The exact salary that comes with a medal at the 2024 Olympic Games is revealed

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MarcO
July 29, 2024 (9:01 PM)

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The cash prizes for Canadian athletes (and athletes from other countries) who win a medal at the Paris 2024 Olympic Games have just been revealed.

It's incredible to see the immense difference between countries.

Thanks to the article by Sarah-Florence Benjamin from the Journal de Montréal, we actually learn how much money Canadian athletes (and those from other countries) will receive if they win a medal at these Olympic Games, which are being held in France.

«Olympic medals don't hold the same value for all athletes. Since no cash prize is associated with the medals, it's the countries that decide to reward�or not�their athletes. They also determine the size of the prize.»

- Sarah-Florence Benjamin

So, you understand that the amounts awarded to athletes who win a medal are very different from one country to another.

We also quickly realize that our Canadian athletes are not so well rewarded compared to their competitors.

Please note that the following bonuses are based on the current 2024 games, but also on the Tokyo 2021 Summer Olympics.

Here are the cash prizes for our Canadian athletes who will win a medal, compared to those of other countries

Here are some examples.

CANADA

Gold medal: $20,000

Silver medal: $15,000

Bronze medal: $10,000

FRANCE

Gold medal: $119,837 CAD

Silver medal: $59,918 CAD

Bronze medal: $29,959 CAD

UNITED STATES

Gold medal: $51,667 CAD

Silver medal: $31,000 CAD

Bronze medal: $20,667 CAD

HONG KONG

Gold medal: $1,060,858 CAD

Silver medal: $530,429 CAD

Bronze medal: $265,215 CAD

4th: $132,607 CAD
5th: $66,304 CAD

Here are some others:

SINGAPORE

Gold medal: $1,028,195 CAD

Silver medal: $514,098 CAD

Bronze medal: $257,049 CAD

UNITED KINGDOM, SWEDEN, AND NORWAY

These countries offer no cash prize to their medalists.

KAZAKHSTAN

Gold medal: $13,110 and a three-room apartment

Silver medal: $8,740 and a two-room apartment

Bronze medal: $4,370 and a one-room apartment

You can find the full report in the Journal de Montreal article (the link is at the bottom of this article), but note that a gold medal brings nearly $300,000 CAD in Malaysia and Morocco.

In Morocco, an athlete who finishes in 25th position still receives $6,979 CAD. (and nearly $30,000 CAD for an 8th position, for example)

In Italy, a gold medalist receives $270,000 CAD.

In short, many countries give well over $100,000 in bonuses to their Olympic medalists, but in Canada, the maximum prize is $20,000 for a gold medal.

Do you believe our Canadian athletes deserve more?

Credit: Journal de Montréal
Voici combien d'argent toucheront les athlètes canadiens (et ceux d'autres pays) qui gagneront une médaille en France