Here's How Much Money Medal Winners Earn at the 2024 Paris Olympics

Aug 01, 2024 04:21 AM - 4 months ago 94308

Athletes who triumph a gold, silver, aliases bronze badge astatine nan 2024 Paris Olympics person a medal, a poster, and a stuffed artifact of nan Olympics mascot — but nary money.

Even though nan International Olympic Committee doesn't connection a financial prize for a win, immoderate countries still connection medalists rate bonuses. On Tuesday, based connected information from nan National Olympic Committees, CNBC published a database of nan countries that reward winning athletes and really overmuch they person for each medal.

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Hong Kong and Singapore are nan astir generous, rewarding golden medalists pinch complete half a cardinal dollars.

Paris 2024 Olympic Games. Photo by Michael Reaves/Getty Images

The U.S. vanished tenth connected nan list, pinch prizes ranging from $15,000 to $38,000.

Becoming an Olympic jock takes a six-figure finance pinch nary guaranteed return, salary, aliases federal support to screen expenses. Rick Hawn, who competed successful nan 2004 Olympics successful judo, said his family felt nan financial strain of his Olympic career.

"My parents astir went bankrupt," Hawn told The Huffington Post. "They put immoderate they could into maine and I'm nan oldest of six kids."

The Paris Olympics costs up to $21,700 successful fees and rank dues, but nan yearly income of 1 successful 4 U.S. Olympians is little than $15,000. Team USA does grant astir $2.5 million successful backstage grants each year.

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Here are nan apical 5 countries pinch nan highest Olympic payouts.