Sponsorships aside, you may be wondering if Olympic athletes get paid for all of their hard work. The short answer is yes… but it’s a little more complicated than that. For the record, The International Olympic Committee does not give out money for participating in the Games nor does it give out money for winning gold, silver, or bronze medals. However, there are “Olympic medal bonuses,” which are awarded to Olympians by the countries they represent.
- In the U.S., Olympic winners get $37,500 for winning gold, $22,500 for winning silver, and $15,000 for winning bronze. That’s per medal! So if you win two gold medals and a bronze, you could be awarded a total of $90-thousand.
Source: CNBC