In a bid to motivate their representatives, many countries have promised them large amounts of money.
Briefly Newspresents five countries offering six-figure payouts to their Olympic medalists.
Singapore
Any Singaporean that brings home a gold medal gets 1 million Singapore dollars (R10.6 million).
Freida Lim of Singapore in action during the preliminary round of the women’s 10 metre platform at the Tokyo Aquatics Centre on day ten of the Tokyo Olympics. Photo credit: Ramsey Cardy/SportsfileSource: Getty Images
This is the highest payout for an individual gold medalist, according toForbes.
Taiwan
An individual that brings home a gold medal receives 20 million New Taiwan dollars (R10 million).
Indonesia
Bringing home gold medal to Indonesia gives an individual 5 billion Indonesian rupiah (R5 million).
Taiwan’s Kuo Hsing-chun shows her gold medal after the victory ceremony of the women’s 59kg weightlifting competition in the Tokyo Olympics. Photo by Vincenzo Pinto/AFPSource: Getty Images
He has captured a silver in the mens 61-kilogram division of weightlifting.
Silver medalist will receive about $150,000 and bronze medalist will be given $100,000 (R16 000).
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And three Kazakhstani competitors already won bronze in weightlifting and judo.
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Bronze medalist Anthony Sinisuka Ginting of Indonesia (R) pose with other champions. Photo credit: Han Haidan/China News ServiceSource: Getty Images
Source: Briefly News
Thando MpembeThando Mpembe is a sports journalist who has a passion for all things entertainment.
In her spare time, Thando enjoys reading and spending time with family.
She is an advocate for mental health and believes that a healthy body starts with a healthy mind.
Bangladesh’s Diya Siddique competes in the women’s individual eliminations in the Tokyo 2020 Olympics. Photo by Adek Berry/AFPSource: Getty Images
Thando holds an Honours Degree in Journalism from the University of Johannesburg.
Her favourite quote is “Gentle reminder - you are not for everyone and that is a blessing”.
Email: thando.mpembe@briefly.co.za
Kamshybek Kunkabayev (blue) of Team Kazakhstan slugging it out with Richard Torrez Junior of the US. Photo credit: Buda MendesSource: Getty Images
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