How Much Money Do Olympians Make?

How much money do Olympians make? It depends on a lot of variables: whether they come from rich countries or poor ones, whether they won medals during the Games, whether they compete in the popular sports events, and many other factors.

Anyways, I’ve been blogging about this question for sometime now and I think it’s a good idea to put together the separate posts I’ve made into a single one. This way, those of you who are googling “How much money do Olympians make” will see the bigger picture without needing to go through all the previous entries.

I hope to update this in the future as I come across more information. As you will note, this mainly focuses on the incentives/allowances that athletes receive from their country’s sports authorities. I hope to include the income of Olympians from endorsement deals and sponsorships in a future update.

So here’s our list. Please follow the link for details.

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

Philippine Incentives
Gold medalist = US$220,000

Azerbaijan Incentives:
Gold: AZN 100,000 and NOC–AZN 50,000
Silver: AZN 50,000 and NOC AZN 30,000
Bronze: AZN 25,000 and AZN 20,000

The AZN amounts are converted to the following:
AZN 100,000 = USD 123,777
AZN 50,000 = USD 61,888
AZN 25,000 = USD 30,944

I honestly don’t know the difference between AZN and NOC-AZN.

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)

Slovenia Incentives:
Individual events:
Gold medalist: 39,350 euros (62,920 U.S. dollars)
Silver medalist: 30,400 euros (48,609 dollars)
Bronze medalist: 21,450 euros (34,298 dollars)

Team events:
Gold medalists in team sports will each receive 10,000 euros (15,990 dollars) from the Slovenian Olympic Committee in addition to the one-off 96,750 euros (154,703 dollars) that the state is giving to the whole team

Malaysia Incentives
[Note: These amounts may have already been increased.]
Medal incentives:
Gold = RM160,000 [US$ 49,088.96]
Silver = RM80,000 [US$ 24,544.48]
Bronze = RM40,000 [US$ 12,272.24]

Monthly pension for retired medalists:
Gold medalist = RM3,500
Silver medalist = RM1,500
Bronze medalist = RM1,000

Allowance for Olympic qualifiers:
Monthly allowance = RM1,000 [US$318]

United States Incentives
[Note: This was for the 2004 Olympics]
Gold medalist = $25,000
Silver medalist = $15,000
Bronze medalist = $10,000

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

Australia Incentives
Quote from an official:
“We have a medal incentive scheme which only goes down to number four and the best are getting $18,000.”

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

Palestine Incentives (See our first post below)
Monthly allowance: US$ 100

Argentina Incentives
Olympic qualifiers:
Sportsmen diplomas and scholarships of 4,000 pesos. [US $ 1,326]

*****
How Much Money to Palestinian Olympians Make?

Are you, like us, wondering how much money Olympians make? Specifically, how much financial support do they receive from their country’s sports authorities? And how much do they make from endorsements, if any?

Well, we’ve been wondering about that but can’t find a central source that answers our questions. So what do we do? Well, friends, let’s start a series on the matter by republishing reports we find elsewhere. Hopefully, we can then come up with some kind of a data base that compares the income of Olympians. Okidok?

So let’s kick off the series by looking at how much money Nader Al Masri, the Palestinian runner we featured here, makes. On this issue, here’s what the China Daily says about him:

He gets only $100 a month from the Palestinian Athletics Federation — a sum he says is insufficient for the multi-vitamins, nutritious food and quality running shoes needed to compete at the highest level.

We assume that that’s $100 U.S. We gotta agree that it wouldn’t be enough to cover the things he mentioned, no? So cheers to you Nader for keeping on. And good luck in Beijing, buddy.

Note: We’re just pretending that he’s our buddy because we like to pretend that we are buddies with famous people


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