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What do Olympic champions get besides a medal? – NBC Chicago

There’s the mystery box, the new Instagram followers, the worldwide recognition, the stuffed mascot and of course the gold, silver and bronze medals – but for some Paris 2024 Olympic medalists, there are cash prizes, cows, cars and even colonoscopies.

According to a report by CNBC, the International Olympic Committee, the governing body of the Olympic Games, does not award prize money for medals won. However, 14 countries do pay out prizes to athletes who make it to the podium, including the United States.

Here’s a breakdown according to CNBC. All amounts listed have been converted to US dollars:

COUNTRY GOLD SILVER BRONZE
Hong Kong 768,000 US dollars 384,000 US dollars 192,000 US dollars
Singapore 745,000 US dollars 373,000 US dollars 186,000 US dollars
Indonesia 300,000 US dollars 150,000 US dollars 60,000 US dollars
Israel 271,000 US dollars 216,000 US dollars 135,000 US dollars
Republic of Kazakhstan 250,000 US dollars 150,000 US dollars 75,000 US dollars
Malaysia 216,000 US dollars 65,000 US dollars 22,000 US dollars
Spain 102,000 US dollars 52,000 US dollars 33,000 US dollars
France 87,000 US dollars 43,000 US dollars 22,000 US dollars
South Korea 45,000 US dollars 25,000 US dollars 18,000 US dollars
United States 38,000 US dollars 23,000 US dollars 15,000 US dollars
Japan 32,000 US dollars 13,000 US dollars 6,000 US dollars
Poland 25,000 US dollars 19,000 US dollars 14,000 US dollars
Germany 22,000 US dollars 16,000 US dollars 11,000 US dollars
Australia 13,000 US dollars 10,000 US dollars 7,000 US dollars

In some countries, slightly different things are at stake.

South Korean medalists receive a pension in addition to prize money, CNBC reported, in the form of an annual or lump sum payment. Indonesian badminton players also won five cows, a meatball restaurant and a new house for their place on the podium at the Tokyo Olympics, Reuters reported.

But Carlos Yulo, the gymnast who won gold medals in the floor vault in the Philippines, could take home some of the nicest prizes.

See where Biles and other U.S. Olympians rank among the gold and overall medalists in Paris

According to a report from Yahoo! Sports, Yulo will take home a fully furnished two-bedroom apartment, as well as free cookies, ramen, college credits, and even colonoscopies for life.

By Olivia

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