Technology News. China, for its part, rewards their top players with $31,400 per gold medal, while the United States gives out $25,000 for each gold medalist. Phelps has signed deals with Visa, Under Armour, Hilton, Subway, AT&T and several more big-name companies. For countries who have been struggling to clinch at least a gold or two, governments offer a much higher incentive. Italy, Russia and France give each of their gold medalists $180,000, $135,000 and $65,000, respectively. The very top athletes however get big, big sponsor deals. Some countries like Azerbaijan will pay $510,000 for a gold (they’ve never had to break the seal on that) while others like Italy can and do pay $180,000 for a gold. Originally Answered: What’s the value of an Olympic gold medal? It’s free. Repost…. Silver medalists are awarded 7,500,000 Indian rupees, or about $112,000, and the bronze medalists are awarded 5,000,000 Indian rupees, or about $75,000. How Much Money Has Every Call of Duty Game Made? Stefania Belmondo of Italy benefits from a similar lopsided pay scale. The tables below show the breakdown. At least one valid email address is required. Olympic medal money varies by country but in the U.S. athletes make $25K for gold, $15K for silver and $10K for bronze, plus millions in endorsements. A Singaporean athlete can get a whopping 1 million Singapore dollars, or $746,000, for winning gold under its Multi-Million Dollar Awards Program. In general, nations that normally have a lot of Olympic success tend to cut back on the payments accordingly (even if the U.K. took it to the extreme), and those that have had less glory are prepared to be very generous. In Kazakhstan, gold medal winners reportedly receive 86 million Kazakhstani tenge, or around $250,000. Many countries reward medalists with bonus money. News, advice and insights for the most interesting man in the room. That’s 23 gold, 3 silver and 2 bronze. And awesome. Olympic athletes from different countries compete for their home nation’s glory, honor and pride, so it’s just right that they get rewarded for their hard work, especially if they get the Olympic gold. Will Northern Ireland’s Hard-Earned Peace Be Shattered by Brexit? With a minimum six grams of gold and a large chunk of silver, the pithy answer is about £450. What you may find interesting is that some of the lesser-publicized winners still get a payout from their country’s Olympic committee. However, Great Britain doesn’t award their athletes any money. © NextShark INC. 2018. U.S. Olympians, for example, earned $37,500 for … Chilean artist Jorge Selarón's tribute to the people of Brazil. The biggest in the U.S. is Michael Phelps. If Ahn had the same medal count as Phelps, he’d have $2.48 million on Olympic prize money. That Olympic medal money only goes to U.S. athletes as a bonus for winning. Hi Steve. That’s because three of his four medals were gold, which in Russia pays $135,000 each. How Much Money Does Walmart Make in a Year? On the lower end of the scale, countries like Australia and Canada only award their gold medalists $15,000 each. Now to South Korea: Able-bodied males are expected to serve a 21-month tour of duty in the military by the time they turn 28—and if you’re an Olympian, it’s hard to argue you aren’t able-bodied. ), Thailand: $287,000 (also reported as $314,000), Singapore: $1,000,000, up from $746,000 in 2016 (As if Singapore’s Joseph Schooling didn’t already have reason to celebrate after topping Phelps in the 100m Butterfly.). ), South Korea: $55,000 (The special bonus will be explained momentarily. (Michael Phelps’ net worth is estimated at at least $50 million, and he didn’t earn that by giving swimming lessons on the side.) The private sector often adds cash prizes too, usually amounting to additional millions of Thai baht. Most don’t do as well. Athletes with the Most Olympic Money (since 2000). He has made an estimated $94 million in endorsement deals since 2001. During their service, soldiers earn a stipend of $120 a month. It’s not onl… https://t.co/AdTG1xhSK8 pic.twitter.com/uB1fmd1KA1, — Ryan Lochte (@RyanLochte) July 27, 2016. Most Olympians, of course, will not be champs; and the ones who do reach the top of their game will still never end up with endorsement deals, because their sports are simply too obscure. The five top-earning Olympians since 2000 are shown in the table below. @poloralphlauren "Ryan is the most natural swimmer I’ve ever seen.