Olympians' Financial Rewards Vary Widely Across Countries
From cash bonuses to quirky gifts, athletes' earnings for winning medals at the Paris 2024 Olympics differ greatly depending on their home nation.
- Hong Kong and Singapore offer the highest cash rewards, with payouts of up to $768,000 and $745,300 for gold medals, respectively.
- Some countries, like South Korea, provide additional benefits such as lifelong pensions or lump-sum payments.
- Athletes from nations like Great Britain and Norway receive no direct cash bonuses for podium finishes.
- In addition to cash, rewards can include apartments, cars, and other gifts from both governments and private companies.
- The actual value of an Olympic gold medal is relatively low, but medals can fetch high prices at auctions, especially those won by famous athletes.