Paris Olympics 2024 Prize Money | Cash Prizes For Winning Medals

Paris Olympics 2024 Prize Money

Top athletes worldwide qualified for the Olympics in different sports categories. There is no guaranteed prize money for each sports competition in Olympics however, the sports association of countries who are participating offered big amount to athletes who win gold, silver and bronze medal. The amount figures for athletes increased after Rio Games 2016.

CountriesGold MedalistSilver MedalistBronze Medalist
Singapore$900k$500k$350k
Afghanistan$5k$3k$1.5k
Albania$10k$5k$3k
Algeria$25k$15k$10k
Andorra$30k$15k$10k
Angola$10k$5k$3k
Argentina$30k$15k$5k
Armenia$10k$5k$3k
Australia$250k$150k$75k
Austria$150k$100k$50k
Azerbaijan$250k$150k$75k
Bahrain$300k$200k$100k
Bangladesh$50k$25k$10k
Belgium$200k$150k$75k
Bhutan$10k$5k$3k
Bolivia$30k$15k$5k
Brazil$100k$50k$25k
Bosnia and Herzegovina$10k$5k$2k
British Virgin Islands$50k$25k$10k
Brunei$75k$50k$25k
Bulgaria$30k$15k$5k
Burkina Faso$10k$5k$3k
Burundi$10k$5k$3k
Cambodia$10k$5k$3k
Cameroon$10k$5k$3k
Canada$100k$75k$50k
Chile$30k$25k$15k
China$700k$500k$350k
Colombia$30k$25k$15k
Croatia$100k$50k$25k
Costa Rica$30k$25k$15k
Cuba$30k$20k$10k
Cyprus$30k$20k$10k
Czech Republic$75k$50k$25k
DR Congo$8k$5k$3k
Denmark$250k$100k$75k
Dominican Republic$10k$5k$3k
Ecuador$30k$15k$10k
Egypt$100k$50k$25k
Fiji$200k$100k$50k
Finland$300k$150k$75k
France$100k$75k$50k
Georgia$75k$50k$25k
Germany$100k$75k$25k
Ghana$10k$5k$2k
Great Britain$100k$50k$25k
Greece$50k$25k$15k
Hong Kong$850k$450k$250k
Hungary$100k$50k$25k
India$150k$75k$50k
Indonesia$100k$50k$25k
Iran$100k$50k$25k
Iraq$50k$25k$15k
Israel$250k$200k$150k
Ireland$50k$25k$15k
Italy$75k$50k$25k
Ivory Coast$25k$15k$10k
Jamaica$150k$100k$75k
Japan$50k$25k$15k
Jordan$150k$75k$50k
Kazakhstan$250k$150k$75k
Kosovo$100k$50k$25k
Kyrgyzstan$100k$50k$25k
Latvia$50k$25k$15k
Lebanon$15k$10k$5k
Libya$15k$10k$5k
Liechtenstein$30k$25k$10k
Lithuania$30k$25k$10k
Luxembourg$300k$150k$75k
Malaysia$100k$50k$25k
Maldives$10k$5k$3k
Mali$10k$5k$3k
Malta$30k$25k$15k
Mauritius$10k$5k$3k
Mexico$50k$25k$15k
Moldvoa$30k$25k$20k
Monaco$400k$200k$100k
Mongolia $75k$50k$25k
Montenegro$50k$25k$15k
Morocco$50k$25k$15k
Nepal$50k$15k$10k
Netherlands$150k$75k$25k
New Zealand$100k$50k$25k
Niger$10k$5k$3k
Nigeria$25k$15k$10k
North Korea$50k$25k$15k
North Macedonia$30k$15k$10k
Norway$100k$50k$25k
Oman$200k$100k$50k
Pakistan$10k$5k$2.5k
Panama$30k$15k$5k
Papua New Guinea$10k$7k$5k
Paraguay$30k$15k$10k
Peru$30k$15k$10k
Philippines$100k$50k$25k
Poland$150k$75k$25k
Portugal$200k$100k$50k
Puerto Rico$75k$50k$25k
Qatar$250k$100k$75k
Romania$30k$15k$10k
Rwanda$5k$3k$2k
Samoa$10k$5k$3k
San Marino$50k$25k$10k
Saudi Arabia$500k$300k$150k
Senegal$10k$5k$3k
Serbia$50k$25k$10k
Slovakia$75k$50k$25k
Slovenia$75k$50k$25k
South Africa$150k$100k$50k
South Kora$200k$100k$50k
Spain$150k$75k$50k
Sri Lanka$30k$15k$5k
Sweden$300k$100k$50k
Switzerland$350k$150k$75k
Syria$5k$3k$2k
Chinese Taipei$75k$50k$25k
Tajikistan$100k$50k$25k
Thailand$150k$75k$35k
Trinidad and Tobago$10k$5k$3k
Tunisia$25k$15k$10k
Turkey$400k$200k$150k
Turkmenistan$75k$50k$25k
Uganda$10k$5k$2k
Ukraine$30k$15k$10k
United Arab Emirates$400k$200k$150k
United States$250k$150k$100k
Uruguay$30k$15k$10k
Uzbekistan$100k$75k$50k
Vanuatu$10k$5k$3k
Venezuela$50k$25k$15k
Vietnam$30k$15k$10k
Virgin Islands$10k$5k$3k
Yemen$3k$2k$1k
Zimbabwe$5k$3k$1k

Singapore is highest paying nation to the athletes for winning gold medal, as per reports, each athlete who win's gold medal for Singapore in 2024 will earn prize money of $800k, the athlete who manage to win silver medal will earn share of $400k and third place and bronze medalist in the Olympics will earn share $200k.

  • Hong Kong athletes earn maximum prize money $850,000 if they win gold medal in relevent categories, those who finished second win silver medal will earn guaranteed prize money $450k and bronze medalist in Hong Kong Olympics team will earn more than $250k.
  • United State athletes earn between $250k to $300k for winning gold medal, the earnings they make from the competition is tax free. Athletes of US team ends on silver medal place or bronze medal place will earn between $150k to $100k each.
  • Saudi Arabia, UAE and Qatar top Arab countries who are paying more than $350k to the gold medalists as per "Sports Payouts". 
  • South American nations who are participating in Paris Olympics 2024, have similar number of prize fund for the athletes who win's the gold medal, the gold medalists from Colombia, Brazil, Argentina, Peru, Paraguay and Bolivia will earn between $50k to $30k each. Those who finished on second place and win's silver medal will earn share of $25k and third place and bronze medalists in France 2024 games will earn $15k.
  • India, China, Japan, South Korea, Malaysia, Indonesia, Thailand, Hong Kong, Singapore are top paying nations from Asia, these countries offering prize money from $75k to $900k to athletes who win gold medal, $50k to $500k to silver medalists and $25k to $350k to bronze medalists.
There are medal bonuses for athletes, specific budget by the sports association adjusted before Olympics, International, Commonwealth games began. The budget adjusted by the countries later distributed among athletes, staff members and coaches. In some countries gold medalists, sivler medalists and bronze medalists earn more than $500k but they have to pay fixed tax ratio, while some countries offer low prize money but the prize money is tax free "US athletes" earn prize money is tax free. 

Indian athlete may not earn much compare to Chinese, Russian, and other Central Asia countries athletes, but they got big endorsements deals once they get silver, bronze and gold medal in the competition. Saina Nehwal is one of the leading ladies from Indian Badminton, she earn more than $1.5m from endorsements deals after winning medal in 2012 London games.

Further details regarding to Paris Olympics 2024 prize money, cash prizes reported here later.

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