How Much Do Olympic Athletes Earn When They Medal in Paris?

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.

Regardless that the Worldwide Olympic Committee does 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 an inventory of the international locations that reward successful athletes and the way a lot they obtain for every medal.

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Hong Kong and Singapore are probably the most beneficiant, rewarding gold medalists with over half 1,000,000 {dollars}.

^{Paris 2024 Olympic Video games. Photograph by Michael Reaves/Getty Photographs}

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 support 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 instructed The Huffington Post. “They put no matter they may into me and I am the oldest of six youngsters.”

The Paris Olympics costs as much as $21,700 in charges and membership dues, however the annual earnings of 1 in 4 U.S. Olympians is lower than $15,000. Crew USA does award almost $2.5 million in personal grants yearly.

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Listed here 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 here.