Do Olympic Athletes get prize money for winning medals?
It varies by country and that sports governing board. In the US Gold: $25,000; Silver: $15,000; Bronze: $10,000 This was in response to the generous gifts and money some of the rest of the countries bestowed upon their athletes. The amount given from the U.S. Olympic Committee may be pittances compared to many countries. That amount may be nothing to Kobe Bryant, yet it may mean a lot more than the dollar amount to someone like Henry Cejudo. But I doubt that Khatuna Lorig was thinking much about cash when she was edged out of the semifinals into 5th. I do find it heartening how some spend this prize money. Joey Cheek donated his 2006 earnings to an organization that promotes sports for underprivileged children. With the adversity highlighted by the efforts of Samia Yusuf Omar of Somalia, promoting sports around the world is a most worthwhile endeavor.
