Beijing Winter Olympics 2022 Prize Money

 

Olympics Prize MoneyAthletes from around 200 countries will be fighting full-on for the glorious medals in Olympics 2022. The Beijing Olympics Games is an international winter multi-sport event scheduled to take place from 4 to 20 February 2022 in Beijing and venues near neighboring towns of Yanqing and Chongli in China. The 2022 Winter Olympics will be the first Winter Olympics in China. A total 109 events will be held regarding 7 sports.

The athletes don’t receive any cash money from the Olympics committee only medals but they get paid by their national Olympic Federation which is disclosed before the tournament. The cash prize is awarded to athletes are different depending on the country. So the athletes receive the same medals but don’t get the same cash prizes. Three medals are given throughout the tournament GOLD, Silver and Bronze. The value of the medals are given below :

  • Gold: $600 (The gold medal consist of just 1% of actual gold, 92.5% silver and 6.16% copper).
  • Silver: $325 (While in silver medal, the gold is replaced by more copper rest material is the same as a gold medal)
  • Bronze: $3 (Bronze medal however is 97% copper and 2.5% zinc and 0.5% tin)

The list above is the actual worth of raw material used in the medals. In reality, the medals don’t carry a great money value but the prestige is worth it. If athletes were to sell or auction their medals they will bag a big amount just for the face value of the medal.

Only a handful of countries ward cash prized to silver and bronze medalists while most federations only award prized for gold winners.  Most of the countries award round-sum payments but some countries don’t. But winners not only get these prize money they also receive many more sponsorship deals and many more. A list is given below about cash rewards paid by different national Olympic federations:

Cash Rewards Paid by Different National Olympic federation

COUNTRY GOLD SILVER BRONZE
Singapore $737,000 $369,000 $184,000
Taiwan (Chinese Taipei) $720,000 $251,000 $178,000
Hong Kong $642,500 $321,250 $160,625
Thailand $365,150 $219,090 $146,060
Indonesia $346,000 $138,500 $69,250
Kazakhstan $250,000 $150,000 $75,000
Malaysia $236,000 $71,000 $24,000
Azerbaijan $235,000 $117,500 $58,750
Morocco $225,067 $140,667 $84,400
Italy $213,000 $107,000 $71,000
Philippines $200,000 $100,000 $40,000
Hungary $168,000 $126,000 $96,000
Lithuania $144,793 $72,397 $54,238
Kosovo $118,683 $71,210 $47,473
Estonia $117,500 $82,250 $52,875
Spain $111,562 $56,968 $35,605
Bulgaria $91,008 $72,806 $54,605
Serbia $71,210 $59,342 $47,473
Russia $61,000 $38,000 $26,000
Slovakia $59,342 $47,473 $35,605
Finland $59,342 $35,605 $23,737
Korea $54,767 $30,426 $21,733
Brazil $49,000 $29,000 $20,000
Japan $45,000 $18,000 $9,000
Switzerland $44,171 $33,129 $22,086
United States $37,500 $22,500 $15,000
South Africa $37,000 $19,000 $7,000
Lichtenstein $27,602 $22,082 $16,561
Slovenia $23,737 $20,770 $17,802
Germany $22,000 $17,000 $11,000
Canada $16,000 $12,000 $8,000
Denmark $15,962 $11,971 $7,981
Australia $15,000 $11,000 $7,000
Great Britain $0 $0 $0
Sweden $0 $0 $0
Norway $0 $0 $0

Notes

Singapore: The winners will receive S$1,000,000, S$500,000, S$250,000, for Gold, Silver, and Bronze, respectively.

Taiwan (Chinese Taipei): The winners will receive NT$20,000,000, NT$7,000,000, NT$5,000,000, for Gold, Silver, and Bronze, respectively.

Hong Kong: The winners will receive HK$5,000,000, HK$2,500,000, HK$1,250,000, for Gold, Silver, and Bronze, respectively.

Thailand: The winners will receive THB12,000,000, THB7,200,000, THB4,800,000, for Gold, Silver, and Bronze, respectively.

Indonesia: The winners will receive Rp 5 billion, Rp, 2 billion, and Rp 1 billion, for Gold, Silver, and Bronze, respectively.

Malaysia: additional lifetime monthly salary of 5,000, 3,000, and 2,000 ringgit for Gold, Silver, and Bronze, respectively.

Azerbaijan: The winners will receive AZN 400,000, AZN 200,000, and AZN 100,000, for Gold, Silver, and Bronze, respectively in 2016 Rio Olympics.

Philippines: The winners will receive P10,000,000, P5,000,000, P2,000,000, for Gold, Silver, and Bronze, respectively.

Estonia: The winners will receive €100,000, €70,000, and €45,000, for Gold, Silver, and Bronze, respectively.

Russia: Medal winners have historically been gifted expensive luxury cars valued at $50,000 to $200,000 USD.

United States: Only includes payout from U.S. Olympic Committee, other organizations such as USA Swimming and USA Wrestling award additional bonuses.

Canada: The winners will receive CAD $20,000, CAD $15,000, CAD $10,000, for Gold, Silver, and Bronze, respectively.

Great Britain: Annual stipend of $38,339 to each athlete.

Only a handful of countries award cash prizes to silver and bronze medalists while most federations only award prizes for gold winners.

Add a Comment

Your email address will not be published.