- Gabby Douglas, 29, made a name for herself when she was 16 after a spectacular performance at the London 2012 Summer Olympics, winning gold medals in the process
- As a result of her success in London, she attracted endorsement and sponsorship deals from several brands including P&G and Kellogg’s Corn Flakes in 2012, which reflected in her net worth of $4 million
- Even though it is not yet clear whether is officially retired, Gabby has her eyes on other endeavors from writing, singing and acting
Gabby Douglas is an American artistic gymnast and a 3-time Olympic gold medalist. She first won 2 gold medals at the 2012 London Summer Olympics in the team and individual all-around events. Subsequently, she won her 3rd at the Rio 2016 Summer Olympics.
Her outstanding records on the Olympic stage speak volumes about her personality and how she is passionate about gymnastics. Firstly, she is the first woman of color and the first African-American gymnast to become the Individual all-around champion in Olympics history. Additionally, Gabby is the first American gymnast to win gold in both team and individual all-around events in a single Olympic tournament.
What she has achieved in gymnastics and other endeavors is reflected in her finances. As of 2022, Gabby Douglas has an estimated net worth of $4 million.
Brief Biography And Career Highlights Of Gabby Douglas
The youngest child of Timothy Douglas and Natalie Douglas was born in Newport News, Virginia on 31st December 1995. She has three older siblings; two sisters, Arielle Hawkins, and Joyelle Douglas, and one brother, Johnathan Douglas.
While growing up, she learned about gymnastics from her older sister, Arielle who was a former gymnast and competitive cheerleader. She first started mastering the art of the game by doing one armed cartwheel.
Despite having an early dream and passion for gymnastics, it took some time for her to start formal training because her mother didn’t buy the idea. Arielle convinced their mother to allow her little sister to train at a local gym.
After undergoing her formal training, it didn’t much time before she started showing what she was made of. She announced herself when she was crowned the 2004 Gymnastics State Champion.
To chase her dream and build her career, she left her home and family behind at the age of 14 for Des Moines, Iowa. Although, she almost relinquish the dream because she missed her home and family. She fought the temptation after receiving encouragement from her mother.
Just two years after leaving home, the 29 year-old won two gold medals at the 2012 London Summer Olympics. She was just 16 at the time. Four years later, she got her third gold medal at the 2016 Rio Summer Olympics. Besides, she won several gold medals and a silver at different other international and regional events such as the World Championships in Tokyo and Glasgow, Pacific Rim Championships, and the Pan American Championships.
She is an ardent lover of God and believes that God gives people talents, and He is the reason for her success. \
Also See-Sean O’Malley Net Worth- Career, Salary, Records, Unknown Facts
The 3-Time Olympic Gold Medalist Earned Decently From Her Gymnastics Career And Endorsements
According to multiple sources, Gabby Douglas net worth is approximately $4 million. She amassed her fortune as a professional gymnast and also through sponsorship and endorsement deals with brands.
The United States government through the US Olympic Committee pays athletes for bringing silverware home. In 2012, gold medals winners received $25,000, silver $15,000 an bronze $10,000.
Based on the above, it is obvious that Gabby earned about $50,000 for winning two gold medals in the London 2012 Olympics. Fours year later, she earned $25,000 for winning another gold medal in Rio 2016. She could have had the opportunity to win more silverware and earn more cash, but she didn’t part in the US Olympic team trials for Tokyo 2020.
Apart from what the Virginia native made from gymnastics, she pocketed a sizable portion of her wealth from endorsement deals. She signed her first with P&G on 23rd July 2012. Part of the deal saw her being featured in the brand’s “Raising an Olympian” campaign.
At that time, there were so many projections from industry experts on how much she would take to the bank from endorsements that would come to her as a result of her successes in London 2012. Many projected that Gabby can earn from $2 million to $10 million in four years.
Moreover, she signed another with Kellogg’s Corn Flakes. It was speculated that the deal would help attract more endorsements from other companies for the gymnast. She also had deals with other brands such as Nike, Gillette, Mattress Firm, and Smoothie King.
5 Quick Facts About Gabby Douglas
- At 14, she released her autobiography in December 2012 titled Grace, Gold, And Glory: My Leap Of Faith, and released another in 2013 titled Raising The Bar.
- Gabby’s personal reality show Douglas Family Gold premiered in May 2016 on the Oxygen channel.
- In 2014, The Gabby Douglas Story, a biopic piece about her life story was produced.
- The gymnastic equipment she used at the London 2012 Olympics is placed at the National Museum of African American History and Culture
- She won the 2020 season of The Masked Singer spin-off The Masked Dancer as “Cotton Candy.
Discussion about this post