Here’s how much medalists are paid at 2022 Beijing Winter Olympics 


Here’s how much medalists are paid at 2022 Beijing Winter Olympics 

Pyeongchang 2018 medalist Izzy Atkin

The 2022 Winter Olympics have been going on in full swing in the capital city of China – Beijing. Some of the top athletes all over the world are sweating hard while giving it their all to ensure a podium finish for their country and win gold, silver, or bronze medals.

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Notably, the Olympians all over the world do indeed get paid for winning medals. However, it is not the International Olympic Committee (IOC) that rewards the medalists with monetary prizes, but it is the respective national government that pays an athlete if they win a medal. In fact, they don’t even pay athletes for participating in the Games.

This is because winning a medal, irrespective of its colour, means bringing glory to your country. But the amount of payment an athlete gets for winning a medal varies from country to country, as well as their place on the podium. Adding to this, the brand value of the Olympic medalists soar sky-high in the marketing world.

Prize money for athletes for top countries

most medals in Winter Olympics
2022 Winter Olympics

Starting with the United States of America (USA), an athlete would receive $37,500, $22,500, and $15,000 for winning the gold, silver, and bronze medal, respectively. But the highest monetary reward for a gold medal is in Singapore. Any Singaporean athlete who wins a gold medal at an Olympic event would rake in $737,000 while they reward their Olympians with $369,000 and $184,000 for winning silver and bronze medals, respectively.

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Kazakhstan is placed second after Singapore as the central Asian country rewards gold medalists with approximately $250,000, $150,000, and $75,000 for gold, silver, and bronze medals respectively. The Philippines pay $200,000 to an athlete that wins a gold medal at the Olympics. On the other hand, Italian Olympians receive monetary compensation worth $213,000 for clinching a gold medal.

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