How much money do you get for winning a gold medal in the Olympics?

How much money do you get for winning a gold medal in the Olympics?

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.

How much money does a gold medal winner get in Kazakhstan?

In Kazakhstan, gold medal winners reportedly receive 86 million Kazakhstani tenge, or around $250,000. Silver wins 50 million KZT ($150,000), while bronze gets 25 million KZT ($75,000).

How much money do gold medalists get in Thailand?

Thailand reportedly guarantees a 10 million baht cash incentive for gold medalists, which is around $287,000. A silver medalist gets 6 million baht, or $172,000. The private sector often adds cash prizes too, usually amounting to additional millions of Thai baht.

How much money does Michael Phelps make per medal?

Phelps has taken 28 medals in all. That’s 23 gold, 3 silver and 2 bronze. That’s the most medals of any Olympian in history. With $25,000 for each gold, plus money for the silvers and bronzes, Phelps has over half a million in Olympic medal money.

What happens to South Koreans who win gold medal in Olympics?

(Stephen Dunn/Allsport/Getty) There is a way out, however: South Koreans who win a gold medal at the Olympics or other international games earn a military service exemption.

Who was the first Irish man to win a gold medal in the Olympics?

They also became the first male Irish gold medallists since boxer Michael Carruth in 1992 after beating Germany by just 0.86 seconds at the Sea Forest Waterway on Thursday. It was O’Donovan’s second Olympic medal after he won silver in the double sculls with brother Gary in Rio.

How much do you get for winning a gold medal in table tennis?

A gold medalist will be paid $744,000 (£535,192), for silver it’s $372,000 (£267,635), and for bronze, it’s $286,000 (£205,762). Singapore’s Yu Mengyu celebrates after winning the table tennis women’s singles quarterfinal match against Japan’s Kasumi Ishikawa at the 2020 Summer Olympics.

How much money has Michael Phelps made from the Olympics?

He has earned $500,000 in Olympic money since 2004. Phelps has taken 28 medals in all. That’s 23 gold, 3 silver and 2 bronze. That’s the most medals of any Olympian in history. With $25,000 for each gold, plus money for the silvers and bronzes, Phelps has over half a million in Olympic medal money.