Here is how a lot athletes on the Paris Olympics earn for profitable medals

The Paris 2024 Olympics is nicely underway, with dozens of medals already handed out.

Apart from a medal, a stuffed toy of the Olympics mascot and a “mysterious” field containing the official occasion poster, some medalists obtain further monetary rewards for his or her efforts.

Whereas the Worldwide Olympic Committee doesn’t give out prize cash for profitable medals, a number of nations do reward their athletes with medal bonuses.

Under are a few of the payouts, primarily based on info compiled by CNBC from nationwide Olympic committees, sports activities associations and native stories.

Money incentives for Hong Kong athletes competing in Paris jumped 20% from the Tokyo Summer season Olympics. Gold medalists will obtain 6 million Hong Kong {dollars} ($768,000), Hong Kong’s Chief Secretary for Administration Chan Kwok-ki introduced early July. Silver and bronze medalists stand to earn HK$3 million and HK$1.5 million respectively.

This 12 months, the town is slated for hefty pay outs attributable to an early crop of medals in swimming and fencing. Vivian Kong received Hong Kong’s first medal on the Paris Video games, topping the rostrum within the ladies’s epee particular person occasion. Fellow fencer Cheung Ka-long additionally received gold within the males’s particular person foil occasion, whereas swimmer Siobhan Bernadette Haughey bagged a bronze medal within the ladies’s 200-meter freestyle.

Singapore provides Olympic medalists 1 million Singapore {dollars} ($745,300) for gold, SG$500,000 for silver and SG$250,000 for bronze. Town-state has solely distributed the highest money bonus to 1 athlete: Joseph Education. The now retired swimmer defeated the USA’ Michael Phelps within the 100-meter butterfly on the Rio Olympics in 2016 to win gold.

Different governments dangling six-figure money rewards for his or her gold medalists embody Israel, Malaysia, Kazakhstan and Indonesia. Israel is reportedly providing 1,000,000 Israeli shekels ($270,537) for a gold medal, marking a 50% leap from what was provided for the Tokyo Video games.

Host nation France has additionally reportedly bumped up its money incentives. Gold medalists are slated to obtain 80,000 euros ($86,528) — 15,000 euros greater than what it provided on the Tokyo Olympics.

Some prolong rewards to athletes outdoors of the rostrum locations. Germany’s Sports activities Support Basis doles out money prizes as much as eighth place finishers on the Olympic Video games. Gold medalists obtain 20,000 euros ($22,000).

India’s Olympic athletes obtain financial rewards from each the federal government and its nationwide sports activities physique, in keeping with native media. The federal government give gold medalists 7.5 million rupees ($90,000) whereas the Indian Olympic Affiliation individually provides 10 million rupees ($120,000).

Kazakhstan’s Olympic athletes reportedly can earn $250,000 for a gold medal, $150,000 for silver and $75,000 for bronze. The state additionally doles out residences to medalists.

Native media report Malaysia’s Nationwide Sports activities Council provides a reward of 1 million ringgit ($215,563) for particular person gold medalists, whereas silver medalists are anticipated to get 300,000 ringgit and bronze medalists can be rewarded 100,000 ringgit. Some personal corporations in Malaysia reportedly provided different incentives, comparable to luxury-serviced residences or extra money.

All athletes who handle to safe a podium end can even be given a “foreign-made automotive,” in keeping with an area media report of remarks from Malaysia’s Youth and Sports activities Minister Hannah Yeoh.

South Korean medalists are awarded pensions along with the prize cash.

On prime of a 63 million Korean received windfall ($43,288), native media report South Korea’s gold medalists are additionally given the choice of both a lifelong month-to-month pension of 1,000,000 received, or a lump sum of 67.2 million received.

A silver medalist earns 35 million received, and a bronze medalist will get 25 million received.

Some athletes may additionally obtain different presents like free drinks and transportation.

Hong Kong public transit operator MTR Company will give free lifetime tickets to the town’s medalists, in keeping with native media stories.

Apart from 200,000 Polish zloty ($50,374) from the Polish Olympic Committee, Klaudia Zwolińska can be reportedly poised to obtain a portray, a vacation voucher, a scholarship and a diamond for claiming silver within the ladies’s canoe slalom K1 competitors.

Olympians have usually been gifted quirky tokens of appreciation.

A neighborhood chain pledged that athletes who represented Malaysia on the Tokyo Video games would get free meals and teh tarik for all times, in keeping with native media. Teh tarik is a sizzling milk tea beverage that’s widespread all through Southeast Asia.

Japanese desk tennis participant Kasumi Ishikawa was gifted 100 luggage of rice after profitable a silver medal on the Tokyo Video games. Indonesian badminton gold medalists Apriyani Rahayu and Greysia Polii had been reportedly bequeathed 5 cows, a meatball restaurant and a brand new home.

Athletes from Nice Britain, Norway and a handful of different nations don’t obtain any direct money bonus for putting on the rostrum.

Disclosure: CNBC mother or father NBCUniversal owns NBC Sports activities and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer season and Winter Video games by 2032.