Everyone Is Rioting Online After Finding Out The Shockingly Small Sum Of Money Simone Biles Will Make For Winning Four Medals At The Olympics

Simone Biles with four medals around her neck

Simone Biles (Photo by Jamie Squire/Getty Images)
Simone Biles is set to leave France with four Olympic medals, having won three gold and one silver in this year’s competition, but she won’t be significantly richer for it.

Biles won gold in the Women’s Artistic Individual All-Around, Women’s Artistic Individual All-Around, and the Women’s Vault last week. She won silver in the Women’s Floor event on Monday.

According to Forbes, Americans at the Olympics will receive $37,500 for each gold medal won and $22,500 for silver, while bronze medalists will get $15,000. The superstar gymnast is due a total of $135,000 based on Team USA’s payout system, which is considerably less than the $750,000 signing bonus her husband, Jonathan Owens, got paid upon inking his last NFL contract.

It appears fans expected her to make a lot more, and they could be forgiven for harboring the notion given how lavishly American athletes get paid.

“The Olympics makes billions of dollars every four years, name a bigger scam, I’ll wait!” one fan raged.

“Do you know the Olympics pays athletes nothing?” another asked.

“The best athletes in the world! NOTHING!” another declared.

“I was just reading about Olympian salaries and it’s honestly disgusting that the Olympics don’t pay more,” someone else wrote.

I was just reading about olympians salaries and it’s honestly disgusting that the Olympics don’t pay more….. it seems like if you’re not winning medals you get no money. https://t.co/Nx6dVqrKFD

— ✨3993 ✨ (@auntieChrissyyy) August 1, 2024

“It’s shameful,” another comment read.

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Simone Biles Is Still Worth Millions

Despite making what many consider to be a meager sum from her exploits at the games, Simone Biles has a net worth of $25 million, per Celebritynetworth.com.

Like most Olympic athletes, Biles makes most of her money through brand endorsements and is believed to have made around $20 million between 2019 and 2021.

Forbes notes that the 27-year-old brought in $7.1 million in 2023, with $7 million coming from endorsements and the rest from gymnastics. She was the 14th highest-paid female athlete last year.

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Simone Biles may not be taking home a hefty paycheck from her Olympic achievements, but her net worth proves that she is still very much a wealthy athlete. Despite the relatively small payout from Olympic winnings, Biles boasts a net worth of $25 million, according to Celebritynetworth.com. This staggering figure is largely attributed to her lucrative brand endorsements, which have earned her an estimated $20 million between 2019 and 2021.In 2023 alone, Biles raked in $7.1 million, with the bulk of her earnings coming from sponsorship deals. She was ranked as the 14th highest-paid female athlete last year, showcasing her immense earning potential outside of competitive gymnastics. This goes to show that while the Olympics may fall short in terms of financial compensation for its athletes, top-tier performers like Biles have plenty of opportunities to secure their financial futures through endorsement deals and other income streams.Many fans were shocked to learn about the relatively modest earnings that Olympic athletes receive, especially considering the massive commercial success of the games. One fan expressed their frustration by calling the Olympics a “scam,” highlighting the stark difference between the billions generated by the event and the comparatively low payouts received by the athletes. This sentiment was echoed by others who were dismayed at the disparity between the financial rewards for Olympic success and the financial struggles that many athletes face.Despite the disappointing revelation about Olympic earnings, Simone Biles remains a shining example of success and resilience in the world of gymnastics. Her impressive net worth and endorsement deals speak to her enduring popularity and marketability as an athlete. While the financial compensation may not always match the level of dedication and sacrifice that athletes put into their craft, Biles’ story serves as a reminder that success can come in many forms – both on and off the competition floor.

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Source: Tampa Bay Times

sportnews.zululion.com

Report: Questions are surfacing about Simone Biles’ spending habits after fans learned she earned just $135,000 for winning four gold medals. Many are criticizing her, accusing Biles of splurging just to stay in the spotlight

Everyone Is Rioting Online After Finding Out The Shockingly Small Sum Of Money Simone Biles Will Make For Winning Four Medals At The Olympics

Simone Biles Is Still Worth Millions

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Everyone Is Rioting Online After Finding Out The Shockingly Small Sum Of Money Simone Biles Will Make For Winning Four Medals At The Olympics

Simone Biles Is Still Worth Millions

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