No one is paid for winning Olympic medals directly.
However winning one may improve some ones chances of getting a sponsor and advertising contract.
Kirani James Grenada (GRN)
winning a gold medal
1 gold medal has been awarded to the small island Grenada in the London Olympic games 2012.
A gold medal, a pat on the back, and a place in the history books. There are no money prizes for winning medals.
Winning a gold medal
it stands for winning
Grenada won it's first ever Olympic Medal at the 2012 London Games when Kirani James won the Men's 400m sprint. The win made Grenada (110,000) the least populous country to win a Summer Olympics Gold Medal.
5 cents
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The decathlon - winning the olympic gold medal in 1984.
While it may vary a great deal depending on the country, in the US there is no tax break for winning a gold medal.
When you win a gold metal it shows that you are the best at the sport in the whole world.