Global Incentives for Olympic Medalists: A Diverse Array

The International Olympic Committee doesn't offer monetary rewards, but countries across the globe have unique incentives for their athletes returning with gold, silver, or bronze.

Published August 05, 2024 - 00:08am

5 minutes read
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The International Olympic Committee (IOC) does not grant monetary rewards to medalists at the Paris 2024 Olympics. However, numerous countries and regions offer various incentives to their athletes who return home with medals.

Many of these incentives come in the form of financial bonuses, but they can be much more diverse, ranging from exemption from mandatory military service to cars and apartments, and even free meal deliveries for an extended period.

Here is a look at some of the rewards provided to gold, silver, and bronze medalists around the world:

South Korea

In South Korea, winning any Olympic medal, regardless of its color, grants athletes an 18-month exemption from mandatory military service required for all able-bodied males before the age of 28. Winning a gold medal at the Asian Games offers the same exemption, which was achieved by Tottenham Hotspur's football star Heung-min Son in Jakarta in 2018 to avoid the military service period.

Additionally, the six South Korean archers at the Tokyo Olympics, who clinched gold in four out of five events, all received cars from Hyundai, the team's sponsor.

Poland

Polish athletes who win gold medals in individual competitions receive a cash bonus of 250,000 zloty (approximately $63,000), along with a two-bedroom apartment, diamonds, a piece of art, and vouchers for vacations. Generous cash rewards and other prizes are also given to silver and bronze medalists.

Indonesia

In Indonesia, Apriyani Rahayu and Greysia Polii, who won gold in the women's doubles badminton at the Tokyo Olympics three years ago, were promised several rewards ranging from new homes from a real estate developer to meals from a meatball restaurant owned by a social media influencer. Apriyani was also promised five cows, a plot of land, and a house by the head of her hometown district in South Sulawesi, according to the national news agency Antara. Other reports indicated that the state-owned PT Pegadaian promised the duo three kilograms of gold. Moreover, Tourism Minister Sandiaga Uno stated that they could enjoy free holidays at five major tourist destinations in the country.

Jordan

When Ahmad Abughaush won Jordan's first-ever Olympic gold medal in taekwondo (68 kg) at the Rio Olympics, the Jordanian National Olympic Committee awarded him 100,000 dinars (around $140,000) and gave his coach about half that amount. Abughaush also received numerous other rewards and gifts from local companies, including a car and a luxury watch, while King Abdullah II bestowed upon him the First Class Independence Medal.

Philippines

Hidilyn Diaz, who made history by winning the first-ever Olympic gold for the Philippines in weightlifting at Tokyo, was awarded two residential properties and promoted to the rank of sergeant in the Philippine Armed Forces. Philippine Olympic Committee President Abraham Tolentino revealed that he had previously provided homes and land to winning athletes at his own expense.

Iraq

In Iraq, officials reported that each member of the Iraqi football team received more than 9 million dinars (approximately $7,200) and a plot of land for qualifying for the Olympics. Weightlifter Ali Ammar Yasser was awarded a car and a plot of land upon qualifying for the games, and he was promised $1 million if he brought home a bronze or better medal in weightlifting.

Malaysia

The first Malaysian athlete to win a gold medal in Paris will not have to worry about hunger, as transportation and delivery company Grab has promised free meal deliveries for a year. Winners will receive a car from Chery and a luxury apartment from a real estate developer, according to the Malaysian government.

India

When Neeraj Chopra won a gold medal in javelin throw in Tokyo, airline IndiaGo promised him unlimited free air travel for a year, and a businessman pledged to give him a new seven-seater car.

Singapore

After Joseph Schooling's historic performance at the Rio 2016 Olympics, where he defeated the legendary Michael Phelps in the 100-meter butterfly event, transport company Grab offered free rides for a year to him and his family, a reward he shared with a blind masseur and a Paralympic swimmer. Singapore Airlines awarded him 1 million frequent flyer miles, while the government provides 1 million Singapore dollars (approximately $750,000) to each gold medalist.

Hong Kong

In Hong Kong, gold medalists Vivian Kong Man Wai (fencing) and Cheung Ka Long (foil) will receive lifetime subway travel tickets from the city government, and the announcement was made to extend similar rewards to all other medalists. The Hong Kong Jockey Club offers a prize of 6 million Hong Kong dollars (about $770,000) to each gold medalist. Furthermore, gym chain Pure provides lifetime memberships to all 35 Hong Kong athletes participating in Paris.

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