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Cbsnews Jul 2024 Singapore's National Olympic Council pays Olympic gold medalists in individual sports $1,000,000 Singapore dollars, equal to about $744,000 U.S. dollars. Silver medalists earn roughly $372,000, and bronze medalists earn about $186,000.
More than this, in a historic move, World Athletics announced in April that it will become the first international federation to award prize money to athletes at an Olympics. The governing body for track and field says it will pay $50,000 to athletes who win gold in all 48 track and field events in Paris. The boxing federation will pay $50,000, $25,000 or $12,500, depending on the color of the medal!
Cnbc.com July 2021: $737,000
The International Olympic Committee does not pay prize money to medalists, many countries offer monetary rewards to their athletes for the number of medals they win at the Olympics.
Unfortunately, Singapore failed to win any Olympic medals.
Here's how much money athletes from other countries get for winning a Gold medal:
Kazakhstan $250,000
Malaysia $236,000
Italy $213,000
The Philippines $200,000
Hungary $168,000
Brazil $49,000
Japan $45,000
USA $37,500
South Africa $37,000
Canada $16,000
Australia $15,000
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Update: 2024-7