I Just Learned How Much Olympic Athletes Get For Winning Medals, And Wow, It’s Not What I Expected

The Olympic games aren’t all about the medals, except that they kind of are.

The discs of national glory are so valuable that athletes have sold, or donated, theirs for fortunes; collectors can cough up hundreds of thousands, or even a million plus, on the objects.

But how much do the athletes themselves get paid for placing themselves on the podium?

We’ve already written at HuffPost UK about how little Oscars hosts earn from the gig ― what about Olympic medallists?

It truly depends

Different countries offer different rates of pay for different medals, CNBC reports. And while some governments ― like that of Singapore ― will pay the medallist directly, others do it through different organisations.

Britain is a good example; Team GB offers athletes grants before they reach the games, while Sky says British Athletics “does reportedly pay out medal bonuses independent of the government.”

Though every decorated sportsperson will leave the 2024 Olympic Village with “a stuffed toy of the Olympics mascot and a ‘mysterious’ box containing the official event poster,” CNBC shared that a gold medallist for the US will earn £29,793 ($38,000).

That’s measly compared to Hong Kong’s £602,146 ($768,000) for gold, but decadent in comparison to Australia’s £10,192 (13,000).
What are the going rates for different countries?

We’ve converted the dollar sum into pounds, and the conversion rate will change. With that consideration, in order of payouts, they reportedly are (per CNBC):

Hong Kong

— Gold: £601,812 ($768,000)
— Silver: £300,906 ($384,000)
— Bronze: £150,453 ($192,000)

Singapore

— Gold: £583,789 ($745,000)
— Silver: £292,286 ($373,000)
— Bronze: £145,751 ($186,000)

Indonesia

— Gold: £235,083 ($300,000)
— Silver: £117,541 ($150,000)
— Bronze: £47,016 ($60,000)

Israel

— Gold: £212,358 ($271,000)
— Silver: £169,259 ($216,000)
— Bronze: £105,787 ($135,000)

Republic of Kazakhstan

— Gold: £195,902 ($250,000)
— Silver: £117541 ($150,000)
— Bronze: £58,770 ($75,000)

Malaysia

— Gold: £169,259 ($216,000)
— Silver: £50,934 ($65,000)
— Bronze: £17,239 ($22,000)

Spain

— Gold: £79,928 ($102,000)
— Silver: £40,747 ($52,000)
— Bronze: £25,859 ($33,000)

France

— Gold: £68,174 ($87,000)
— Silver: £33,695 ($43,000)
— Bronze: £17,239 ($22,000)

South Korea

— Gold: £35,262 ($45,000)
— Silver: £19,590 ($25,000)
— Bronze: £14,104 ($18,000)

United States

— Gold: £29,777 ($38,000)
— Silver: £18,023 ($23,000)
— Bronze: £11,754 ($15,000)

Japan

— Gold: £25,075 ($32,000)
— Silver: £10,186 ($13,000)
— Bronze: £4,701 ($6,000)

Poland

— Gold: £19,590 ($25,000)
— Silver: £14,888 ($19,000)
— Bronze: £10,970 ($14,000)

Germany

— Gold: £17,239 ($22,000)
— Silver: £12,537 ($16,000)
— Bronze: £8,619 ($11,000)

Australia

— Gold: £10,186 ($13,000)
— Silver: £7,836 ($10,000)
— Bronze: £5,485 ($7,000)

So how do athletes make money?

Not every Olympic athlete will place in the top three, and even if they did, most Olympians only go to the games once.

So how else do they make money?

Well according to The Telegraph, income sources range from plain ol’ day jobs to OnlyFans accounts and social media money.

Other athletes may secure brand deals through their work or get government or charitable grants.

This year, musician Flava Flav began supporting the US women’s Olympic water polo team after learning many of them were working ” one, two and three jobs.”

58% of Olympic athletes did not consider themselves financially stable when asked at the 2020 Tokyo Olympics, Forbes reports.

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This Olympic Athlete Schooled A TikTok User Who Commented On Her BMI, And It’s Deliciously Satisfying

In a recent TikTok, US rugby player Ilona Maher shared a comment she’d gotten on a previous video.

It read, “I bet that person has a 30% BMI” (it seems she was referencing a BMI of 30, which is the point at which a person is officially classed as “obese” by the index).

“Hi, thank you for this comment. I think you were trying to roast me, but this is actually a fact,” Ilona began her video in response to the remark.

“I do have a BMI of 30. Well, 29.3 to be even more exact. I’ve been considered ‘overweight’ my whole life,” the professional athlete explained.

The rugby player broke down how BMI works

After sharing that she had been classed as “overweight” as the result of a physical she’d completed in high school, the rugby star said, “I was so embarrassed.”

Since then, though, things have changed.

“I chatted with my dietician, because I go off of, you know, facts,” she explained, “and we talked about BMI. And we talked about how it really isn’t helpful for athletes,” she said.

