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The Olympics don't give money with the medal, but some country's governments and some private companies reward their athletes with cash for winning. According to http://www.news.com.au/couriermail/story/0,23739,24009223-5014105,00.html Some coutries that give public rewards: Autralia, US, Japan, Germany, Israel, Thailand, Malaysia, Greece and Russia. China (Hong Kong in particular) have private rewards.

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Q: Is there a monetary award with a olympic gold medal?
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Related questions

How much money do the winners in the Olympics get?

The medal winners do not officially get a monetary reward from the Olympic committees. The award depends on the country's Olympic committee and the country's generosity. For example, one country may award a gold medalist with $10,000 whereas another country may award a gold medal with $50,000. Most athletes make their money through endorsement deals and sponsors.


How much do London olympic gold medal winners get paid?

That will be based on the country. The US Olympic committee pays an award bonus of $25,000 for a gold medal.


Gold medal in Beijing olympic?

The gold medal is an award given to the first place winners in Olympic events. The most recent Olympics in China followed in this tradition.


What is the highest award in the Olympics?

The highest award in the Olympics is the gold medal. It is awarded to the first-place finisher in each event.


How much do british athletes get paid for winning gold medals?

Olympic athletes are amateurs. They do not get paid. Britain does not award cash to medal winners. Other countries in the UK might award cash to their medal winners.


What is an Olympic Gold Medal actually made of?

The Olympic gold medal is plated with six grams of pure gold. The medal is mostly silver (92.5%).


What does the olympic gold medal look like?

A round medal with an Olympic logo on it.


When did Nigeria win her first Olympic gold medal?

Nigeria won her first Olympic gold medal in 1876


Is the olympic gold medal actually gold?

No not really the gold medal has 92.5% silver


What does a Nobel prize look like?

A Nobel Prize consists of a diploma, a gold medal, and a monetary award. The diploma and medal are typically awarded in a grand ceremony in Sweden, and the monetary prize varies in amount depending on the category of the prize. The medal features the image of Alfred Nobel, the founder of the Nobel Prizes, and each prize category has a unique design.


How many Olympic gold medal winners are alive as of 2013?

There are hundreds of Olympic gold medal winners alive as of 2013.


What percentage of an Olympic gold medal is made of gold?

The gold medal is 1.34% gold and 92.5% silver.