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The current highest cost of hosting the Olympic Games was the 2016 Rio de Janeiro Summer Games, costing approximately US$11.1 billion. In order to meet the requirements set out by the International Olympic Committee (IOC), [4] the Rio de Janeiro council had to invest heavily in building the necessary facilities/venues, and an entirely new subway line.
#7. 2012 London Summer Games. Cost (in 2021 dollars): $13.3 billion. London's theme for its 2012 Olympic bid was "a model for social inclusion." Still, like Rio de Janeiro, Londoners were promised ...
From Athens 2004 - which some say contributed to Greece's financial crash - to Russia spending a staggering $22 billion on its winter games, the Olympics have racked up some serious bills.
The 1984 Summer Olympics are widely considered to be the most financially successful modern Olympics, [5] serving as an example on how to run an Olympic Games. As a result of low construction costs, due to the use of existing sport infrastructure, coupled with a reliance on private corporate funding, [ 6 ] the 1984 Games generated a profit of ...
This article details standard incentives given to Olympic athletes for winning a medal either by their National Olympic Committee, the government of their country/territory, or both. While the International Olympic Committee itself does not provide monetary rewards to Olympic medalists, many countries provide prize money to athletes for winning ...
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Los Angeles has twice played host to the summer Olympic Games: in 1932 and in 1984, both of which were profitable, the latter being the most profitable Olympics in history, with profits of over $200 million. When the tenth Olympic Games were hosted in 1932, the former 10th Street
A turn toward extravagance. Forty years ago, the Olympics were also at a crossroads. After the 1968 Mexico City Games and 1972 Munich games were marked by deadly violence and the 1976 Montreal ...