U.S. athletes are reportedly being given monetary compensation for taking home the gold in any category they win in. (Photo: Wikimedia Commons)
U.S. athletes are reportedly being given monetary compensation for taking home the gold in any category they win in.
According to Savvy Sugar, U.S. athletes are awarded $25,000 if they win the gold medal. This is a considerably small sum compared to the potential millions athletes can make from endorsement deals if they win big at the Olympics.
So how much do athletes from other countries take home in reward money if they win the top spot in their categories. Savvy Sugar compiled a list of monetary awards given to athletes from their respective countries from most to least.
1. Singapore: $805,000
2. Italy: $182,400
3. Russia: $135,000
4. Ukraine: $100,000
5. France: $65,200
6. Japan: $35,900
7. China: $31,400
8. US: $25,000
9. Australia: $20,300
10. Canada: $20,000
11. Ghana: $20,000
12. Germany: $19,500
13. Great Britain: No performance bonus
The information was taken from Savvy Sugar.
So far China has taken 31 gold medals, 19 silver, and 14 bronze in total. The United States comes in at second place with 29 gold medals, 15 silver, and 19 bronze. China has only scored one more medal than the U.S. Great Britain rounds out the top three with 18 gold medals, 11 silver, and 11 bronze, according to the London 2012 website.
Michael Phelps, a U.S. swimmer, has taken home six medals altogether, four gold and two silver medals. U.S. swimmers Missy Franklin, Allison Schmitt, Ryan Lochte and Australian swimmer Alicia Coutts have all taken home five medals so far.