Olimpic event will be end. Maybe most of us think, the athlete will become a millionaire after win a gold medal. But do the gold medal athletes make money from the Olympic? Let’s read this article I’ve copy paste from investopedia
Depending on the country you represent, you may get paid if you medal. The United States pays $25,000 bonus to gold medalists, while Australia pays $20,900. If you’re a Russian gold medal athlete, you stand to collect $135,000. Italy pays $182,000 to gold medal winners. Singapore, a country that has never won a gold medal, is offering its athletes $800,000. China only pays $51,000. If you happen to be from the U.K., you get your image on a stamp this year. Although gracing a stamp might be difficult to pass up, more indirect compensation may be waiting for some gold medal athletes. Reuters reports that the marketing value of gold medal athletes depends on the sport and the country, but endorsement deals can be lucrative. An athlete winning gold in London could make upwards of seven figures over the four years leading up to the 2016 games in Rio, with sports like swimming, track and field, and gymnastics attracting the most interest from sponsors.
// Okay some of country pay high and some of them pay less. Surprise found that China pay more than US..
The Olympic Cost
There are thousands of Olympic athletes who will never see a medal, endorsement deals or the slightest bit of fame. Instead, these athletes will spend tens of thousands of dollars training for the games. One athlete reported spending $150,000 just to qualify to attend the Olympics. For those who are older, they often struggle to hold a full-time jobs while training in the sports they love.
The Bottom Line
The thrill and drama of the Olympics is what brings billions of viewers around the world to watch hours of events. Although a small percentage of the athletes will go on to make millions, most will simply come away with stories of their 2012 Olympic experiences. While they may not win medals, just competing is an accomplishment that very few athletes can claim.
I think maybe gold medal not guarantee to become riches especially for sports that not really popular and can attract sponsorship. I dunno what type of sport, maybe you can give me some example at the comment below.
That’s why I’ve heard that some of former athlete sell their Olympic gold.. Maybe the achievement not guarantee they can get a better love.