Salary and Pay Rates

How much money does an Olympic gold medalist earn?

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February 10, 2014 8:48PM

USA - $25,000

The USOC gives $25,000 for gold, $15,000 for silver and $10,000 for bronze. That's not really alot of money compared to Singapore.

You'd wish you are a Singaporian or Philippino to get the most out of your Olympic gold medal. The following is a list of bonus offered by different countries, feel free to rectify or add to the list:

Singapore - $708,800 (SGD 1 million)

Philippines - $340,909

Philippine President Gloria Macapagal-Arroyo on Friday raised the Olympic incentive to 15 million pesos (340,909 U.S. dollars) for any Filipino athlete who gets a gold medal in Beijing.

Malaysia - $307,000

Malaysia, which has never won an Olympic gold medal, is offering a bonus of one million ringgit (307,000 dollars) to any athlete who can bring home the top prize from this year's Beijing Games.

Thailand - $300,000

Thai gold medallist at the Beijing Olympics will be rewarded of 10 million baht (about 300,000 U.S. dollars), runner-up will get a six million baht bonus and bronze medallist four million baht.

UAE - $272,000

ALSO, KAZAKHSTAN GIVES 250,000$ to Olympic winners.

Also silver medal winners would be paid just over $200,000 while those winning bronze would get $136,000.

Russia - $100,000

Russian gold medallists at the upcoming Beijing Olympics are to get a bonus of 100,000 dollars (63,700 euros), Russian Olympic supremo Leonid Tiagachov said.

Japan - $100,000

Bulgaria - $76,620 (100,000 leva)

Every Bulgarian athlete who wins a gold medal at the Beijing 2008 Olympic Games will receive a 100 000 leva bonus from the Bulgarian state.

Israel - $67,500 (NIS 240,000)

The IOC also announced on Monday that any sportsman who will set a new personal best at Beijing will receive a bonus of NIS 10,000. A winner of a gold medal will be awarded NIS 240,000.

China - $51,000 (350,000 yuan)

Central sports officials in China have not said how high the bonuses they give will be, but the Chinese-language Sports Weekly reported they are likely to hand gold medal winners 350,000 yuan ($51,000) each, plus big payments shared out from sponsors.

Dominican Republic - $30,000

Winners could also get a car. It is the first time the Dominican government has made such an offer.

USA - $25,000

The USOC gives $25,000 for gold, $15,000 for silver and $10,000 for bronze

Australia - $20,000

AUSTRALIAN Olympians are expected to get a $20,000 government bonus for gold medals at Beijing - less than winners from the USA, Japan, Germany, Israel, Thailand, Malaysia, Greece and Russia.