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CEOWORLD magazine - Latest - Special Reports - Revealed: These Countries Pay Their Olympians For Winning Gold Medals, 2024

Special Reports

Revealed: These Countries Pay Their Olympians For Winning Gold Medals, 2024

Olympics

Some countries provide cash rewards to Olympic medalists, though the International Olympic Committee doesn’t. Singapore is known to offer one of the highest gold medal payouts in Olympic history, with gold medalists earning around $737,000 and bronze medalists receiving over $184,000. On the other hand, the United States pays about $37,500 for a gold medal, which is significantly lower than other countries’ payouts. It’s unclear why this is the case, but it could be due to the need to distribute the winner’s budget among all team members.

These Countries Pay Their Olympians For Winning Gold Medals

RankCountryGold MedalSilver MedalBronze Medal
1 Singapore$737,000 $369,000 $184,000
2Taiwan$720,000 $251,000 $178,000
3 Hong Kong$642,500 $321,250 $160,625
4 Thailand$365,150 $219,090 $146,060
5 Indonesia$346,000 $138,500 $69,250
6 Kazakhstan$250,000 $150,000 $75,000
7 Malaysia$236,000 $71,000 $24,000
8 Azerbaijan$235,000 $117,500 $58,750
9 Morocco$225,067 $140,667 $84,400
10 Italy$213,000 $107,000 $71,000
11 Philippines$200,000 $100,000 $40,000
12 Hungary$168,000 $126,000 $96,000
13 Lithuania$144,793 $72,397 $54,238
14 Kosovo$118,683 $71,210 $47,473
15 Estonia$117,500 $82,250 $52,875
16 Spain$111,562 $56,968 $35,605
17 Bulgaria$91,008 $72,806 $54,605
18 Serbia$71,210 $59,342 $47,473
19 Russia$61,000 $38,000 $26,000
20 Finland$59,342 $35,605 $23,737
21 Slovakia$59,342 $47,473 $35,605
22 South Korea$54,767 $30,426 $21,733
23 Brazil$49,000 $29,000 $20,000
24 Japan$45,000 $18,000 $9,000
25 Switzerland$44,171 $33,129 $22,086
26 United States$37,500 $22,500 $15,000
27 South Africa$37,000 $19,000 $7,000
28 Liechtenstein$27,602 $22,082 $16,561
29 Slovenia$23,737 $20,770 $17,802
30 Germany$22,000 $17,000 $11,000
31 Austria$18,296 $14,000 $11,838
32 Canada$16,000 $12,000 $8,000
33 Denmark$15,962 $11,971 $7,981
34 Australia$15,000 $11,000 $7,000

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CEOWORLD magazine - Latest - Special Reports - Revealed: These Countries Pay Their Olympians For Winning Gold Medals, 2024

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National Reporting Fellow at CEOWORLD magazine. I am a determined writer and editor with a combination of "old-school" journalistic instincts from the pre-web days and the savvy digital journalism of the 21st Century. I have the ability to connect with the audience through transparent and effective prose. My natural storytelling abilities have been recognized and praised by a newspaper association. My career mission is to build profitable newsrooms that empower journalists to create their best work.