The International Olympic Committee does not compensate medal winners in monetary. However, there are several ways for medal winners from other nations to receive compensation for their efforts.
Cash, real estate, and even more peculiar rewards, such as cattle, are common forms of compensation for sportsmen from both public and private entities. This year, for instance, World Athletics will be the first international federation to offer prize money at an Olympic Games; the organization announced in April that the track and field gold medalists would get $50,000.
July 26–August 11 will be the dates of the Paris Olympics.
Some nations’ methods for rewarding outstanding performance are as follows.
Indonesian badminton duo Greysia Polii and Apriyani Rahayu, who won a gold medal at the 2021 Tokyo Olympics, reportedly received a new home, five cows, and a meatball joint as gifts. The government also presented the couple with almost $350,000 in reward money.
Winners of Hong Kong’s individual events at the 2024 Olympic Games in Paris will receive $768,000.
Malaysia’s Youth and Sports Minister Hannah Yeoh announced a sponsorship deal with an unknown carmaker that would provide national athletes with a foreign-made automobile if they reach the Olympic podium.
The Ministry of Culture and Sports provides an apartment to a Kazakh athlete who podiums in their event. The size of the place depends on whether the athlete is old, Silver, or Bronze— three rooms for the gold, two rooms for the silver, and one room for the bronze.
Olympic medalists from Singapore’s National Olympic Council offers individual Olympic gold medalists a stipend of one million Singapore dollars, or over $744,000. Medalists in the silver and bronze categories may expect to receive around $372,000 and $186,000, respectively.
Medalists in the 2024 Summer Olympics in Paris will be eligible for monetary awards from a number of countries, including Italy, Morocco, and Estonia.
Americans will certainly, at the very least, get a Wheaties box endorsement, which is probably worth more than the rewards from every other country.
