0
USA - $25,000
The USOC gives $25,000 for gold, $15,000 for silver and $10,000 for bronze. That's not really alot of money compared to Singapore.
You'd wish you are a Singaporian or Philippino to get the most out of your Olympic gold medal. The following is a list of bonus offered by different countries, feel free to rectify or add to the list:
Singapore - $708,800 (SGD 1 million)
Philippines - $340,909
Philippine President Gloria Macapagal-Arroyo on Friday raised the Olympic incentive to 15 million pesos (340,909 U.S. dollars) for any Filipino athlete who gets a gold medal in Beijing.
Malaysia - $307,000
Malaysia, which has never won an Olympic gold medal, is offering a bonus of one million ringgit (307,000 dollars) to any athlete who can bring home the top prize from this year's Beijing Games.
Thailand - $300,000
Thai gold medallist at the Beijing Olympics will be rewarded of 10 million baht (about 300,000 U.S. dollars), runner-up will get a six million baht bonus and bronze medallist four million baht.
UAE - $272,000
ALSO, KAZAKHSTAN GIVES 250,000$ to Olympic winners.
Also silver medal winners would be paid just over $200,000 while those winning bronze would get $136,000.
Russia - $100,000
Russian gold medallists at the upcoming Beijing Olympics are to get a bonus of 100,000 dollars (63,700 euros), Russian Olympic supremo Leonid Tiagachov said.
Japan - $100,000
Bulgaria - $76,620 (100,000 leva)
Every Bulgarian athlete who wins a gold medal at the Beijing 2008 Olympic Games will receive a 100 000 leva bonus from the Bulgarian state.
Israel - $67,500 (NIS 240,000)
The IOC also announced on Monday that any sportsman who will set a new personal best at Beijing will receive a bonus of NIS 10,000. A winner of a gold medal will be awarded NIS 240,000.
China - $51,000 (350,000 yuan)
Central sports officials in China have not said how high the bonuses they give will be, but the Chinese-language Sports Weekly reported they are likely to hand gold medal winners 350,000 yuan ($51,000) each, plus big payments shared out from sponsors.
Dominican Republic - $30,000
Winners could also get a car. It is the first time the Dominican government has made such an offer.
USA - $25,000
The USOC gives $25,000 for gold, $15,000 for silver and $10,000 for bronze
Australia - $20,000
AUSTRALIAN Olympians are expected to get a $20,000 government bonus for gold medals at Beijing - less than winners from the USA, Japan, Germany, Israel, Thailand, Malaysia, Greece and Russia.
They receive no money from the Olympics. However a win will certainly lead to some sort of endorsement deal with advertisers. The only consideration they receive is the medal. If you consider the value of the gold medal as "payment", it is worth something, but not much.
The gold medal is not solid gold. The value of a gold medal, made according to Olympic Charter specifications, which contains 6 grams of gold with the rest being silver is about 500 to 600 US dollars depending on the market prices of gold and silver.
The athletes of the United States Olympic team do not earn any money regardless of how many medals they earned. After they earned the metals it is possible for them to receive endorsements for different types of products, because of their notoriety.
25,000 for gold
15,000 for Silver
10,000 for Bronze
As reported by the USOC
Add your answer:
Earn +20 pts
Does the IOC pay Olympic medal winners money?
No, the IOC does not pay medal winners.
How much money does an athelete get for a gold medal?
Olympic athletes do not get paid for the medals they win. They do not receive pay for participating. U.S. medalists receive cash prizes from the U.S. Olympic committee. Gold medal winners receive $25,000, silver medal winners receive $15,000, and bronze medal winners receive $10,000.
Is the money paid olympic winners get paid taxed?
In the United States, money paid to Olympic medal winners is taxable. Other countries' laws may vary.
What prizes do olympic winners receive?
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.
Do olympic medal winners with multiple medals awarded money per medal or is it one award?
i think they are awarded for each medal... i think they are awarded for each medal...
Do USA olympic winners receive free college or any other benefit?
not in a million years will a Olympic win cash money
Us olympic winners get money?
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.
Do the winners of an Olympic event get a cash prize along with a medal?
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.
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.
Can amateur gold medal winners accept money?
Yes
What gifts do gold medal winners get?
For Olympics Money I think gold is 30k.
Does a gold medalist get money?
For Canadians there has been a set up , a fund of which is called Athlete Excellence Fund that was created by the Canadian Olympic Committee. Canadian athletes will receive a $20,000 dollar monetary compensation for any gold medal won at the Olympics games , in the future (including Beijing). Silver winners will be compensated $15,000 dollars per medal; and bronze winners will earn $10,000 dollars.
