How Much Is Winning Gold Worth? Here's Which Countries Pay Their First Place Olympians Six-Figures
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Published 2024-08-02
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0:00 Introduction
0:58 What Does The Payday For Gold, Silver, Or Bronze Look Like?
2:50 Which Countries Pay The Most For Which Medal And Why?
4:37 Podium Meanings And Earnings
6:47 How Do Lesser Known Athletes Afford Training, Equipment, And Medical Expenses
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All Comments (21)
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I hope Forbes sees this as I am saying this for the Philippines. For Paris Gold medalist, 13 million pesos or more than US$200,000 coming from the government as mandated by law for the Php10M and the Php3M from house of the representatives. He will also get a home unit from a prestigious real estate company valued at US$400,000. Another private firm will give close to US$100,000. In addition, Lifetime freebies from various restaurants have announced their gifts. This is just the initial incentives and gifts. When a medalist wins, more will be given. All of which are not endorsement deals, pure gifts from Filipinos to Philippines winning athletes. During the Tokyo Olympics, the sole gold medalist, Hidilyn Diaz received close to Php50M or more than US$900,000.
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If a country rarely has any medalist winners in the past, winning is a huge deal. Sponsors will pay lots of money. During training, they may earn so little.
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in India, PV Sindhu got around $8.7 million dollars (with PPE thats almost $35 million) for her silver medal in olympics in 2016
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Indonesia pays $340.000 for gold medalists. Plus pension. Plus lots of other bonuses.
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The Poland one getting the apartment? Can you clarify if they get to own it outright ? Or only get to live in it rent free for a period of time?
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USA in ranked no. 1 in debt. Cant afford to pay its athletes
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Philippines offers gold winners roughly 185k usd not yet including housing and free international flights and endorsement deals
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Singapore pays 1 million per gold medal.
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Yes and if I’m not mistaken Americans have to pay taxes on their medals 🏅🥇.
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I think a rel t5x would be a good comparison. But totally agree on the Kef/svs sub comparison.
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Mr. Explicit Cash Bonus is really on a roll here.
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I would take that investment grade diamond, and 1bdrm apt in my nations biggest city over some of those other finanical bonuses. Housing security is huge
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1912 was the last time the olympics made a 100% pure gold medal. In today's market , it's worth $1.4 million Nowadays, olympic gold medals are made out of 90% silver and 10% gold. Which is worth a little over $1500
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Little information.
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i heard the gold is not even really made of gold
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Hong kong horse jockey club pays 6,000,000 hkd for gold medal winner
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So boring people
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Some countries issue diplomatic passports for visa free travel for life
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if you win in the us you should get minimum Bronze 500k Silver 800k Gold 1.5 Million minimum if you do not medal 100k should go to every athlete who competes regardless of winning just representing the US at a High Level You should be compensated There should not be taxes on this income also every athlete should get benefits.
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If i was simon biles i wold move to hong kong. Imagine 800k for each gold medal?
