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.

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.