How much do Olympic medalists make? | The Frugalista

How much do Olympic medalists make?

by frugalista on August 22, 2008

I ran across this AWESOME post about how much Olympic medalists get paid for their feats.

Here’s a run down:

Americans:
Gold medalist = $25,000
Silver medalist = $15,000
Bronze medalist = $10,000

Russia Incentives:
Gold medalist: 100,000 euros (US$150,000)
Silver medalist: 60,000 euros (US$90,000)
Bronze medalist: 40,000 euros (US$60,000)

Thai Incentives
Gold medalist = $314,000
Silver medalist = $187,788
Bronze medalist = $125,213

Canada Incentives [in Canadian dollars]
Gold medalist = $20,000
Silver medalist = $15,000
Bronze medalist = $10,000

Kenya Incentives
Gold medalist =  US$11,000
Silver medalist = US$ 7,500
Bronze medalist = US$ 3,700

Ok, so I’m going to start training in Thailand. Is eating basil chicken an Olympic sport?

What do you think about how much these top-tier athletes are being paid for winning medals? For Americans, it seems like you have to be Michael Phelps to really cash in! Are they getting paid too much? Not enough? What would you do with the money if you were a medalist?  Talk to me!

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