That’s because muscle is denser than fat, meaning a square inch of muscle will be heavier than a square inch of fat; you can have a very low body fat percentage (the thing doctors tend to worry about) while maintaining a high weight, especially as a sportsperson.

“BMI doesn’t tell you much. It just tells you your height and weight and what that equals,” Ilona shared. “I’m 5′10″, 200 pounds ― and I have about, and this is an estimate, but about 170 pounds of lean muscle,” she added.

That puts her body fat percentage at 15% (that’s at the lower limit of the Royal College of Nursing’s recommended body fat percentage for women aged 20-40, which is 15% to 31%).

Maher added, “BMI doesn’t really tell you what I can do… So, I do have a BMI of 30. I am considered ‘overweight.’ But alas, I’m going to the Olympics, and you’re not.”

BMI has long had its faults

Not only is BMI not very useful for athletes, but it wasn’t even devised to measure people’s health.

Lambert Adolphe Jacques Quetelet came up with it in the 1830s as a part of his measure of the “average” man, which he saw as aspirational. (“Average” to Quetelet was, of course, exclusively Western European men.)

Researchers from the Perelman School of Medicine, University of Pennsylvania, have published an article in the journal Science which shared that BMI “is an inaccurate measure of body fat content and does not take into account muscle mass, bone density, overall body composition, and racial and sex differences.”

Nick Trefethen, Professor of Numerical Analysis at Oxford University’s Mathematical Institute, also told The Economist in a letter that the calculations of the index are off.

“We live in a three-dimensional world, yet the BMI is defined as weight divided by
height squared. It was invented in the 1840s, before calculators, when a formula had to be very simple to be usable.”

“As a consequence of this ill-founded definition, millions of short people think they are thinner than they are, and millions of tall people think they are fatter,” he wrote.

Take THAT, Wii Fit circa 2008…

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Here’s How People Are Reacting To The Wild Paris Olympics Opening Ceremony

The Paris Olympics opening ceremony had it all, and people are… processing.

The ceremony, billed as one of the most ambitious ever, featured a parade of boats along the Seine, with a series of fun and quirky shows along the banks as well as some prerecorded segments. It replaced the typical format of a parade of nations inside a stadium.

Athletes, some wearing ponchos over their uniforms, kept their spirits high despite rainy weather, waving from their boats.

Lady Gaga stunned with a very va-va-voom rendition of Zizi Jeanmaire’s Mon Truc En Plumes on a set of stairs by the river, surrounded by enormous plumes of pink feathers.

In another segment, headless women dressed in red — representing the ill-fated queen of France, Marie Antoinette — appeared in the windows of a grand building amid bursts of fire and an energetic performance by heavy metal band Gojira. This was followed by opera music.

Elsewhere, dancers in pink, including a woman dressed as a croissant, partied in the streets.

There was also a catwalk showcasing out-there French designs, and at one point, a semi-naked blue man — French singer Philippe Katerine — sang as he lay on a plate of fruit and flowers on the runway. Also, Minions. And in one prerecorded bit, apparently the beginning of a ménage à trois?

Throughout the show, viewers were shown clips of a hooded figure carrying the Olympic torch, leaping and bounding across Parisian rooftops, in a nod to The Phantom of the Opera.

Towards the end of the night, a silver rider bearing the Olympic flag on a mechanical horse appeared to gallop down the Seine, eventually delivering the flag to be hoisted at Place du Trocadero.

As the Olympic torch approached its final destination, the Eiffel tower beamed out a dazzling light show. After the cauldron was lit, Celine Dion brought the night to a magnificent end with an electrifying comeback performance perched on the Eiffel Tower.

As the ceremony played out, some viewers were delighted by the French-ness of it all. Others took issue with the boat parade format. Some simply had no idea what was happening.

“WHAT IS GOING ON,” one user wrote, sharing a clip of the Marie Antoinette moment.

“A beheaded Marie Antoinette is one of the wildest and craziest things ever at the Olympics,” said another.

“Impressed that the French planned their Olympic ceremony and decided ‘and then we’re gonna show off one of our main cultural exports, the ménage a trois!’ and then they did,” another commenter posted.

See some of the other reactions below.

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if you’re not watching the olympic opening ceremony the main torchbearer is a masked vigilante wearing keens and les miserables-style revolutionary rags who entered on a boat to the phantom of the opera theme and is now doing parkour around paris to techno. extremely french

— molly taft (@mollytaft) July 26, 2024

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if you’re not watching the olympic opening ceremony the main torchbearer is a masked vigilante wearing keens and les miserables-style revolutionary rags who entered on a boat to the phantom of the opera theme and is now doing parkour around paris to techno. extremely french

— molly taft (@mollytaft) July 26, 2024

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“Then Marie Antoinette’s head will segue us into a sequence celebrating the ménage a trois…”

— Matt Bevan (@MatthewBevan) July 27, 2024

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“Then Marie Antoinette’s head will segue us into a sequence celebrating the ménage a trois…”

— Matt Bevan (@MatthewBevan) July 27, 2024