Olympic athletes from around the world receive a variety of rewards from their home countries for winning medals, apart from the honor of standing on the podium. While the International Olympic Committee does not provide cash prizes for medal winners, countries have taken it upon themselves to celebrate their athletes’ achievements in unique ways. From significant cash rewards, lifetime free transport, to more unconventional prizes such as livestock and land, the compensations vary widely. France, the host country for this year’s games, has earmarked significant funds for their medalists, with gold winners receiving €80,000. In contrast, athletes from China do not receive financial compensation from the state, but Hong Kong athletes are promised a substantial sum and lifetime free transport for securing a medal.
- France has allocated €18 million in compensation for medal winners, with gold medalists receiving €80,000, silver medalists €40,000, and bronze medalists €20,000.
- The United States offers $38,000 for gold medal winners, $23,000 for silver, and $15,000 for bronze.
- Athletes from Hong Kong winning gold will receive approximately $768,000 and lifetime free transport from the city’s MTR rail provider.
- Malaysia’s gold medal winners are set to receive $216,000 plus a foreign-made car.
- After the Tokyo Summer Games, Indonesia awarded its gold medal winners with homes, a plot of land, and livestock.
- Chinese athletes do not receive financial compensation from the state for winning medals.
France 24 is an international television network and news website owned by the French state.
Official website: https://www.france24.com/en/
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