Even though there are quite a few sportsmen who struggle to make ends meet, many elite athletes get to bring home thousands to millions of cash for coming out on top at different competitions. Take the much-awaited Tokyo Olympic games for example. Some athletes win gold, silver, or bronze medals and take home what’s equivalent to millions of pesos. And that’s on top of the sponsorships and brand deals they can secure plus the pride and recognition they bring to their home country. Here are just some of the countries with the highest cash prizes for their Olympic medalists:
- Gold – SGD 1 million (PHP 36.8 million)
- Silver – SGD 500,000 (PHP 18.4 million)
- Bronze – SGD 250,000 (PHP 9.2 million)
These numbers are just for individual competitions but team events and team sports have higher payouts amounting up to SGD 2 million (PHP 73.6 million) to be shared by all the athletes.
As of writing, Singapore isn’t part of the top 79 countries with medalists at the Tokyo Olympics.
- Gold – NT$20 million (PHP 35.7 million)
- Silver – NT$7 million (PHP 12.5 million)
- Bronze – NT$5 million (PHP 8.9 million)
Currently, Taiwan’s athletes (ChineseTaipei) have secured 11 medals: 2 gold, 4 silver, and 5 bronze.
- Gold – HKD 5 million (PHP 31.9 million)
- Silver – HKD 2.5 million (PHP 15.9 million)
- Bronze – HKD 1 million (PHP 6.3 million)
So far, Hong Kong has won one gold medal and two silver medals at the Games.
- Gold – Rp 5 billion (PHP 17.3 million)
- Silver – Rp 2 billion (PHP 6.9 million)
- Bronze – Rp 1 billion (PHP 3.4 million)
Indonesia has a total of five medals so far: one for both gold and silver and three for bronze.
- Gold – $300,000 (PHP 14.9 million)
- Silver – $150,000 (PHP 7.4 million)
- Bronze – $100,000 (PHP 4.9 million)
- Gold – USD 250,000 (PHP 12.4 million)
- Silver – USD 150,000 (PHP 7.4 million)
- Bronze – USD 75,000 (PHP 3.7 million)
Kazhakstan has bagged four bronze medals so far at the Tokyo Olympics.
- Gold – RM1,000,000 (PHP 11.7 million)
- Silver – RM300,000 (PHP 3.5 million)
- Bronze – RM100,000 (PHP 1.1 million)
Malaysia is currently ranked 70th at the Olympics with one bronze medal win.
- Gold – EUR 180,000 (PHP 10.6 million)
- Silver – EUR 90,000 (PHP 5.3 million)
- Bronze – EUR 60,000 (PHP 3.5 million)
Italy is currently ranked 8th at the Tokyo Olympics with 29 medals: 5 gold, 9 silver, and 15 bronze.