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.

Although the Worldwide Olympic Committee would not supply a monetary prize for a win, some international locations nonetheless supply medalists money bonuses. On Tuesday, primarily based on information from the Nationwide Olympic Committees, CNBC revealed an inventory of the international locations that reward profitable athletes and the way a lot they obtain for every medal.

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

^{Paris 2024 Olympic Video games. Picture by Michael Reaves/Getty Photos}

The U.S. completed tenth on the listing, with prizes starting from $15,000 to $38,000.

Turning 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 dad and mom practically 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 practically $2.5 million in non-public grants yearly.

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Listed below are the highest 5 international locations with the best Olympic payouts.