how much do russian olympic athletes get paid

how much do russian olympic athletes get paid

So, not only is there an incentive to stand on the pedestal in order to have your name etched in Olympic history, but the athletes also look forward to the cash prize that comes with it. Slate is published by The Slate Group, a Graham Holdings Company. Another source of income is through endorsement deals. She was the first American woman to win medals in both the Summer and Winter Olympics. Is it all worth it? Narrator: That's because unless they win a medal, Olympians don't get paid for competing at the games. These numbers are a hefty 50% increase from what American athletes earned at the 2016 Summer Games, per CNBC. Athletes from bigger, more competitive countries receive stipends or training grants from their national sports associations. Spending around a month in the Olympic village can be costly for Olympic athletes. However, if an athlete earns a medal, there is a medal bonus attached to it. I worked at Panera, a bank. Naomi Osaka of Team Japan serves during her Women's Singles Third Round match against Marketa Vondrousova of Team Czech Republic on day four of the Tokyo 2020 Olympic Games at Ariake Tennis Park on July 27, 2021 in Tokyo, Japan. Or steeplechase. As a result, some countries have instituted government-backed incentives for medal winners, to encourage greater participation and, in turn, the drive to win national bragging rights. Malaysia diver Yan Yee Ng during the three-meter springboard preliminary round on July 30. Parthasarathi pointed out that one profitable career move for someathletesis to go into coaching after retirement as people are willing to pay a premium for former Olympians. According to the USOPC website, U.S. Olympians will earn $37,500 for each gold medal at the 2020 Olympics, $22,500 for a . That makes its bonuses all the more eye-popping: Paying roughly $212,000 per gold, $106,000 per silver and $71,000 per bronze at last summers exchange rateand the same for athletes in team eventsthe nation shelled out more than $9 million for its haul in Tokyo. I never earned less than $250,000. The IOC has recently eased Rule 40, which prohibited athletes from making money off their image rights before, during, and after the Olympics. US Olympians . More than 600 U.S. athletes are competing at the Tokyo Olympics, and the United States has so far won 11 gold, 11 silver and 9 bronze. There are other forms of support for U.S. Olympians, as well, including health insurance that's provided courtesy of Elite Athlete Health Insurance. Everything was shut down. But most athletes rely on at least a few of these different income boosters: As you'd probably expect, athletes get a sizable check for winning an event in their sport. "You want it to just be about the competition," he told CNBC, "but. Although the medal bonuses help, it is not enough money to live off of, especially when the Olympic Games only occur every four years. If there are any other additional costs not covered by the committee, athletes must look to their sponsors to cover the expenses. The Russian Olympic Committees theme song when winning gold is Tchaikovskys Piano Concerto No. There's times where I don't even have money in my bank account. Most Team USA athletes are not represented by sports agents and some have no sponsors or endorsements at all, according to a Forbes report. [23] The money, however, is taxable and the medal winner is obligated to make a donation back into the sport they are representing. That's being rich. In places like Singapore, India and elsewhere, many of the national sporting initiatives are driven by governments that sometimes use higher monetary rewards to encourage a growing sporting culture, he told CNBC. So, the Chinese medalists will at least be fashionable. A Kazakhstan government official announced this month that gold-medal winners would receive$250,000, silver medalists $150,000 and bronze medalists $75,000. CAD $20,000, CAD $15,000, CAD $10,000, for Gold, Silver, and Bronze, respectively. The Olympians were presented with their brand new set of wheels at a ceremony on Thursday, which was also attended by Prime Minister Dmitry Medvedev, Interfax . The United States is one of them. Shes not the only one taking home an extracurricular prize, either. But her winnings didnt stop there. A gold medal is worth $37,500, a silver medal is worth $22,500 and a bronze medal is worth $15,000. Some other countries similarly offer pensions to medalists, including Croatia, which has had more success on the snow, with 11 medals in its Winter Olympic history. Others draw regular salary by holding a variety of jobs. Good Housekeeping participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. Narrator: So how do Olympians make money, and why isn't it enough? Off the field, the gold medalist works as a professional makeup artist and has a motivational sports camp in the works called "You Throw Girl.". However, if an athlete earns a medal, there is a medal bonus attached to it. How Olympians make money, explained. Olympic athletes do not get paid by just attending the Olympic Games. By Caroline Picard Aug 16, 2016 Save Article New! Aaron: It kind of puts a chip on my shoulder to go even harder, to compete at the best and compete with the best so that I can take myself out of this position. 