Gabby Douglas Net Worth
Gabby Douglas has an estimated net worth of $4 million. Olympic gymnast Gabby Douglas is best known as the first African American to win the individual all-around event. She also won gold medals for the U.S. in the team competitions at the 2012 and 2016 Summer Olympics. She earns most of her income from her career as a gymnast and brand endorsements.
Gabby Douglas is an American gymnast who became the first African American to win the individual all-around event in Olympic history at the 2012 Summer Games. Douglas, who stands 5′ 2″, also won team gold medals at the Summer Olympics in 2012 and 2016. Douglas began formal gymnastics training at the age of six and had won a state championship by the age of eight. Gabby Douglas unveiled a Barbie Shero doll just before the Summer Olympics in Rio de Janeiro in 2016.
To calculate the net worth of Gabby Douglas, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$4 Million|
|Monthly Salary:||$70 Thousand|
|Annual Income:||$1 Million|
|Source of Wealth:||Gymnast|
Douglas was born in Virginia Beach, Virginia on December 31, 1995, to Timothy Douglas and Natalie Hawkins. Her first gymnastics experience came at the age of three, when she perfected a straight cartwheel using a technique taught to her by her older sister, Arielle, a former gymnast. Douglas had taught herself how to do a one-handed cartwheel by the age of four.
Douglas’ mother allowed Gabby to begin formal gymnastics classes at the age of six, with the encouragement of Gabby’s sister. She was named Virginia State Gymnastics Champion only two years later, in 2004.
When Douglas was 14, she left her hometown and family to train with renowned coach Liang Chow, who was responsible for developing American gymnast Shawn Johnson into a world champion and Olympic gold medalist. Travis and Missy Parton volunteered to host Douglas in West Des Moines. According to Douglas’ official website, she became a big sister to the Partons’ four daughters, one of whom was also a Chow’s student.
Douglas made her national debut at the 2010 Nastia Liukin SuperGirl Cup, a televised meet held in Massachusetts, finishing fourth all-around. In the junior division of her first elite meet, the 2010 CoverGirl Classic in Chicago, Illinois, she finished third on the balance beam, sixth on vault, and ninth overall.
Douglas went on to win a silver medal on balance beam and a fourth-place finish overall at the 2010 U.S. Junior National Championships, as well as the uneven bars title at the 2010 Pan American Championships. Douglas finished fifth all-around at that event, and her performance helped the US team win the gold medal.
Douglas competed for the United States in the team finals of the 2011 World Artistic Gymnastics Championships in Tokyo, Japan. She also won the 2012 Olympic Trials in San Jose, California, and was named to the United States’ national team that competed in the 2012 Summer Olympics in London.
According to an article on American-Gymnast.com, “her unique blend of power, flexibility, body alignment, and form has led to her being compared to three-time Olympian Dominique Dawes.” Douglas is the first African American woman to be named to the United States Olympic women’s gymnastics team since Dawes in 2000.
Douglas’ high-flying abilities and high difficulty score on bars drew the attention of U.S. women’s national team coordinator Martha Karoyli, who nicknamed her “Flying Squirrel.”
2012 Summer Olympics
Douglas and the rest of the United States Olympic women’s gymnastics team — Kyla Ross, McKayla Maroney, Aly Raisman, and Jordyn Wieber — won a team gold medal at the 2012 Summer Olympics. Fans around the world watched as the team’s medal win was announced — the first gold medal for the American women’s gymnastics team since 1996.
Douglas went on to compete in the individual all-around event, where he became the first African American to win gold. Following her two gold medals, she competed in the individual uneven bars and individual beam events but did not medal, finishing eighth and seventh, respectively.
Douglas, then 16, had proven herself a champion by 2012, rising from underdog to Olympian in a short period of time. She appeared on the cover of Sports Illustrated in early July 2012, alongside the rest of the United States Olympic women’s gymnastics team, and on one of five TIME Magazine covers that same month. She was also featured as an Olympian on Kellogg’s special edition Wheaties corn flakes box.
Road to Rio Games
Douglas relocated to Los Angeles in 2013 following her historic Olympic victory. She returned to training with Chow in 2014 and later that year began working with coach Kittia Carpenter.
