The 2024 Summer Olympics in Paris features several professional athletes like any other Olympics. With over 32 sports categories scheduled for 329 events, participants can make history, break records, and return home as heroes. The question is, how much medal bonuses countries are paying their athletes?
To keep their contestants motivated, several countries have different rewards for athletes who earn a place on the podium at the Paris Olympics. Read on to find out more!
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How Much Is A Gold Medal?
The price of a gold medal at an Olympics might surprise you. It is not as pricey as you thought. A Paris Olympics medal costs around $950. That is because it's not 'all gold'. So, how much is it worth to be an Olympic gold medal winner?
Olympics Medal Bonuses Per Country
How many countries and flags are participating in the 2024 Summer Olympics? The Games in Paris feature 48 nations from Europe, 41 from the Americas, 44 from Asia, 17 from Oceania, and 54 from Africa. Worldwide spectators have travelled the globe to witness greatness performed by their favorite athletes. This is how much different countries are offering their medallists at the summer 2024 Olympics:
| Country | Gold | Silver | Bronze |
| Singapore | $737,000 | $368,000 | $184,000 |
| Taiwan | $716,000 | $250,000 | $179,000 |
| Morocco | $220,000 | $137,000 | $82,000 |
| Italy | $197,100 | $98,500 | $65,700 |
| Spain | $102,900 | $52,600 | $32,900 |
| France | $71,200 | $27,400 | $16,400 |
| USA | $37,500 | $22,500 | $15,000 |
| Germany | $21,900 | $16,400 | $10,950 |
| Norway | $0 | $0 | $0 |
| Iceland | $0 | $0 | $0 |
Which Country Won The First Gold In an Olympic?
China was the first country to win a gold medal in the 2024 summer Olympics in Paris. In earlier Olympics, they were:
- 2020 - China;
- 2016 - USA;
- 2012 - China;
- 2008 - Czechia;
- 2004 - China;
- 2000 - USA;
- 1996 - Poland.
Conclusion
Unfortunately, not all countries will be offering financial compensation to their medalists at the 2024 Paris Olympics. For instance, instead of cash payouts, Kazakhstan is awarding their athletes 3-bedroom, 2-bedroom and 1-bedroom apartments for gold, silver and bronze medals respectively. And besides Norway, other countries not paying their athletes cash for medals include Iceland, Sweden, amongst others.