0. A U.S. Olympic athlete, for example, receives $37,500 US for each gold medal in Tokyo, plus $22,500 for silver. There are equipment costs, coaching costs, training costs, medical costs and more, leaving athletes to scrounge for cash from sponsors and grants. If they somehow manage to claim a gold medal, they will be eligible for a one-time payment of about $238,000 from the government, plus a lifetime monthly allowance of roughly $1,200. The U.S. lands in the middle of the pack on the global medal-bonus spectrum, based on Forbes reporting, paying more than twice as much for gold as countries like Australia and Canada and roughly half as much as nations like France and Romania. Still, the lucky few who manage to climb the Olympic podium could be in line for a hefty bonus checkas long as theyre from the right place. In addition, the Kosovo Olympic committee plans to offer its own reward to the gold medalists, with the sum still being decided, a committee official tells Forbes. All rights reserved. The U.S. Olympic Committee pays $37,500 for a gold medal, $22,500 for a silver, and $15,000 for a bronze. But there's a lot of expenses associated with being an athlete, because you are in fact a business, and a business has overhead. NBA, I mean, we don't even have to cover that one. To date, though, athletes have always received the maximum, the government says. AZN 400,000, AZN 200,000, and AZN 100,000, for Gold, Silver, and Bronze, respectively in 2016 Rio Olympics. Roughly 60% of Team USA's athletes in Tokyo made less than $25,000 a year, according to Forbes. Silver medalists get $22,400, while bronze medalists get $15,000, as per Forbes. The United States Olympic Committee awards cash prizes of $25,000 for gold, $15,000 for silver, and $10,000 for bronze. It's the niche sports that really struggle the most. For example, speed skater Mitch Whitmore said he received a nine-month stipend that paid for his training and living expenses after finishing fourth in a 2017 competition. The U.S. Olympic and Paralympic Committee rewards athletes $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze. 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 win at the Olympics. Narrator: But most athletes have to take on part-time work. Narrator: Coaches can cost more than $100 an hour. Estimates put his net worth at around $55 million. Olympians typically receive monetary, and sometimes non-monetary, rewards from their countries for winning a place on the podium. The United States pays a handsome fee per medal: $37,500 for each gold medal, $22,500 for each silver medal, and $15,000 for each bronze medal. I feel like I am one of the best in America. Create an account and youll be able to save and revisit articles. Olympic athletes do not get paid by just attending the Olympic Games. Most of that prize money is not taxable unless athletes report gross income that exceeds $1 million. How London laid the groundwork for sustainable sporting architecture, Filipino weightlifter Hidilyn Diaz the country's first Olympic gold medalist, Diaz will reportedly receive at least 33 million Philippine pesos, U.S. athletes also receive other forms of support, reportedly made $55 million from endorsements in 12 months, NFL replaces Pro Bowl with weeklong skills competitions and a flag football game, The mindset that helped a marathoner become one of the country's best in just 4 years: 'Working harder isn't necessarily better', Fanatics wants to be a $100 billion company here's how it plans to get there. To watch & listen the FULL Podcast check out the links belowListen on Spotify - https://open.spotify.com/show/5JQu91FRevsm4GSPr8JbYBListen on Apple Podcasts . Russia Russia, this year's Winter Olympics host country, treats their athletes well. Great Britain, New Zealand, Norway and Sweden, for example, dont provide any extra pay for medals, and neither do smaller delegations like Saint Kitts and Nevis, Tonga or the U.S. Virgin Islands. Multiple Korean athletes have already earned themselves a pass in Tokyo: 17-year-old Kim Je-deok, who won multiple medals in the archery competition; the gold-winning fencers on the mens sabre team; and gymnast Shin Jea-hwan, who took home the gold in mens vault. Phil thinks that some of the funding for Team USA should come from the US government. If competitors have