Douglas did not compete in 2014, but he did compete internationally again in 2015. She finished fourth overall at the 2015 City of Jesolo Trophy, second overall at the US Classic, and fifth overall at the P&G Championships. She was named to the Senior National Team and was a member of the United States Women’s World Championship team in 2015. At the 2015 World Artistic Gymnastics Championships in Glasgow, Scotland, she also won silver in the all-around.
Douglas won the City of Jesolo Trophy all-around title in 2016 and finished fourth overall at the P&G Championships.
Douglas finished seventh at the Olympic trials in July 2016, after two falls on the balance beam. Regardless, she joined fellow gymnasts Simone Biles, Laurie Hernandez, Madison Kocian, and Aly Raisman on the 2016 Olympic team, becoming the first reigning all-around Olympic champion to compete in a second Olympic Games since Nadia Comaneci in 1980. She and teammate Raisman, who was also on the gold medal-winning team in 2012, were the first American female gymnasts to compete in the Olympics since Dawes and Amy Chow in 2000.
2016 Olympic Games
Douglas’s impressive performance on the uneven bars on August 9, 2016, helped the United States women’s gymnastics team win gold again.
Douglas won team gold alongside Biles, Raisman, Hernandez, and Kocian, forming “The Final Five.”
“We’re the Final Five because this is [coach] Marta [Karolyi’s] last Olympics, and none of this would have been possible without her,” Raisman explained on the Today Show. We wanted to do it for her because she is always there for us.” She continued, saying: “This is the last Olympics with a five-woman team. The next Olympics will feature only a four-person team.”
Following team victories in 1996 and 2012, the Final Five became the third American women’s gymnastics team to win gold.
Douglas finished third out of 61 competitors in the qualifying rounds for the women’s individual all-around event. However, due to a rule that only allows two gymnasts per country to compete, Douglas was unable to compete and defend her 2012 title. Teammates Biles and Raisman finished ahead of her in the qualifying round and went on to win gold and silver in the competition, respectively.
Douglas did compete in the uneven bars final, but her performance was marred by an error on a handstand, resulting in a seventh-place finish. Madison Kocian, another member of her team, won silver in the event.
According to her mother Natalie Hawkins, the Olympic champion was also “heartbroken” by cyber-attacks. “She’s had to deal with people criticizing her hair or accusing her of skin bleaching.” They claimed she had breast enhancements, that she wasn’t smiling enough, and that she was unpatriotic. It then progressed to not supporting your teammates. “You’re now known as ‘Crabby Gabby,'” Hawkins told Reuters. “You name it, she got trampled on it.” “What ever did she do to anyone?”
Douglas, who told reporters that the attacks were “heartbreaking,” said she would stay positive. “I still love the people who love me, and I still love the people who hate me,” she said in an interview with The Washington Post.
Movies, TV Shows and Books on Gabby Douglas
In 2012, Douglas published her autobiography Grace, Gold, and Glory: My Leap of Faith.
The Gabby Douglas Story, a Lifetime TV movie about the gymnast’s life, aired in 2014. Douglas Family Gold, a reality television show following Douglas and her family, debuted on Oxygen in 2016.
Gabby Douglas debuted her new Barbie Shero doll on July 11, 2016, the day after she was named to the Olympic team.
Sexual Assault Controversy
Douglas became embroiled in controversy after it was revealed that former USA Gymnastics team doctor Larry Nassar had inappropriate behavior toward patients, including members of the celebrated 2012 Olympic team.
Raisman made several media appearances for her new autobiography, in which she revealed she had been molested by Nassar, while Nassar was on trial for criminal sexual conduct charges in November 2017. Douglas then responded to Raisman’s tweet by saying that women should “dress modestly and be classy… dressing provocatively/sexually entices the wrong crowd.”
Douglas’ comment drew widespread criticism for contributing to victim shaming at a time when women from a variety of industries were sharing accounts of sexual harassment. Douglas attempted to clarify things with a lengthy Instagram apology, in which she hinted that she had also been molested by Nassar, after deflecting some of the outrage directed her way. Her publicist later confirmed that Douglas did, in fact, reveal the news in her post.
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