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Prior to the RA 10699, standard government incentives were codified under the RA 9064 or the National Athletes, Coaches and Trainers Benefits and Incentives Act of 2001, which mandates a prize money of ₱5 million for Olympic gold medalists, ₱2.5 million for silver medalists and ₱1 million for bronze medalists. [47]
According to Newsweek’s breakdown of winnings at the 2020 Olympics, U.S. Olympians earn $37,500 for every gold medal, $22,500 for each silver medal and $15,000 for bronze medals. With Biles’s ...
Track and field athletes, in addition, will get a cash prize at this year's Paris Olympics; CNN reported that World Athletics, the governing body of track and field, will award gold medalists ...
At the 2022 Winter Olympic Games in Beijing, US athletes received a total of $5.6 million in payments for medal performances through “Operation Gold.”. For instance, the US Olympic ...
Note: The International Gymnastics Federation recommended to the IOC that the medals of the Chinese team be stripped, and awarded to the fourth-placed United States team, as it was revealed that Dong Fangxiao was underage (14, with age limit >16) at the time. The IOC upheld the FIG decision in April 2010.
Biles joined Mary Lou Retton in 1984, Shannon Miller in 1992, and Nastia Liukin in 2008, in winning five women's gymnastics medals at a single Olympics, along with Szabo (Roumania, 1984), Nadia Comaneci (Roumania, 1976), and Karin Janz (East Germany, 1972). Olga Mostepanova (USSR) also won five gold medals at the Alternate Olympics in 1984.
[3] [4] Latynina has the most medals of any female athlete in Olympic history, with 18. She won six medals in each Olympic Games that she competed in, winning the individual all-around titles in 1956 and 1960. [3] Astakhova won two medals in 1956, four medals in 1960, and four medals in 1964. She won the uneven bars golds in 1960 and 1964. [4]
HelloTickets compiled a list of which countries pay the most per medal with Hong Kong leading the way with $768,000 for gold, $384,000 for silver and $192,000 for bronze.