an audience of a few million followers, that's usually enough to attract advertisers' interest. So if you earn a medal at the Olympic Games, there's prize money for the top three places there. But a recent global study of 500 elite athletes found that nearly 60% did not consider themselves financially stable. So, they sold emwhich while totally understandable, feels a little like kicking a gift horse in the mouth.) The Winter Olympics take place in Beijing, China this month with nearly 3,000 total athletes traveling to the games. Playing sports can be lucrative for some people - even if they don't . Become a GH+ member to read and save unlimited articles. UK Sport's funding for Olympic and Paralympic sport for the Tokyo cycle is 374 million, with 69 per cent from Lottery money, and 31 per cent from the government. It gives medalists a lifetime allowance starting at age 45: 100% of the average net salary in the country for gold medalists (roughly $1,100 in 2021), falling to 80% for silver medalists and 60% for bronze. This is just the second Winter Games for Malaysia, which will be represented by skiers Aruwin Salehhuddin and Jeffrey Webb. Take the example of Sangmoon Baea two-time winner on the PGA Tourwho had to enlist in the military in 2015. .css-26w0xw{display:block;font-family:NationalBold,Helvetica,Arial,Sans-serif;font-weight:bold;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-26w0xw:hover{color:link-hover;}}@media(max-width: 48rem){.css-26w0xw{font-size:1.18581rem;line-height:1.2;margin-bottom:0.625rem;}}@media(min-width: 40.625rem){.css-26w0xw{line-height:1.2;}}@media(min-width: 48rem){.css-26w0xw{font-size:1.28598rem;line-height:1.2;margin-bottom:0rem;}}@media(min-width: 64rem){.css-26w0xw{font-size:1.575rem;line-height:1.1;margin-bottom:-0.5rem;}}Jenna Dewan Has Legs, Butt In Pole Dancing IG, Sharon Stone, 64, Flaunts Abs In String Bikini IG, Madelaine Petsch Frees The Nip With Epic Abs On IG, Kerry Washington Is So Toned In Naked Dress Photos, Simone Biles Has A Toned Butt In Bikini IG Pics, Riley Keough Flaunts Her Abs In A Crop Top On IG, Elizabeth Hurley Has A Toned Butt In A Bikini IG, Elsa Pataky Rocks Curly Hair And Epic Legs On IG, Halsey Has Sculpted Abs In Nipple-Baring Dress Pic, Madonna Has Legs In Fishnets In IG Pics, Christina Hendricks Flaunts Strong Legs In IG Pics, Gisele Bndchen Shared Her Yoga Moves In New IG. That's wealth. Tiny Cyprus has competed at every Winter Olympics since 1980, with skier Yianno Kouyoumdjian set to race in Beijing. Here's How To Shop The Dyson Airwrap Restock, 15 Best Amazon Deals to Shop This February, Saatva Just Extended Its Presidents' Day 2023 Sale, 14 TikTok Cleaning Products That Actually Work, The Best Post-Presidents' Day Deals to Shop Now, The Best Amazon Presidents' Day Deals of 2023, 20 Best Presidents' Day Mattress Sales of 2023, The Best Presidents' Day Furniture Deals of 2023, Weve been independently researching and testing products for over 120 years. Finally, athletes can win prize money. But a third-place finish would have guaranteed him a lot more money, he said. As a nod to the rest of the team that made it to Tokyo, every Hong Kong athlete at the Games is also receiving free train rides for a year. 10 Kyle Keith Shewfelt Shewfelt is a gymnast from Canada. Additionally, Olympians can receive an athletic grant or part-time job through the Olympic Job Opportunities Program. He'd been making $10 an hour at a resort, but he gave notice because he couldn't get race . Though again, most of these earnings do not come from medal prizes. 11 on this list for giving its Olympic gold medalists a lifetime allowance of 4,600 euros per year ($5,500), with additional support as they approach retirement age. The monthly cost ranges from $3,810 to $8,208, while the yearly cost ranges from $53,500 to $60,999. For example, retired Jamaican sprinter Usain Bolt has made more than $30 million in one year just from endorsements alone, per AS. The prize for a gold medal is $25,000, $15,000 for a silver medal, and $10,000 for a bronze. This year, athletes will receive up to 142,288 (roughly $159,000) per gold in individual sports, and teams will receive up to 426,862 ($477,000) to divvy up. Latvia will pay Olympians up to a certain amount based on the governments budget. Eighth place is worth 153 BSB, or about $7,000. Olympic athletes do not get paid by just attending the Olympic Games. Other Filipino companies are giving her thousands more in cash to go along with it. It didnt take long for an athlete to come to collect: Two Kazakhstani competitors won bronze last Saturday, in weightlifting and judo, and another weightlifter followed with a bronze on Monday. In Rio, the first-time Olympian earned a bronze in the men's light flyweight event. The average salary for volleyball players is $45,722. But countries bonus schemes