How Much Do Olympic Athletes Earn For Winning Medals?
July 30, 2021 7:01AM EDT
TOKYO, JAPAN – JULY 29: Bronze Medalist Kliment Kolesnikov of ROC, Gold Medalist Caeleb Dressel of USA, Silver Medalist Kyle Chalmers of Australia during the medals ceremony of the 100m freestyle final on day six of the swimming competition of the Tokyo 2020 Olympic Games at Tokyo Aquatics Centre on July 28, 2021 in Tokyo, Japan. (Photo by Jean Catuffe/Getty Images)
While the International Olympic Committee does not pay prize money to medalists, many countries offer monetary rewards to their athletes for the number of medals they bring home.
If a Team USA athlete grabs a gold, the payday is $37,500; for silver $22,500.
Compare that to Singapore: $737,000 for gold; $369,000 for silver.
Australian athletes are on the lower end with a gold medalist getting $15,000; silver $11,000.
U.S. athletes also receive health insurance, access to top-tier medical facilities, and college tuition assistance.
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