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2021: As a reward for their achievements, the gold medal winners receive Philharmonic coins worth €17,000. Silver medalists received €13,000, bronze medalists received €11,000 each. 2024: As a reward for their achievements, the gold medal winners receive Philharmonic coins worth €20,000. Bronze medalists received €14,000 each. [5] [6]
Teófilo Yldefonso, the first athlete to win an Olympic medal for the Philippines Hidilyn Diaz, the first athlete to win an Olympic gold medal for the Philippines. The Philippines made its Olympic debut during the 1924 Summer Olympics held in Paris, France [1] [2] with David Nepomuceno as the sole participant, competing in the men's 100 metres and 200 metres athletic events.
The Philippines has produced 67 gold, 114 silver and 229 bronze medals in the Asian Games since 1951. The Asian Games is a multi-nation, multi sports event held every four years and is the most prestigious games in Asia next to the Olympics.
“Presently, 1 gram of gold is valued at $74.94, while 1 gram of silver is priced at $0.73. Based on these prices, a gold medal is currently worth approximately $831.43.” ...
With the current price of gold, this makes the top prize at most Olympic games worth only about $600, as compared to more than $20,000 for the solid gold medals of the past.
Philippines gymnast won’t just be walking away from this summer’s Games with a medal—he also won a fully furnished $550,000 condo, over $300,000 in cash and colonoscopies for life.
The Philippine government and private sector pledged a combined sum of P15-million (US$340,909) for any athlete competing in the games who would win the country its first gold medal. [1] Though Willy Wang won the gold medal in Wushu, it was not included in the medal tally because the Wushu tournament was a demonstration sport in the Olympic Games.
At the 2024 Olympics, Yulo has won two gold medals. In addition to the furnished condo, the Philippine government will give Yulo 10 million Philippine pesos, or $172,519 USD.