Frequent question: How much does it cost to make an Olympic gold medal?

How much does a gold medal cost the winner?

As part of “Operation Gold,” an initiative the USOPC launched in 2017, U.S. Olympians who reach the podium receive payments of $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze. Pots are divvied up evenly to each member in team competitions, according to CNBC.

Do Olympians get paid?

Heading into Tokyo, our athletes are rewarded $20,000 for gold, $15,000 for silver and $10,000 for bronze, which is largely consistent with the 2016 Games in Rio.

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COUNTRY Australia
GOLD MEDAL $20,000
SILVER MEDAL $15,000
BRONZE MEDAL $10,000

How much is Tokyo gold medal worth?

The medals awarded at this year’s Tokyo Games are composed of a variety of metals. Olympic gold – The gold medal contains 550 grams of silver ($490) covered in 6 grams of gold plating ($380). That puts its monetary value at about $870. Olympic silver – The silver medal is made of pure silver.

How much does Russia pay for Olympic medals?

Incentives by Country (USD equivalent in 2021)

Countries Gold Bronze
Spain $111,562 $35,605
Bulgaria $91,008 $54,605
Serbia $71,210 $47,473
Russia $61,000 $26,000

How much does Canada pay for Olympic medals?

Through the Canadian Olympic Committee’s Athlete Excellence Fund, for every bronze, silver or gold medal won at the Games, Canadian athletes are given $10,000, $15,000 and $20,000, respectively, whether you’re an individual athlete or play on a team.

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