The International Olympic comitte in general do not pay athletes extra cash for wining a medal but a particular country can decide to do so.
Most Olympians earn nothing for Olympic competition. Many countries’ Olympic teams, including the United States’, provide travel expenses to Olympic competitors, but even these funds don’t come directly from the government, rather a pool of private and corporate donors.
The only direct income a few Olympians receive for their competition is from corporate sponsorships. For an A-list Olympian like Michael Phelps, that means plenty of dough to support himself while he trains and competes from companies like Speedo. And, in addition to regular sponsorships, the swimwear outfit paid Phelps $1 million for breaking the 1972 record for seven gold medals in a single Olympics. He used the money to start a charity.
Here are the list of some countries who pay athletes for medals,
COUNTRY AMOUNT
1. ITALY $182,000
2. CHINA $78,000.
3. CANADA $20,000 for gold, $15,000 for silver and $10,000 for bronze
4. FRANCE $65,000
5. RUSSIA $135,000 for gold, $81,000 for silver and $54,000 for bronze
6. GERMANY $20,000
7. BRITAIN Athletes may be immortalized on stamps and could earn $16,000 for that.
8. USA $25,000 for gold, $15,000 for silver, and $10,000 for bronze medals.
Most Olympians earn nothing for Olympic competition. Many countries’ Olympic teams, including the United States’, provide travel expenses to Olympic competitors, but even these funds don’t come directly from the government, rather a pool of private and corporate donors.
The only direct income a few Olympians receive for their competition is from corporate sponsorships. For an A-list Olympian like Michael Phelps, that means plenty of dough to support himself while he trains and competes from companies like Speedo. And, in addition to regular sponsorships, the swimwear outfit paid Phelps $1 million for breaking the 1972 record for seven gold medals in a single Olympics. He used the money to start a charity.
Here are the list of some countries who pay athletes for medals,
COUNTRY AMOUNT
1. ITALY $182,000
2. CHINA $78,000.
3. CANADA $20,000 for gold, $15,000 for silver and $10,000 for bronze
4. FRANCE $65,000
5. RUSSIA $135,000 for gold, $81,000 for silver and $54,000 for bronze
6. GERMANY $20,000
7. BRITAIN Athletes may be immortalized on stamps and could earn $16,000 for that.
8. USA $25,000 for gold, $15,000 for silver, and $10,000 for bronze medals.
