4.6 • 12 Ratings
🗓️ 6 September 2024
⏱️ 4 minutes
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American medalists will earn a collective $8.3 million from the U.S. Olympic & Paralympic Committee, but two countries are paying even more for their athletes’ trips to the podium at the Paris Games.
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0:00.0 | Here is your Forbes Daily Briefing Bonus Story of the Week. |
0:04.0 | Today on Forbes, these countries are spending $1 million or more rewarding their Olympic medalists. |
0:11.0 | On the morning of August 4th, with the U.S. men's swimming team in danger of leaving Paris without an individual gold medal, |
0:18.0 | Bobby Fink uncorked a world record setting performance. |
0:22.0 | The 24-year-old dominated, winning the men's |
0:24.8 | 1500 meter freestyle event by almost four seconds. And he wasn't the only |
0:29.4 | American to top the podium that day. The US also claimed gold in the women's 4 by 100 |
0:34.7 | meter mixed medley relay, setting another world record in the process. |
0:38.6 | Overall, the U.S. claimed 28 swimming medals, 10 more than the next best country |
0:44.4 | participating in the Paris Games, and that's only a fraction of what Team USA |
0:48.3 | achieved at these Olympics overall. Americans reach the podium 126 times over the last few weeks, continuing the US streak |
0:56.2 | of collecting the most medals at the summer games dating back to Atlanta in 1996. |
1:02.4 | But success isn't cheap. The U.S. Olympic and Paralympic Committee or U.S. O.C. |
1:07.7 | supplies bonuses to its meddling athletes in addition to other grants and benefits like health |
1:12.4 | insurance. |
1:13.0 | The U.S. OPC is paying out $37,500 for gold, |
1:18.0 | 22,500 for silver, and $15,000 for bronze. |
1:23.0 | American Olympians are eligible to receive multiple bonuses |
1:26.6 | and get the same amount whether they won as an individual or as a member of a team. |
1:30.7 | For instance, all 12 members of the U.S. men's basketball team will receive $37,500 for winning gold, |
1:38.6 | not that their roster of mega-millionaires is hard up for cash. |
1:42.4 | All together, the American Olympic Committee will disperse 8.3 million dollars from the |
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