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.
Although the Worldwide Olympic Committee does not provide a monetary prize for a win, some nations nonetheless provide medalists money bonuses. On Tuesday, primarily based on information from the Nationwide Olympic Committees, CNBC revealed a listing of the nations that reward profitable athletes and the way a lot they obtain for every medal.
Hong Kong and Singapore are essentially the most beneficiant, rewarding gold medalists with over half one million {dollars}.
Paris 2024 Olympic Video games. Photograph by Michael Reaves/Getty Pictures
The U.S. completed tenth on the record, 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 assist to cowl bills. Rick Hawn, who competed within the 2004 Olympics in judo, stated his household felt the monetary pressure of his Olympic profession.
“My dad and mom practically went bankrupt,” Hawn instructed The Huffington Publish. “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. Group USA does award practically $2.5 million in personal grants yearly.
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Listed here are the highest 5 nations with the 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.
