How Much Money Olympic Athletes Earn for Getting Medals

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There are few things more patriotic than winning an Olympic medal for your country, but what do these athletes actually earn? You have to remember training for the Olympics is a full-time job in itself. The A-list athletes are earning a great deal of money from sponsors and other endorsements. Most athletes will have travel expenses covered, but most of the time these funds are not being covered by governments. Rather, corporate and private donors handle the bill. Money Under 30 collected how much certain countries pay their Olympic athletes per medal (Based on 08/09/2016 exchange rates and rounded to nearest 1,000). Hopefully, for some of these countries, the athlete lands a pretty significant sponsorship deal and makes a little more for their commitment. Although, you can’t put a price on glory.

Singapore
Gold: $741,000 USD
Silver: $371,000 USD
Bronze: $185,000 USD

Indonesia
Gold: $381,000 USD
Silver: $152,000 USD
Bronze: $76,000 USD

Kazakhstan
Gold: $250,000 USD
Silver: $150,000 USD
Bronze: $75,000 USD

Azerbaijan
Gold: $248,000 USD
Silver: $124,000 USD
Bronze: $62,000 USD

Italy
Gold: $166,000 USD
Silver: $83,000 USD
Bronze: $55,000 USD

Hungary
Gold: $125,000 USD
Silver: $89,000 USD
Bronze: $71,000 USD

Russia
Gold: $61,000 USD
Silver: $38,000 USD
Bronze: $26,000 USD

France
Gold: $55,000 USD
Silver: $22,000 USD
Bronze: $14,000 USD

South Africa
Gold: $37,000 USD
Silver: $19,000 USD
Bronze: $7,000 USD

USA
Gold: $25,000 USD
Silver: $15,000 USD
Bronze: $10,000 USD

Germany
Gold: $22,000 USD
Silver: $17,000 USD
Bronze: $11,000 USD

Canada

Gold: $15,000 USD
Silver: $11,000 USD
Bronze: $8,000 USD

SOURCE: http://www.moneyunder30.com/how-much-do-olympic-athletes-earn-unless-youre-michael-phelps-not-enough

 

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