Newly-crowned Olympic champions from Paris 2024 don’t simply win bragging rights–nationwide Olympic committees (NOC) or nationwide governments from across the globe reward the achievements of their star athletes with a money prize. With the bills that go into being an elite athlete, these funds can go a good distance in supporting their athletic endeavours and inspiring additional successes in sport. The prize pot isn’t standardized between international locations, so how a lot they earn is extremely depending on the athlete’s nationality.
In Canada, an Olympic gold medallist is rewarded CAD 20,000 via the Canadian Olympic Committee’s Athlete Excellence Fund. The identical achievement pays considerably higher throughout the border–Group USA’s NOC provides CAD 47,100 to their champions from Paris 2024.
Making each of those prize pots appear negligible are the six-figure rewards supplied by some nations; France, Spain, Malaysia, Republic of Kazakhstan, Morocco, Hungary, Kosovo, Estonia, Israel and Indonesia are all gifting greater than CAD 100,000 to their gold medallists. Even Indonesia’s CAD 400,000 money prize appears minuscule compared to the $1,000,000 gold medal prize pot supplied by Hong Kong and Singapore.
Taiwan’s gold-medal program might one-up all the remaining; Olympic champions obtain CAD 818,000 initially, and $5,400 month-to-month for all times.
Different nations current athletes with prizes apart from money, akin to livestock, property, companies, automobiles or meals. Nations like Botswana, which noticed their first Olympic gold medal in historical past in Paris, acknowledge the importance of the monumental achievements to the event of sport and accessibility of assets within the nation–going so far as giving the complete nation a half-day vacation on Aug. 9 to rejoice their newly-minted 200m Olympic champion, Letsile Tebogo.
For successful Gold within the males’s 200m, that is what Tebogo is getting.
1. A 4 bed room home from the Botswana Authorities
2. 1 million Pula ($75,000) from a neighborhood firm
3. $3,600 for reaching the ultimate of the 100m and 200m
4. Nationwide Vacation on his identify
5. General, he’s… pic.twitter.com/AXwDXOn5d6— Fentuo Tahiru Fentuo (@Fentuo_) August 9, 2024
For the Paris 2024 Video games, World Athletics turned the primary worldwide governing physique to compensate Olympic champions with a money prize, promising the first-place finishers in every track-and-field occasion a whopping USD 50,000 (CAD 68,172) to take residence alongside their gold medal and nation’s prize pot.
Some international locations, akin to the UK, Norway and Sweden, supply no reward for his or her athletes who convey residence an Olympic gold medal.
