The conclusion of the 2024 Paris Olympics saw athletes being celebrated not just for their podium finishes but also with substantial financial rewards from their home countries. While the International Olympic Committee (IOC) does not offer prize money, many nations provide significant bonuses and gifts to their medalists.
Here are the top countries rewarding their Olympic champions with the highest amounts of prize money:
Hong Kong
Following an increase in prize money post-Tokyo 2020, Hong Kong now awards 6 million Hong Kong dollars (approx. $768,000) for gold medals. Silver and bronze medallists receive HK$3 million and HK$1.5 million, respectively. With four medals won in swimming and fencing, Hong Kong will distribute a total of $1.9 million to its athletes.
Singapore
Singapore offers substantial rewards with 1 million Singapore dollars (around $745,300) for gold medallists, SG$500,000 ($373,000) for silver medallists, and SG$250,000 ($186,000) for bronze medallists.