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Gymnastics champion is about to get very rich, very fast. she got a look at her first kellogg's corn flakes box today and other american brands are clamoring to ride the gabby-licious vapor trail. >> at this moment, i would predict she earns in the mid eight-figure range in endorsement income over the next four or five years. >> reporter: that's over $10 million. not bad. and judoka made history today, not because she lost her first judo match in 82 seconds but she became the first woman to ever compete for saudi arabia in an olympic games. after a bit of diplomacy, she was allowed to wear her...

Veteran's five hours per day, five days per week, now dreams of her own olympic moments. >> how does that make you feel about your own gymnastics? >> it is very inspiring. and it makes me want to push myself harder. >> yesterday the young gymnast watch together as she gave a gold medal performance. >> it is weird to see her as an olympian and that is what people know her as i still see her as daddy, my friend. >> her friend, the olympic champion. >> it means a much, all the hard work and dedication and hard days, hard as are the best because that is when children are made because if you push t...

William and kate just being kids and celebrating a british gold medal in bike racing at the velodrome today. they attend a lot of events here with brother harry and the brits are on a big medal run as our host country. about their women's olympic team, the bbc said today, quote, on a horse, on a boat, on a bike, in the pool, in their pajamas, they continue to enjoy their golden moment. that pajama reference had to do with the silver medal in judo today. and now about those american women. tonight is gymnastics. and millions of folks back home will be watching the so-called flying squirrel, g...

Olympic history made tonight when 16-year-old gabby douglas won the gold for the best all-around gymnast. the first african-american to win the title, her second gold medal of the games. >> i'm going to seize the moment. it goes by so fast. >> reporter: tonight the little dynamo with the mile wide smile is flying high and she's not done yet. she has two more events next week. and, brian, back to swimming, the phenom that is phelps isn't done yet either. he still has two more chances at gold here in london before he says he's going to hang up his swimming goggles for good. brian? >> kevin tibbl...

Home? >> zero. >> reporter: at last year's visa championship, she fell off the balance beam three times. feeling the pressure to succeed, in january she wanted to quit. >> i'm like oh, i miss my mom and my family. i even miss my dog. >> i said, if you think you're going to have regrets then don't do it. >> reporter: gabby not only decided to stay in iowa, she roared back in competition. scoring an upset to win the u.s. gymnastics trials. and in london, both families have been in the stands celebrating the team gold medal led by her proud mom. >> she is energetic, caring, compassionate. you kno...