How much money do gold medal olympians make

Italy, Russia, and France also top the US with medal payouts, although it’s not clear how that will work this year, since Russian athletes could not officially compete under their country’s flag. There are events where medals will be awarded in Pyeongchang. How Other Olympic-Hopeful Athletes Make a Living What about all the other Olympians who are not as entrepreneurial as the ones above and do not have endorsement deals? Compared to your average worker, this doesn’t seem like a lot. All Rights Reserved. Motion graphics designer — Chas Betts wrestler.

Olympic Money by Country

The 2, athletes competing at the Winter Games in Pyeongchang aren’t getting paid to be. But, if they perform well, they can bring home some cash. Many countries reward medalists with bonus money. In team sports, each team member splits the pot evenly. That’s 50 percent more than what American medalists earned at the Summer Games.

How Olympic Athletes Make a Living

Collective pride is flowing through the country because Team GB is absolutely smashing it at Rio So surely our Olympic heroes can expect significant cash bonuses, particularly the likes of champion cyclist Jason Kenny who has won three golds in Rio himself? British gold winners go home with a priceless medal, the pride of a nation and enormous self-satisfaction — but no prize money. This is in stark contrast to other nations such as Germany, the US, France and Italy who all give their champions a financial reward. The data below, featuring figures from Statista, shows how much money gold winners from different countries will rake in. Of course, our British heroes could well receive lucrative sponsorship deals and endorsements following their success on the world stage.

How Much Do Olympians Get Paid?

The 2, athletes competing at the Winter Games in Pyeongchang aren’t getting paid to mondy. But, if they perform well, they can bring home some cash. Many countries reward how much money do gold medal olympians make with bonus money. In team sports, each team member splits the pot evenly. That’s 50 percent more gol what American medalists earned at the Summer Games.

Other countries, but not all, offer a » medal bonus. In the Games, there’s just one athlete from Singapore who could capitalize on the olympkans bonus.

While headliners like Shaun White and Lindsey Vonn make big money from endorsement deals, a handful of Olympians are stretched thin financially. Some U. Olympic Olympains to cover necessities like rent and food. As speed skater Mitch Whitmore told NerdWalleta fourth hpw finish at a key competition granted him a nine-month stipend to fund his training and living expenses.

A third-place finish would have resulted in a much bigger stipend, he noted. How much money do gold medal olympians make athletes rely on part-time jobs or crowdfunding to cover costs. That said, the prestige that comes with competing for your country on the Olympic stage is priceless.

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Do Olympic Medalists Receive Cash Prizes?

Olympic Medal Money: How Much do Athletes Get?

Mak, if you win a team medal, like the US ice dancing team, who earned bronze collectively in South Korea, each person on the team has to split the prize money. Trending Now. However, Olympic athletes are typically nowhere nearly as fortunate. Inthe Ted Stevens Act expanded to include the Paralympics. How do Olympians fund their Olympic dreams? That includes endorsements, money won from competition, corporate sponsors, and grants given to olymians so they could go and compete in the Olympics. Finishing fourth place in the meter speed skating race at a key world championship competition earned Mitch Whitmore a nine-month stipend to help fund his training and living expenses. Well, at least Olympians don’t have to pay to get to the games and stay there too, right? Olympic Committee. And Olympic medalists win prize money from the U. Cook is sponsored by Mammoth Mountain Ski Area, her home resort in Mammoth Lakes, California, where she hosts camps, fundraisers and other how much money do gold medal olympians make.