can differ in ways other than the amount. So, the short answer is no, that Olympians don't normally pay for any expenses while competing at the Olympics. A small handful of athletes get paid housing, but not many. By clicking Sign up, you agree to receive marketing emails from Insider We want to hear from you. More than half of U.S. Olympic hopefuls, or 59%, reported making less than $25,000 during the year of their respective Olympics, according to a COVID-19 impact survey distributed to 4,400. In fact, a recent survey conducted by the non-profit Australian Sports Foundation discovered just under half of the 521 athletes questioned were " teetering on the brink of retirement ", taking home less than $23,000 a year. There are a few different types of sponsorships Olympic athletes can sign with. Aaron: If I got to get shoes every two to three months, that's $200, $300. He's the fifth-highest-paid player in the NBA, but the New York Knicks athlete agreed to compete in Rio along with fellow multi-millionaires Kevin Durant, Kyrie Iving and Klay Thompson. Lauryn: During the course of my career, I was really fortunate. (If my Google currency conversion is correct, thats northward of $600,000.) Only GH+ members can save this article. Learn more about our Here, we dive into the math behind 15 Olympians' take-home pay, from hourly wages to multi-million-dollar salaries. review process. So, not only is there an incentive to stand on the pedestal in order to have your name etched in Olympic history, but the athletes also look forward to the cash prize that comes with it. And that's the amount an athlete earns for each medalso let's say you. This is a BETA experience. Some international leaders have taken the prizes to new levels. It's free! You might assume Olympic athletes live in the gym or make $$$ purely through major endorsement deals, but back on American soil many of them have cubicles and coworkers just like you (and if you work at Deloitte or Dick's Sporting Goods, you might even be one of them). The payments extend through the top eight places in each event. But many Olympic medalists. In comparison, the US Olympic and Paralympic Committee shells out around 27,000 for a gold medal, 16k for silver and 10k for bronze. By JOHN LEICESTER - Associated Press. Moments of Olympic glory aren't just paybacks for years of hard work. Compare that to the salary of USA Track & Field's CEO, who earned $1.2 million in 2018. For the Tokyo Olympics, Italian gold medalists receive 180,000 for their victory, with smaller prizes for silver and bronze. Australia, however, offers far less Olympic medal prize money relative to other nations. If you buy through our links, we may earn a commission. You can now save articles. S$1,000,000, S$500,000, S$250,000, for Gold, Silver, and Bronze, respectively. Narrator: Nailing a coveted sponsorship is hard. In 2016, along with straight cash, the Russian government gave away luxury cars, apartments, and a literal racehorse to various winners for the country at the Rio Games. Most athletes who compete at the Olympics can only hope to break even as they hunt for modest stipends and scarce sponsorships that often dont cover the costs of years of training, equipment, medical and travel expenses. Narrator: But there are three main ways they can make money for being an athlete. Aaron: There was meets that I thought I would be able to get in and clean up and make money I didn't have. This year, athletes will receive up to 142,288 (roughly $159,000) per gold in individual sports, and teams will receive up to 426,862 ($477,000) to divvy up. Compared to the Olympics and their large monetary rewards, Paralympic champions historically have not earned as much for each medal finish. However, some individual prizes remain: The Chinese government partnered with Tim Yip (aka Ye Jintian), a renowned visual artist and Oscar-winning designer, to create Champion Dragon Clothes for athletes to wear on the podium. Winning the US Open when I was involved was a $25k payday, and if you are even in the semi-finals (top 32) you are definitely sponsored. Mar 2, 2023 Updated Mar 2, 2023. But now, athletes' sponsors can run certain ads during the Rule 40 period. The 34-year-old rower competed in the men's eight, but he also works as a chemical engineer. We are the only major country in the world, and one of very few countries period, where the government does not get involved in funding its Olympic team. I own a business. Monica started one to fund her way to Tokyo. There are much bigger bucks available, particularly from countries that are still trying to make the Olympic big time and arent expecting to hand out medal bonuses up and down their rosters. She has also been offered two homes and free flights for life, according to reports. The Estonian Olympic Committee bestows roughly $112,000 