How much does an Olympic Gold Worth in Ur Country?

[VidER]

Hi All..

I have hearted in the news that the Egyptian Wrestler who got the golden medal in Athens 2004 received around $500,000 as a reward from the government for his achievement..

And out of curiosity I would like to know what is the reward in other parts of the world?

So do you have any idea how much did the Olympic champions in your country or any other country in the world got?

VidER

[insanekiwi]

dunno. i guess alot of winners get contracts with leading sports clothing companies to make millions of $$.

[Deaf Spacker]

Its very doubtful that any medal holder in Team GB get paid any sort of money by the Government, if they are good then as insanekiwi said there is the prospect of product endorsments and contracts that could net them millions.

[xxpor]

Nothing in the us most of the time

[Another_Paul]

Hi All..

I have hearted in the news that the Egyptian Wrestler who got the golden medal in Athens 2004 received around $500,000 as a reward from the government for his achievement..

And out of curiosity I would like to know what is the reward in other parts of the world?

So do you have any idea how much did the Olympic champions in your country or any other country in the world got?

VidER

Cool! I guess it was worth his training :)

[oldmate15]

Nothing in Australia. Just a celebrity status.

[VidER]

in the UAE the guy who won the Golden Medal got a street named after him!

VidER

[allfive6]

Depends on the sport the Medal was won in. But something like track and fields 100 A gold medal there well get you a BIG shoe deal from someone probly Nike.

[Rockwell]

Depends on the sport the Medal was won in. But something like track and fields 100 A gold medal there well get you a BIG shoe deal from someone probly Nike.

true, companies pay the athletes to do advertisements with a new shoe or their product.

ie:

Micheal Johnson + Nike

Micheal Phelps + Speedo(or TYR)

etc. etc.

[ootput]

Nothing in Australia. Just a celebrity status.

The 'Oarsome' Foursome endorses Golden Valley Fruit Products, don't they?

I remember seeing Ian Thorpe promoting Speedo quite a while ago.

[KzR]

An Olympic gold medalist is treated as a god here in Singapore. The government gives the medalist S$1 million for it. But too bad Singapore hasn't gotten a gold medal in its entire history. The best result was a silver medal won by a weightlifter few decades back.

[Ayepecks]

Nothing in the us most of the time

Not true... I read somewhere about how much the comittee pays gold medal winners... can't remember how much, but I remember it was something. I don't think it was a lot, though... I want to say $5,000 or something.

Then there's the endorsement deals, but I don't count those.

[blueshirt]

You become a celebrity and have some product endorsements.

[offroadaaron]

true, companies pay the athletes to do advertisements with a new shoe or their product.

ie:

Micheal Johnson + Nike

Micheal Phelps + Speedo(or TYR)

etc. etc.

u could say magic johnson but uuummm how about michael jordan?? didnt nike air come from his air time??

[KzR]

u could say magic johnson but uuummm how about michael jordan?? didnt nike air come from his air time??

I don't think Michael Jordan clinched his Nike deal because of his basketball Olympic gold medal. Rather I think it's because of his superb performance in the NBA.

[xxpor]

Not true... I read somewhere about how much the comittee pays gold medal winners... can't remember how much, but I remember it was something. I don't think it was a lot, though... I want to say $5,000 or something.

Then there's the endorsement deals, but I don't count those.

OMG w00t t3h 5000$!!!!!!!!!!!!!!!!!!!!!!!!!!!11111111111111111111111111111111one

^thats my point, almost nothing, and i dotn think he means monaterally

[KzR]

$5000 is peanuts to a sportsman who earns millions of dollars by endorsing products.

[Ayepecks]

OMG w00t t3h 5000$!!!!!!!!!!!!!!!!!!!!!!!!!!!11111111111111111111111111111111one

^thats my point, almost nothing, and i dotn think he means monaterally

You should have said close to nothing, then ;)

I just checked, it's actually $35,000. Far from nothing. I knew it had a 5 somewhere in it. :laugh:

[Liverpoolfc]

The 'Oarsome' Foursome endorses Golden Valley Fruit Products, don't they?

I remember seeing Ian Thorpe promoting Speedo quite a while ago.

Correct, Thorpe is making tons now from all sorts of endorsements and investments now

Back to the topic...

Depedning on the event, and who won the medal it differs a lot. Like the last winter Olympics. Australia got 2 gold medals (never got any gold before) and both ended up makin a bit out of endorsements, especially our women's aerial ski jumper Alyssa Camplin (think i spelt it right). She's still doing ads now and it all started from the Winter Olympics. But, if Grant Hackett were to win a gold in the 1500m freestyle it isn't a big deal really. Hasn't lost in the event since '97 I think