Amount Of Money Athletes Will Win From Medals

Thousands of competitors are competing to fulfil their ambitions of wearing the prized gold medal around their necks in the 2024 Summer Olympics in Paris. Not only is it a source of pride, but winning a medal also earns winners their country’s heavy financial rewards.

Nation	Prize Money
Hong Kong	$768,000 (£598,000)
Israel	$275,000 (£214,000)
Serbia	$218,000 (£170,000)
Malaysia	$214,000 (£167,000)
Italy	$196,000 (£153,000)
Lithuania	$182,000 (£142,000)
Moldova	$171,000 (£133,000)
Latvia	$155,000 (£121,000)
Hungary	$154,000 (£120,000)
Bulgaria	$139,000 (£108,000)
Ukraine	$125,000 (£97,000)
Kosovo	$120,000 (£93,000)
Estonia	$109,000 (£85,000)
Czech Republic	$103,000 (£80,000)
Spain	$102,000 (£79,000)

Hong Kong: $768,000 (£598,000)

Hong Kong takes the gold when it comes to rewarding Olympic champions. Fencer Vivian Kong Man was the first to pocket a staggering £500,000 for her victory setting a high bar for other nations.

Israel: $275,000 (£214,000)

While winning gold is the ultimate goal, Israeli athletes are handsomely rewarded for any podium finish. Even a bronze medal brings in a six-figure payday.

Also Read: Paris Olympics 2024: Complete List Of Winners On Day 3

Serbia: $218,000 (£170,000)

For Serbian athletes, Olympic success is a golden ticket. A top-three finish not only guarantees a substantial cash prize but also secures a lifelong national pension. Tennis superstar Novak Djokovic is undoubtedly aiming for the top spot.

Malaysia: $214,000 (£167,000)

Malaysia offers a tiered reward system. While a gold medal is worth over £200,000, a bronze medal brings in a more modest sum.

Italy: $196,000 (£153,000)

Italian swimmer Nicolo Martinenghi created history by winning Italy’s first gold medal at the 2024 Olympics. His victory was doubly sweet with a substantial cash prize accompanying the honor.

Lithuania: $182,000 (£142,000)

Lithuania goes the extra mile for its Olympic heroes. Athletes and coaches share in the prize money, and retired Olympians even receive rent assistance. The country offers a comprehensive package to support its sporting talent.

Moldova: $171,000 (£133,000)

Moldova believes in rewarding participation. While a podium finish brings a significant cash boost, even eighth place earns athletes a respectable sum.

Latvia: $155,000 (£121,000)

Latvia has a unique approach to prize money. The amount increases progressively for each medal, and team gold medals are shared among athletes and coaches.

Hungary: $154,000 (£120,000)

Hungary aims to replicate its six-gold medal haul from 2021. With substantial rewards for every podium finish, the country is investing heavily in its Olympic dream.

Bulgaria: $139,000 (£108,000)

In Bulgaria, individual athletes earn more than their team counterparts. While the gold medal prize is lucrative, the distribution among team members is more complex.

Ukraine: $125,000 (£97,000)

Despite offering a prize below the £100,000 mark, Ukraine has consistently produced numerous medalists. The country is hoping for a similar performance in Paris.

Kosovo: $120,000 (£93,000)

Kosovo’s athletes benefit from support from both the Olympic committee and the sports ministry. Record-breaking performances earn an even bigger payday.

Estonia: $109,000 (£85,000)

Estonia rewards its top-ten finishers with a two-year monthly stipend. This long-term commitment to athletes sets it apart from other nations.

Czech Republic: $103,000 (£80,000)

Tennis sensation Barbora Krejcikova is the Czech Republic’s golden hope. A second Olympic gold would mean a substantial financial reward.

Spain: $102,000 (£79,000)

Spain differentiates between individual and team achievements. While individual gold medalists earn nearly £80,000, team prizes are more modest.