Yes, they receive a bonus from the USOC (United States Olympic Committee).
I believe that a Gold medal winner receives $25,000; Silver is $15,000; Bronze is $10,000.
Does Michael Phelps get paid for all of his medals? I don't know.
No, the IOC does not pay medal winners.
In the United States, money paid to Olympic medal winners is taxable. Other countries' laws may vary.
$15,000
not in a million years will a Olympic win cash money
The International Olympic Committee does not award cash prizes to the winners. Many countries, however, do offer cash prizes and other incentives to medalists. In 2012, American competitors who won Olympic medals were rewarded in cash by the US Olympic Committee. Gold medal winners received $25,000, Silver medal winners received $15,000, and Bronze medal winners received $10,000. However, the real money is earned through commercial endorsements. Some Olympians get paid a performance bonus from sponsors for winning a medal and may sign commercial endorsements that could wind up paying them millions.
There are hundreds of Olympic gold medal winners alive as of 2013.
That will be based on the country. The US Olympic committee pays an award bonus of $25,000 for a gold medal.
Yeah lots of money?!!..
Refer to the following link for the full list of members.
no
In modern Olympic, the first-places winners got gold medal ,the second-places winners got silver medal and the third-places winners got bronce medal. In ancient Olympic, the winner got olive branches.
USA