How much money will gold medal winners in Rio take home?

successful a gold medal at the Olympics is a lifestyles-altering expertise. that you may’t put a value on it. however, relying on where you’re from, you could are expecting a financial windfall.

When swimmer Joseph schooling edged out Michael Phelps and a tight box in the 100-meter butterfly event on Friday evening, he became the first athlete from Singapore to win a gold medal — and he will be the first to earn the u . s . a .’s $ 753,000 gold-medal bonus. That’s just about 30 times more cash than Michael Phelps or any other U.S. athlete would take residence for winning gold.

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With its inhabitants of 5.5 million (versus, for instance, New York city’s eight.17 million), the island metropolis-state Singapore has now received a grand complete of five Olympic medals: schooling’s gold, a pair of bronzes in desk tennis in 2012, a silver in 1960 in weight lifting, and a silver in desk tennis in 2008.

In distinction, the U.S. has received 1,071 gold medals and a pair of,698 total medals since the 1896 games in Athens — the kickoff of the Olympics’ up to date era — now not including the medals gained in Rio, where the likes of Goldman Sachs and PricewaterhouseCoopers have forecast the U.S. will garner greater than 100 medals. Already, the U.S. has racked up 50 medals in Rio, 20 of that are gold.

other countries, together with the U.okay., don’t provide money bonuses to medalists.

As competitors continues in Rio, executives with the global Olympic Committee and at nationwide sports activities federations have come under scrutiny over how little of the money generated with the aid of the video games trickles all the way down to the athletes.

in fact, prime athletes in the preferred sports can rack up thousands and thousands via endorsements, sponsorships and paid appearances. Gymnast Gabby Douglas has a stated internet worth of $ 3 million, while swimmer Michael Phelps boasts a reported net price of $ fifty five million.

Statista rounded up the prize cash being given out with the aid of 12 international locations to their successful athletes at the Olympic video games in Rio. The values are transformed to U.S. greenbacks. a more in-depth look at international locations’ gold-medal bonuses follows …

Medal counts are present as of Friday, Aug. 12.