Canadian Olympic athletes' salaries exposed and they're shocking

PUBLICATION

Gabriel Sami
August 1, 2024 (5:15 PM)

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The specific amounts of money that athletes from Canada and other countries earn for winning Olympic medals have now been disclosed.

Sarah-Florence Benjamin, a journalist from the French newspaper Journal de Montreal, has shared insights into the cash prizes awarded to Olympic medalists. These Olympics are currently taking place in Paris, France.

"Olympic medals don't hold the same value for all athletes. Since no cash prize is associated with the medals, it's the countries that decide to reward�or not�their athletes. They also determine the size of the prize."

- Sarah-Florence Benjamin

The financial rewards for Olympic medalists differ by country, with some nations offering more substantial sums to their athletes. Canadian athletes receive less financial compensation compared to their international counterparts, which highlights a need for the Government of Canada to better support athletic development in the country.

CANADA
Gold medal: $20,000
Silver medal: $15,000
Bronze medal: $10,000

FRANCE
Gold medal: $119,837 CAD
Silver medal: $59,918 CAD
Bronze medal: $29,959 CAD

UNITED STATES
Gold medal: $51,667 CAD
Silver medal: $31,000 CAD
Bronze medal: $20,667 CAD

HONG KONG
Gold medal: $1,060,858 CAD
Silver medal: $530,429 CAD
Bronze medal: $265,215 CAD
4th: $132,607 CAD
5th: $66,304 CAD

SINGAPORE
Gold medal: $1,028,195 CAD
Silver medal: $514,098 CAD
Bronze medal: $257,049 CAD

UNITED KINGDOM, SWEDEN, AND NORWAY
These countries offer no cash prize to their medallists.

KAZAKHSTAN
Gold medal: $13,110 and a three-room apartment
Silver medal: $8,740 and a two-room apartment
Bronze medal: $4,370 and a one-room apartment

Interestingly, Morocco rewards athletes down to 25th place, with those finishing 25th earning $6,979 CAD and 8th place receiving $30,000 CAD.

In Italy, a gold medalist is awarded $270,000 CAD.

Wow just $37,500 (all figures USD) as a monetary award to win a gold medal for the U.S. in the Olympics compared to Singapore where you earn $737,000 to win a gold medal or Taiwan at $716,000.
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U.S needs to figure out a way to increase the monetary award for a gold medal.
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#Olympics #olympics2024 #olympicgames

While many athletes receive bonuses exceeding $100,000 from their respective countries for winning medals, Canadian athletes' maximum reward is only $20,000. They deserve better recognition for their achievements.

Source: Markerzone
Canadian Olympic athlete salaries leak publicly and they're quite surprising

Source: Habs Fanatics
The exact salary that comes with a medal at the 2024 Olympic Games is revealed

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AOUT 1 \| 141 ANSWERS Canadian Olympic athletes' salaries exposed and they're shocking Should the Canadian government increase financial rewards for Canadian Olympic medallists?
Yes	100	70.9 %
No	41	29.1 %
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