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How Much is Louis Smith's Net Worth and Salary? His Earnings and Expenses

Updated On 01 Feb, 2018 Published On

Louis Smith, born as Louis Antoine Smith, is a British artistic gymnast who is also known as Silver Smith. 28-year-old Smith is the 4 times Olympic medalist and 5 times world medalist. Smith was appointed as the Member of the Order of the British Empire (MBE) during the 2013 New Year Honours for services to gymnastics. Currently, he is also the member of the Huntingdon Gymnastics Club and trains under the coach Paul Hall alongside his teammate Daniel Keatings.

Alongside his success history and relationship with alleged girlfriend Florence Edge, Louis Smith's professional career earning is also in the spotlight. Well, Lous is estimated to have a net of $1.2 million.

English gymnast Louis Smith

Olympic star and English gymnast, Louis Smith

Source: Metro

So how much is his earnings? What about his house and cars? Let's know all about Louis Smith's net worth, earnings, endorsement, and source of income.

Net Worth of Louis Smith

Louis Smith's source of income involves his professional gymnastic career and regular endorsements. As of 2018, the net worth of Louis Smith is estimated at $1.2 million.

The former boyfriend of English actress Lucy Mecklenburgh, Louis Smith, besides being a professional gymnast, seems to be good a dancer too, as he participated in the 2012 series of the British television show Strictly Come Dancing partnering with Flavia Cacace and won the competition. His earning from the show was $141,248 along with the glitterball trophy.

Have a look at the video.

Professional Career Earnings

Smith started his professional career in 2004, winning the then European champion on Pommel Horse in 2002 and 2006. Smith Louis also won a bronze medal at the 2008 Beijing Olympics and 2 silver medals in 2012 London Olympics and the 2016 Rio Olympics respectively.

But a surprise appears here, the British government doesn't pay the compensation to the Olympic medalist. However, they pay for their accommodation and travel expenses. Odd but true!

The British Olympic Association regarding their astonishing rule told:

We believe that the drive, dedication and commitment required of Team GB athletes is motivated, first and foremost, by the desire to represent their country to the very best of their ability on the greatest sporting stage in the world, the Olympic Games; and their love of sport.

Louis Smith won silver medal in Olympics

Louis Smith won silver medal in Olympics

Source: Irish Mirror

However, the Birtian has its own way of proving funds to its athletes, typically worth around $50,890 - $84,000 per athlete per annum at the Podium level, and $32,513 - $56,545 per athlete at the Podium Potential level, depending on the sport. 

Also depending on the performance, the athletes get their payment based on the podium level; Band A, Band B, and Band C. As a Band A athlete, Louis Smith gets paid $39,581 annually while the Band B and Band C athletes are paid $30,393 and $21,204 respectively. 

Let's take a look at Louis Smith breaking the Guinness World Records on Pommel horse records.

Well, Louis income gets a support with his endorsements too. Let's know about it too.

Endorsements of Louis Smith 

Louis Smith has endorsement deals with the brands like Adidas, Alexander McQueen, Barker Shoes, Be an Atheter and Chester Barrie. However, the details regarding the terms and conditions of these endorsement are not disclosed yet.

Louis Smith endorsed by Adidas

Louis Smith endorsed by Adidas

Source: Digital Spy

Probably, Louis owes a huge bank balance through his deals, and maybe it will be out soon in future.

Louis Smith's house

Louis Smith currently lives in a house in his hometown of Peterborough. The house is featured with James Bond-style chill-out den with a 75in TV, all hidden behind a sliding bookcase. Though the precise cost of the house is not disclosed, the average price of the property, that he bought in 2013, is reported to be $1.13 million.

Louis Smith enjoying in his home in his hometown

Louis Smith enjoying in his home in his hometown

Source: Hello Magazine

Well, Louis also commented on the astronomical property prices in Camden. As per his statement:

I was looking at quirky areas, especially Camden. But it is just too expensive, it’s silly prices. I will commute from Peterborough instead, it’s only just over an hour on the train.

Back then, in Camden, the price of a one-bedroom flat was reported to be $565,484.  

Louis Smith Cars

Talking about cars, Louis Smith owns a Nissan-GTR. He has been seen picking Lucy Mecklenburgh up in the car a couple of times. The starting price of the luxury sports car is around $110,000.

Louis Smith picking up Lucy Mecklenburgh in his car

Louis Smith picking up Lucy Mecklenburgh in his car

Source: Daily Mail

Louis also drives a BMW which gifted by Motorpoint to him. The BMW car's cost is between $45,000 to 51,000.

 

Besides this, Louis has not opened up much about his property.

Louis Smith Philanthropy

Louis, the Common Wealth champion, posted a nude photo for the Cosmopolitan Magazine joining other Olympians from Team GB to raise awareness for the campaign Everyman Appeal. The campaign works in coordination with The Institute for Cancer Research (ICR) to raise funds for its pioneering research in male cancer.

 Louis Smith stripped off and posing for Cosmopolitan for charity

 

Louis Smith stripped off and posing for Cosmopolitan for charity

Source: Daily Mail

A great gymnast and a generous personality indeed! We wish Louis best for the future. stay tuned for more updates.