.
How many hours a day does Simone Biles practice?
Simone Biles practices for a total of 3 hours a day.
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