We’ve left out a lot of $200,000 and over bounties from somewhat smaller countries that have never won a gold medal in any sport. First, let it be said that the real Olympic windfalls come from being a gold medalist who scores some serious endorsements. His famous pot-smoking scandal only helped his popularity. What is the Most Expensive Fish You Can Eat? Chilean artist Jorge Selarón's tribute to the people of Brazil. In general, nations that normally have a lot of Olympic success tend to cut back on the payments accordingly (even if the U.K. took it to the extreme), and those that have had less glory are prepared to be very generous. @poloralphlauren "Ryan is the most natural swimmer I’ve ever seen. In Azerbaijan gold medalists await a huge payday on top of the government-backed incentive of 400,000 Azerbaijani manat, which is almost $250,000. With the biggest Olympic medal money winner in the past 15 years earning half a million, it doesn’t seem like the Olympics are very lucrative for anyone. That’s because three of his four medals were gold, which in Russia pays $135,000 each. That’s the most medals of any Olympian in history. With $25,000 for each gold, plus money for the silvers and bronzes, Phelps has over half a million in Olympic medal money. NextShark is a leading source covering Asian American News and Asian News including business, culture, entertainment, politics, tech and lifestyle. A silver medalist gets 200,000 AZN ($124,000), while bronze fetches 100,000 AZN ($62,000). All rights reserved. (Leon Neal/AFP/Getty Images). With only one gold medal, she still makes the list with $180,000 in Italian reward cash. The table below shows how much money an American champion makes per medal. In 2016 alone he is widely expected to make $12 million. If Ahn had the same medal count as Phelps, he’d have $2.48 million on Olympic prize money. The endorsements however only come to the cream of the Olympic crop, with athletes like phenom Michael Phelps scoring the most medals ever and the most endorsement deal riches. First, let it be said that the real Olympic windfalls come from being a gold medalist who scores some serious endorsements. Some countries like Azerbaijan will pay $510,000 for a gold … However, Great Britain doesn’t award their athletes any money. That’s not strictly true, because it seems to say that all Olympic athletes make that money. (Not always, though: Here’s looking at you, United Kingdom.) That’s why you don’t see dressage medalists on Wheaties boxes. The most Olympic money ever for one medal comes from Singapore’s Joseph Schooling, who beat Michael Phelps in the 100m butterfly for an $880,000 gold medal bounty. Start typing to see results or hit ESC to close, A Singapore Billionaire’s Son Now Owns 49% of Rolling Stone, Meet EASTERN PEOPLE, a New Clothing Collective for Asian Cultures. U.S. Olympians, for example, will earn $37,500 for each gold medal they win this year, $22,500 for each silver and $15,000 for each bronze… Stefania Belmondo of Italy benefits from a similar lopsided pay scale. But Should You? Viktor Ahn has earned the second-most Olympics money since 2000, despite only being in the 2014 Olympics and winning 18 fewer medals than Michael Phelps. India announced that gold medalists will be rewarded with 10,000,000 Indian rupees, which is around $150,000. That’s still only a small portion of the money Phelps has made, Kim Kardashian can turn a leaked sex tape into a multi-million dollar career, estimated $94 million in endorsement deals since 2001, Usain Bolt has made over $8 million each year, 14 Restaurants Open Thanksgiving Day 2016, Bill Clinton Net Worth: Hanging on His Words. The table below shows some of the top pay rates for gold medals from different countries. Silver medalists earn 30 million won, about $27,000, and bronze medalists win 18 million won, or about $16,000. That’s still only a small portion of the money Phelps has made, with most of it coming from endorsements. In Kazakhstan, gold medal winners reportedly receive 86 million Kazakhstani tenge, or around $250,000. Phelps has taken 28 medals in all. are awarded 5,000,000 Indian rupees, or about $75,000. (Michael Phelps’ net worth is estimated at at least $50 million, and he didn’t earn that by giving swimming lessons on the side.) That’s 23 gold, 3 silver and 2 bronze. Athletes with the Most Olympic Money (since 2000). Sign up for InsideHook to get our best content delivered to your inbox every weekday. Technology News. The payments vary in size from rather-paltry-considering-the-years-an-athlete-invests-in-training to amounts that are downright go-ahead-and-take-the-next-decade-off. The Indonesian government announced a cash prize of 5 billion Indonesian rupiah, or almost $384,000, for gold medalists. It’s free. Italy, Russia and France give each of their gold medalists $180,000, $135,000 and $65,000, respectively. There is a way out, however: South Koreans who win a gold medal at the Olympics or other international games earn a military service exemption. For advertising and inquiries: info@nextshark.com, Here’s How Much Money Olympic Gold Medalists Win in Each Country. Cash incentives however, vary from country to country, with some offering handsome cash bonuses while others opt to not give anything to their champions. Asia Travel © NextShark INC. 2018. At these price levels, the true value of a gold medal at the 2018 PyeongChang Olympics was about $570.30 during the Games. Hi Steve.