Gabby Douglas net worth and salary: Gabby Douglas is an American Olympian who has a net worth of $3 million dollars. Born in Virginia Beach, Virginia on December 31, 1995, Gabby Douglas, began practicing gymnastics when she was just six years old. After showing early signs of exceptional talent, her mother quickly realized she needed more formalized coaching. At the time, Gabby was flipping off of higher and higher pieces of furniture while practicing at home, so clearly a more professional outlet was needed. She began training with a coach in Virginia, and by age 8, she had won the Virginia State All-Around gymnastics title in her level. By 2010, she was placing in the top five consistently at all of her national elite meets. She decided she wanted to take her training to the next level, and of her own accord, moved to Iowa to live with a host family and train with renowned coach, Liang Chow. The move paid off, and throughout 2011, Gabby placed second or third at multiple events. She helped her team win Gold at the 2011 World Championships. In 2012, Gabby was chosen for the U.S. Olympic team, and subsequently became the first American gymnast to win both All-Around and Team Gold at the same Olympics, as well as the first female of color to win an All-Around Gold in gymnastics.