for each individual-sport gold, $78,000 for silver and $50,000 for bronze. Lauryn Williams: You see someone that's on television all the time and assume all Olympic athletes are famous, all you have to do is get a medal and you'll be rich. For example, a gold winner for Team USA would clinch $37,500 for their efforts while their counterpart in Singapore would receive $737,000 nearly 20 times more. Narrator: They also have a long list of expenses to train for their sport. Team USA skier Jaelin Kauf wins a silver medal for her Womens Mogul run at the 2022 Beijing Olympics. Just like a game show or the lottery, the winnings on Olympic medals are . American Olympians who win a gold medal get awarded $37,500. But many countries do, and while the U.S. and Japan have plenty of company in their general price rangethe individual-gold-medal payouts in Australia, Brazil, Canada, Finland, Portugal, Serbia and Switzerland, to name a few, are in the same ballpark, stretching from about $15,000 to about $70,000they ultimately land on the modest end of the spectrum. They are from endorsement deals. U.S. competitors in the Paralympic Games will earn $7,500 for each gold, $5,250 for each silver, and $3,750 for each bronze. For athletes who win multiple Olympic gold medals, they entitled S$1 million only for the first individual gold medal won at the Games. Olympic coaches can win half as much50,000, 30,000 or 20,000 eurosfor their athletes performances. Another source of funding is prize money. Everyone, that is, except for boxer and former Olympian Floyd Mayweather who earned at least an estimated $80M, possibly more, in just one fight (against Saul "Canelo" Alvarez) alone in 2013. THB12,000,000, THB7,200,000, THB4,800,000, for Gold, Silver, and Bronze, respectively. Even if it was half the income, I don't think that I would for regret one moment having participated in sport. Each member of a medal-winning team is eligible for the same amount as an individual athletegreat news for the Hungarian mens water polo team, a perennial gold-medal threat. US Olympians used to have to pay as much as $8,900 in taxes on a gold medal bonus. UK Olympic medallists have . In comparison, Singapore rewards its gold medalists nearly 20 times more than the U.S. Players who clinch their first individual gold medal for the city-state stand to receive 1 million Singapore dollars ($737,000). Most teams have corporate or private sponsors who pay for the Olympians' costs. 2023 CNBC LLC. The MTR Corporation (Hong Kongs transit rail operator) is also providing the winner with a lifetime of free train rides around the city. Olympic athletes train for years at a time, competing in various events ahead of the Winter Olympics. Athletes can sign personal sponsorship deals to earn money apart from winning medals. It's now up to $30,000. The 19-year-old turned pro last year and has already earned $4 million in endorsement deals from Nike, Kellogg's, Hershey's and Procter & Gamble. As a general rule they will pay for competition entries when an athlete is representing, they . Narrator: In every sport, the USOPC awards a $37,500 medal bonus for gold, $22,500 for silver, and $15,000 for bronze. Weightlifter Hidilyn Diaz snagged the Philippines first-ever Olympic gold on Monday, ending a 97-year drought and securing the roughly $200,000 official prize on offer from the Philippine Sports Commission. Women's Health may earn commission from the links on this page, but we only feature products we believe in. Then there are countries like Greece and Bosnia and Herzegovina, which plan to award bonuses to any athletes who earn medals but will wait until after the fact to determine the exact amounts. Most Olympians, though, aren't multimillionaire athletes like Naomi Osaka, Rory McIlroy or Kevin Durant, so competing at this elite level can be a financial struggle. . Weightlifter Hidilyn Diaz will benefit from this match, as she won the countrys first gold medal ever last weeka feat the country has chased since its first Olympic delegation attended the 1924 Paris Games. How much Olympic athletes earn depends on the sport, which nation they represent, and if they win any medals. But the select few who are able to scale the podium339 sets of medals are set to be awarded at the Tokyo Games, across 33 sportsmay find that their countries are willing to make it all worth their while. Here are the 10 highest paid gymnasts. