[6] The paternal grandfather of Olympias was Flavius Ablabius who had held consular rank in Constantinople,[7] while her maternal uncle was Calliopius the Rhetor who served as a grammaticus and assistant-teacher under the Rhetor, historian Libanius[8] and later served as a Roman official under the Roman emperors Constantius II and Julian the Apostate.

[9] At eighteen years of age, Olympias married Nebridius, a nobleman who served as prefect of Constantinople.

Her good works included building a hospital and an orphanage and looking after monks who had been led in exile from Nitria.

Having lost her house, she lived the rest of her life in Nicomedia, dying on July 25, 408, after a long illness.

It survived into the 7th century, when its abbess, Sergia, reported that relics relating to Olympias were recovered.