The Tokyo Olympics brought not only medals and historic achievements to Brazil, but also the discussion about how much does an olympic athlete earn a medal, whether gold, silver or bronze.
The fact is, although the International Olympic Committee do not offer cash prizes to winners, on the other hand, many countries give their medalists monetary rewards depending on the number of medals won in the Olympics.
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A survey by CNBC, based on amounts received by medalists from 12 countries, and compiled from various national Olympic committees, sports associations, presents in a more detailed or salary of an olympic athlete.
In the case of the United States, which has more than 600 athletes competing in the Tokyo Olympics, the US Olympic and Paralympic Committee rewards athletes with amounts of US$ 37,500 for each gold medal won, US$ 22,500 for silver and US$ 15,000 for bronze.
It is important to note that much of this prize money is not subject to taxation. This only happens if athletes report gross income above $1 million. In addition to the rewards, US athletes also receive health insurance, college tuition assistance and world-class medical facilities.
On the other side of the world, in Singapore, the reward given to gold medalists is almost 20 times that of US players. However, the city-state has only 23 athletes participating in this year's Olympics.
Furthermore, the prize money in this case is taxable and rewarded athletes must return compulsorily part of the money to the national sports associations for training and development future.
Another country that rewards its Olympic winners well is Malaysia. Over there, gold medal athletes receive 1 million ringgit (US$ 236,149). Already the winners with silver medal 300,000 ringgit and those who win bronze with 100,000.
When converted into dollars, Olympic bronze medal winners from Malaysia receive more amounts of money than a gold medalist athlete from Canada and Australia, for example.
Speaking of Brazil, Brazilian athletes receive R$ 100,000 for gold, R$ 150,000 for silver and R$ 250,000 (maximum amount) paid for gold. In the case of a team with up to six athletes, the value is R$ 200 thousand in case of another medal, R$ 300 thousand in case of silver and R$ 200 thousand for bronze medal.
Going beyond monetary rewards, Olympic athletes also rely on other sources of income when they decide to pursue the path of sport exclusively. Those who belong to larger and more competitive countries receive training scholarships It is salary major national sports associations.
Athletes with better performances usually receive cash prizes when winning national and international tournaments. While the others, those with less prominence, receive regular and less significant amounts.
It is worth remembering that many athletes can achieve multimillion financing, sponsorship agreements and compensation from social media advertising. Tennis player Naomi Osaka is a clear example of this. The athlete pocketed no less than US$ 55 million through sponsorships within 12 months, thus becoming the highest paid female athlete of all time.