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032. Some of that money is provided for annual athlete training and stipends. [24], Incentives for Olympic medalists by country, Incentives by Country (USD equivalent in 2021), "Money for medals: Olympic glory can also be very lucrative for athletes from these countries", "Here's how much Olympic athletes earn for winning medals", "These 10 Countries Offer Six-Figure Payouts To Their Olympic Medalists", "Here's How Much Money Olympic Gold Medalists Win in Each Country", "How much money a Canadian Olympian earns versus the rest of the world | Offside", "Canadian Olympic Committee Athlete Excellence Fund (AEF)", "Fencers to receive 200,000 in prize money from Estonian Olympic Committee", "Hong Kong athletes chasing HK$5 million cash carrot for winning gold", "ASEAN nations offer huge rewards to Olympic medalists", "Kazakhstan to give prize money to athletes winning in Olympics", "Duterte adds P100,000 to Filipino Tokyo Olympians' game allowance", "Here's how much athletes around the world earn for Olympic victory", "Foxconn founder suggests Taiwan shower Olympic athletes with cash", "Thai stars kick off quest for Games glory", "Singapore medallists' reward scheme renamed Major Games Award Programme", "Olympic Heroes Honoured At The London 2012 Olympic Games Awards And Appreciation Dinner", "Why is government giving Hidilyn Diaz P10 million? While medal bonuses are the domain of national Olympic committees in many countriesalbeit sometimes with government backingother nations cut out the middleman and disburse the bonuses directly through their sports ministry or another government agency. Like Indonesia, the Malaysian government gives medalists both a one-time payment and a monthly allowance: an upfront check of roughly $237,000 for gold, $71,000 for silver or $24,000 for bronze. Athletes can get stipends directly from the US Olympic & Paralympic Committee or from the groups that run the Olympic sports teams, called the national governing bodies. If you buy through our links, we may earn a commission. Athletes receive between $52,000 to $80,000. (The price tag for a silver is $111,000.) In Slovenia, Olympic gold medalists can collect through both routes: about $22,000 from the national Olympic committee and roughly $62,000 per gold medal from the government. Struggling to get a decent living, Zhang remained homeless and. They've taught, modeled and engineered their way to Rio. And like other countries including. Insuring the Olympics a $2.5 billion affair. Norway, which topped the medal table at the 2018 PyeongChang Olympics with a total of 39, also doesnt pay for medals. For example, tennis star Naomi Osaka reportedly made $55 million from endorsements in 12 months, and was named the highest-paid female athlete ever, according to reports. Narrator: That's because sponsorships don't just depend on the sport. What is known is the amount athletes will make if the win a medal in Tokyo. The money, however, is taxable and the medal winner is obligated to make a donation back into the sport they are representing. Only one of the delegations six athletes in Tokyo still has a shot at that prize this year: 400-meter runner Mohammad Jahir Rayhan, who will be lucky to advance out of the preliminaries. However, if an athlete earns a medal, there is a medal bonus attached to it. Unlike countries such as the UK or Singapore, American Olympians don't get paid to attend the Olympics. Despite his contract with the New England Patriots, Ebner got the a-OK to compete in rugby sevens for the sport's debut in the Olympics. U.S.: $37,500 (It was increased from $25,000 after 2016 and there is now a tax exemption on winnings for athletes without elite earning power. Instead, the ROC winners will be treated to the golden tones of Pyotr Tchaikovskys Piano Concerto No. Kazakhstan weightlifter Zulfiya Chinshanlo competing on July 26. Must be nice to never have to load up your transit card again, although he could afford to after collecting his gold medal ransom. Some countries pay their Olympic athletes money for finishing in the top three. Coaches who are Filipino citizens who personally trained winning Filipino Olympians are also entitled to prize money 50% of the cash incentives for gold, silver, and bronze medalists. Those salaries are RM5,000 ($1,182 USD) for gold, RM3,000 ($709 USD) for silver, and RM2,000 ($473 USD) for bronze. Like the Philippines, Hong Kong also won its first ever gold medal during the 2020 Olympics, in dramatic fashionand the territory decided to break the bank to celebrate. . Beyond receiving monetary and non-monetary rewards from their countries for winning medals, Olympians rely on other revenue streams for their sporting endeavors. Singapore offers the highest known payout for an individual gold medalist at 1 million Singapore dollars, plus rewards of 500,000 for silver medalists and 250,000 for bronze medalists. "Its, 'Sponsor me because look at the money that I brought you last year in these events and this is what I plan to bring you next year.'". Twenty-seven times over, yes, yes, and yes. So it was definitely rough. But, if they do well at the games the athletes can make some serious money.

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