How much is the Tokyo Olympic gold medal worth?Different countries | Olympians | Bonuses

[EpochTimesJuly292021](Epoch Times reporter Xie Jiaxuan comprehensive report) Winning Olympic gold medals is the dream of all contestants. Although the International Olympic Committee does not pay bonuses to medal winners, many countries will The number of medals provides rewards, sometimes even non-monetary rewards. What is the actual value of this gold medal? The following will reveal the “gold medal” quotations of various countries for you.

According to the data obtained by CNBC from national Olympic committees, sports associations, and the personal finance website Money Under 30, the actual bonuses issued by 11 participating countries are sorted below. Let’s take a look at how much money winners from these 11 countries can get home.

1. Kazakhstan

Gold Medal: $250,000 in prize money.

Silver Medal: $150,000 in prize money.

Bronze Medal: USD 75,000 in prize money.

2. Malaysia

Gold Medal: $236,000 in prize money.

Silver Medal: USD 71,000 in prize money.

Bronze Medal: $24,000 in prize money.

3. Italy

Gold Medal: USD 213,000 in prize money.

Silver Medal: $107,000 in prize money.

Bronze Medal: USD 71,000 in prize money.

4. The Philippines

Philippine weightlifter Hidilyn Diaz won the country’s first ever Olympic gold medal at the Tokyo Olympics this week.

According to local media RAPPLER, the Philippine government’s award for the first gold for Dias will include at least 33 million pesos (approximately US$600,000), two houses and free air tickets for life.

Gold medal: 200,000 US dollars bonus.

Silver Medal: $99,000 in prize money.

Bronze Medal: $40,000 in prize money.

5. Hungary

Gold Medal: USD 168,000 in prize money.

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Silver Medal: $126,000 in prize money.

Bronze Medal: $96,000 in prize money.

6. Brazil

Gold Medal: $49,000 in prize money.

Silver Medal: $29,000 in prize money.

Bronze Medal: $20,000 in prize money.

7. Japan

Gold Medal: $45,000 in prize money.

Silver Medal: $18,000 in prize money.

Bronze Medal: $9,000 in prize money.

8. United States (USA)

This time, more than 600 American athletes participated in the Tokyo Olympics. By noon on the 29th Eastern Time, the United States had won 11 gold medals, 11 silver medals and 9 bronze medals. Unless the athletes report a total income of more than $1 million, most of the bonuses do not need to be taxed.

Gold Medal: $37,500 in prize money.

Silver Medal: $22,500 in prize money.

Bronze Medal: $15,000 in prize money.

In addition to the above bonuses, American athletes can also receive financial aid including health insurance, access to top medical facilities and university tuition.

Unmish Parthasarathi, founder of the consultancy Picture Board, said that the U.S. sports economy is mainly driven by the private sector, which enables athletes to turn their talents into cash. In contrast, sports initiatives in many countries such as India Promoted by the government, so the government sometimes uses higher bonuses to encourage the growing sports culture.

9. South Africa

Gold Medal: $37,000 in prize money.

Silver Medal: $19,000 in prize money.

Bronze Medal: $7,000 in prize money.

10. Canada

Gold Medal: $16,000 in prize money.

Silver Medal: $12,000 in prize money.

Bronze Medal: $8,000 bonus.

11. Australia

Gold Medal: $15,000 in prize money.

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Silver Medal: $11,000 in prize money.

Bronze Medal: $7,000 in prize money.

How do American Olympians make money?

In addition to receiving awards from the national government, Olympic athletes also rely on other sources of income for sports activities, including: getting subsidies or training subsidies from the National Sports Association. Outstanding athletes can get bonuses by winning domestic and international competitions, or through Various other jobs receive a fixed salary.

According to “Forbes” reports, most American team athletes do not have sports agents, some have no sponsors or spokespersons at all, and a few athletes may receive millions of dollars in endorsements or sponsorship contracts before the Olympics or after their achievements during the competition. . For example, tennis star Naomi Osaka earned $55 million through endorsements in 12 months and was named the highest-paid female athlete ever.

But profitable transactions are rare and hard to be said to be the norm.

Parasarati, founder of the consulting firm Picture Board, pointed out that some athletes will choose to work as coaches after retirement because people are willing to pay higher prices for former Olympians.

Editor in charge: Li Yuan#

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