{"id":12660,"date":"2024-07-31T23:12:37","date_gmt":"2024-07-31T23:12:37","guid":{"rendered":"https:\/\/imsfund.com\/?p=12660"},"modified":"2024-07-31T23:12:37","modified_gmt":"2024-07-31T23:12:37","slug":"how-much-do-olympic-athletes-earn-when-they-medal-in-paris","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2024\/07\/31\/how-much-do-olympic-athletes-earn-when-they-medal-in-paris\/","title":{"rendered":"How Much Do Olympic Athletes Earn When They Medal in Paris?"},"content":{"rendered":"


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Athletes who win a gold, silver, or bronze medal at the 2024 Paris Olympics receive a medal, a poster, and a stuffed toy of the Olympics mascot \u2014 but no money.<\/p>\n

Even though the International Olympic Committee doesn’t offer a financial prize for a win, some countries still offer medalists cash bonuses. On Tuesday, based on data from the National Olympic Committees, CNBC<\/a> published a list of the countries that reward winning athletes and how much they receive for each medal.<\/p>\n

Related: <\/b>‘The Olympics Are a Business’: Mark Cuban Says NBA Players Should Not Be Permitted to Play in the 2024 Summer Games<\/b><\/a><\/p>\n

Hong Kong and Singapore are the most generous, rewarding gold medalists with over half a million dollars.<\/p>\n

\"\"Paris 2024 Olympic Games. Photo by Michael Reaves\/Getty Images<\/sup><\/i><\/p>\n

The U.S. finished tenth on the list, with prizes ranging from $15,000 to $38,000.<\/p>\n

Becoming an Olympic athlete takes a six-figure investment with no guaranteed return, salary, or federal support<\/a> to cover expenses. Rick Hawn, who competed in the 2004 Olympics in judo, said his family felt the financial strain of his Olympic career.<\/p>\n

“My parents nearly went bankrupt,” Hawn told The Huffington Post<\/a>. “They put whatever they could into me and I’m the oldest of six kids.”<\/p>\n

The Paris Olympics costs<\/a> up to $21,700 in fees and membership dues, but the annual income of one in four U.S. Olympians is less than $15,000. Team USA does award nearly $2.5 million<\/a> in private grants every year.<\/p>\n

Related: <\/b>Famed Broadcaster Al Michaels’ Voice Will Be AI-Generated for Summer Olympics Coverage<\/b><\/a><\/p>\n

Here are the top five countries with the highest Olympic payouts.<\/p>\n

Hong Kong<\/h2>\n

Gold: $768,000<\/p>\n

Silver: $384,000<\/p>\n

Bronze: $192,000<\/p>\n

Singapore<\/h2>\n

Gold: $745,000<\/p>\n

Silver: $373,000<\/p>\n

Bronze: $186,000<\/p>\n

Indonesia<\/h2>\n

Gold: $300,000<\/p>\n

Silver: $150,000<\/p>\n

Bronze: $60,000<\/p>\n

Israel<\/h2>\n

Gold: $271,000<\/p>\n

Silver: $216,000<\/p>\n

Bronze: $135,000<\/p>\n

Republic of Kazakhstan<\/h2>\n

Gold: $250,000<\/p>\n

Silver: $150,000<\/p>\n

Bronze: $75,000<\/p>\n

Here’s how the U.S. pays its medalists<\/h2>\n

Gold: $38,000<\/p>\n

Silver: $23,000<\/p>\n

Bronze: $15,000<\/p>\n

For the full chart, click here<\/a>.<\/b><\/i><\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Athletes who win a gold, silver, or bronze medal at the 2024 Paris Olympics receive a medal, a poster, and a stuffed toy of the Olympics mascot \u2014 but no money. Even though the International Olympic Committee doesn’t offer a financial prize for a win, some countries still offer medalists cash bonuses. On Tuesday, based […]<\/p>\n","protected":false},"author":5,"featured_media":12661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/1722459742-Paris-GettyImages-2163080636.jpg?format=pjeg&auto=webp","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-12660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/12660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=12660"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/12660\/revisions"}],"predecessor-version":[{"id":12662,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/12660\/revisions\/12662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/12661"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=12660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=12660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=12660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}