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, primarily based on knowledge from the Nationwide Olympic Committees, CNBC revealed a listing of the international locations that reward successful 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 1,000,000 {dollars}.
Paris 2024 Olympic Video games. Picture by Michael Reaves/Getty Photographs
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 practically went bankrupt,” Hawn informed 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 practically $2.5 million in non-public grants yearly.
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Listed below are the highest 5 international locations 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
Here is how the U.S. pays its medalists
Gold: $38,000
Silver: $23,000
Bronze: $15,000
For the total chart, click on right here.