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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 ...
1948 -- London. $32,630,000. Due to World War II, the Olympic Games were not held in either 1940 or 1944. Although London had short notice that it would be hosting the 1948 Games, the city rose to ...
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 1988 Winter Olympic Games were the most expensive Games, summer or winter, to be held at that time, with total expenses exceeding CA$879.6 million. [76] [c] The high cost was anticipated, as organizers were aware at the outset of their bid that most facilities would have to be constructed. [23]
[f] The Games were the most expensive ever, with total spending of over $20 billion. [8] The Games were the fourth Olympic Games to be held in Japan, following the 1964 Summer Olympics , 1972 Winter Olympics , and 1998 Winter Olympics . Tokyo became the first city in Asia to hold the Summer Olympic Games twice.
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The most expensive Summer Games were Beijing 2008 at US$40–44 billion, [69] and the most expensive Winter Games were Sochi 2014 at US$51 billion. [ 70 ] [ 71 ] As of 2016, costs per athlete were, on average, US$599,000 for the Summer Games and $1.3 million for the Winter Games; for London 2012, the cost per athlete was $1.4 million, and the ...