What is Mary Lou Retton's Net Worth?
Mary Lou Retton is a retired American gymnast who has a net worth of $1 million. Mary Lou Retton became a national icon after winning the all-around gold medal at the 1984 Summer Olympics in Los Angeles.
She was the first American woman to win Olympic gold in the all-around, and she did so in one of the most dramatic moments in sports history. Heading into her final event, the vault, Retton trailed Romanian gymnast Ecaterina Szabo by just five-hundredths of a point. To win, she needed a perfect 10. Against immense pressure and with the world watching, she stuck the landing and earned that perfect 10. The performance vaulted her to victory and instant international fame. Retton walked away from the 1984 Games with five medals: one gold, two silver, and two bronze. Her triumph not only cemented her place in Olympic history but also helped usher in a new era of American gymnastics.
After the Olympics, Retton stayed in the public eye in a variety of ways, perhaps most notably as a supporter of the Reagan administration. She also attended the University of Texas at Austin and appeared in many, many, many TV commercials and endorsement campaigns, most notably for Wheaties cereal.
Illness and Fundraiser
On October 10, 2023, Mary Lou's daughter McKenna revealed that Mary Lou had been in the ICU for over a week, dealing with an unexplained illness that made it impossible for her to breathe on her own. McKenna also revealed that her mother does not have health insurance and, therefore, included a link to a fundraising page with the goal of raising $50,000 for her medical expenses. The fundraiser ultimately raised around $460,000. When she was asked later why her mother did not have healthcare, McKenna explained: "Due to her medical history and the number of surgeries she has endured from gymnastics and just life, it's unaffordable to her." McKenna also explained that her mother's income dropped in the wake of the COVID pandemic. She had previously been earning up to $25,000 per speech.
Personal Life, Real Estate & Divorce Settlement
Following her gymnastics career, Retton attended the University of Texas at Austin. Retton lived in Houston, Texas, until 2009, when she moved back to West Virginia. In 2012, she moved back to Houston and then married real estate developer Shannon Kelley, the former quarterback of the University of Texas. They have four daughters together – Shayla, McKenna, Skyla, and Emma. They divorced in 2018.
According to the terms of their divorce settlement, in 2018, Shannon reportedly paid Mary Lou $2 million in cash and property. Specifically, $1,950,597 worth of cash and property. That amount did not include her share of the proceeds from the sale of a home in Houston and a home in West Virginia. The Houston home was sold for $800,000, and the West Virginia home was sold for $575,000. Mary also received the couple's 2015 Porsche Panamera.
In 2021, Mary Lou paid roughly $500,000 for a home in Boerne, Texas. In 2023, the HOA in her neighborhood reportedly took out a lien against the home after Mary Lou reportedly did not pay roughly $1,500 worth of HOA fees.
Early Life
Retton was born on January 24, 1968, in Fairmont, West Virginia. Her father, Ronnie, was in charge of a coal-industry transportation equipment business. She was born with hip dysplasia, which was made worse over time by her extensive gymnastics training. She began training in gymnastics at the age of 8 after watching Nadia Comaneci win in the 1976 Summer Olympics in Montreal. To further her training, the family relocated to Houston so she could work under legendary coaches Béla and Márta Károlyi, who had also coached Comaneci.
Gymnastics Career
After starting to work with the Karolyis, Retton quickly became a star in gymnastics. She won the American Cup in 1983 at the age of 15. The same year, she placed second in the U.S. Nationals, finishing just after Dianne Durham. A wrist injury caused her to miss the World Gymnastics Championships, but she won the American Classic in both 1983 and 1984.
Retton went on to win the U.S. Nationals in 1984 and also qualified at the U.S. Olympic Trials. However, she then injured her knee while she had been performing a routine. While signing autographs, she felt her knee lock up and realized the injury was serious. She was forced to get an operation on her knee five weeks prior to the 1984 Summer Olympics. The pressure was on her to recover quickly in order to perform well in the Olympics, especially since it was being held for the first time in the United States in 52 years. However, she recovered just in time to be competitive and was able to perform.
(Photo by Focus on Sport/Getty Images)
Because the entire Soviet bloc apart from Romania had decided to boycott the Olympics, eliminating much of the typical American-Soviet gymnastics competition, Retton was primarily engaged in a close battle with Romanian Ecaterina Szabo for the all-around gold medal. Retton was initially behind Szabo, who had scored higher on the uneven bars and the balance beams. Stunningly, she scored perfect scores of 10 on both the vault and the floor exercise, giving her the needed boost to grab the win. The victory was especially dramatic considering the knee injury and speculation that it would hinder her performance. Retton won the gold by .05 points and became the first female gymnast not from Eastern Europe to win the individual all-around gold. She also was the first American woman to be an Olympic all-around champion. Retton also won two silver medals and two bronze medals at the same Olympics.
Retton continued her gymnastics career following the Olympics. She won the American Cup all-around competition in 1985 for a third time. She then decided to retire from gymnastics in 1986 at the age of 18. One of Retton's signature moves on the uneven bars became known as "The Retton Flip" and consisted of a transition that involved perching on the high bar. Over time, the move was removed from the Code of Points due to stylistic changes in gymnastics over the years. In 1997, Retton was inducted into the International Gymnastics Hall of Fame. She was the first woman to be inducted into the Houston Sports Hall of Fame in January 2020.
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Endorsements
Following her Olympic success, Retton became one of the most recognizable athletes in America. She was featured on a Wheaties box, became a spokesperson for Revco, and starred in numerous commercials. Her endorsement deals reportedly earned her millions in the 1980s.
Retton was also an outspoken supporter of President Ronald Reagan and appeared in TV ads during his 1984 reelection campaign. She later took part in the 2004 Republican National Convention, delivering the Pledge of Allegiance alongside Kerri Strug.
She made cameo appearances in "Scrooged," "Naked Gun 33⅓: The Final Insult," and appeared on shows like "Knots Landing" and "Baywatch." In 2018, she competed on season 27 of "Dancing with the Stars," placing ninth with professional partner Sasha Farber.
Other Appearances
Additionally, Retton made cameo appearances as herself in a number of films and shows. She appeared in "Scrooged" and "Naked Gun 33+ 1/3: Final Insult." She also appeared in "Knots Landing," "Baywatch," and a commercial for RadioShack in 2014.
In 2018, she competed on the 27th season of "Dancing with the Stars." She was partnered with professional dancer Sasha Farber but was eliminated in the sixth week, coming in ninth place.