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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.