Athletes who win a gold, silver, or bronze medal on the 2024 Paris Olympics obtain a medal, a poster, and a stuffed toy of the Olympics mascot — however no cash.
Despite the fact that the Worldwide Olympic Committee would not provide a monetary prize for a win, some international locations nonetheless provide medalists money bonuses. On Tuesday, based mostly on information from the Nationwide Olympic Committees, CNBC printed a listing of the international locations that reward profitable athletes and the way a lot they obtain for every medal.
Associated: ‘The Olympics Are a Enterprise’: Mark Cuban Says NBA Gamers Ought to Not Be Permitted to Play within the 2024 Summer time Video games
Hong Kong and Singapore are probably the most beneficiant, rewarding gold medalists with over half 1,000,000 {dollars}.
Paris 2024 Olympic Video games. Picture by Michael Reaves/Getty Pictures
The U.S. completed tenth on the checklist, with prizes starting from $15,000 to $38,000.
Changing into an Olympic athlete takes a six-figure funding with no assured return, wage, or federal help to cowl bills. Rick Hawn, who competed within the 2004 Olympics in judo, mentioned his household felt the monetary pressure of his Olympic profession.
“My mother and father almost went bankrupt,” Hawn advised The Huffington Submit. “They put no matter they may into me and I am the oldest of six youngsters.”
The Paris Olympics prices as much as $21,700 in charges and membership dues, however the annual revenue of 1 in 4 U.S. Olympians is lower than $15,000. Workforce USA does award almost $2.5 million in personal grants yearly.
Associated: Famed Broadcaster Al Michaels’ Voice Will Be AI-Generated for Summer time Olympics Protection
Listed below are the highest 5 international locations with the very best Olympic payouts.
Hong Kong
Gold: $768,000
Silver: $384,000
Bronze: $192,000
Singapore
Gold: $745,000
Silver: $373,000
Bronze: $186,000
Indonesia
Gold: $300,000
Silver: $150,000
Bronze: $60,000
Israel
Gold: $271,000
Silver: $216,000
Bronze: $135,000
Republic of Kazakhstan
Gold: $250,000
Silver: $150,000
Bronze: $75,000
This is how the U.S. pays its medalists
Gold: $38,000
Silver: $23,000
Bronze: $15,000
For the complete chart, click on right here.
