Six-figure payouts in 10 countries
There are 10 countries that provide a payout of six figures for a gold-medal performance, according to Forbes. Some countries even offer six-figure payouts for silver and bronze medals.
Do Olympians have to pay for their medals?
Most Olympians don't have to pay tax on their medals or prize money anymore thanks to a law passed in 2016.
Do countries get paid for Olympics?
Olympians typically receive monetary, and sometimes non-monetary, rewards from their countries for winning a place on the podium. For example, a gold winner for Team USA would clinch $37,500 for their efforts while their counterpart in Singapore would receive $737,000 — nearly 20 times more.
