How much money does an Olympic gold medalist make?

Answer by  Skullwing (746)

The Olympics are not designed as a money-making venue for athletes and cash purses are not awarded with the medals. Athletes from poorer countries will generally not make much profit from their efforts. Athletes in the US, UK, etc make some money through corporate sponsorships or professional team salaries.

Answer by  harwoodkp (376)

That all depends on what country you are in. Some countries pay an athlete upt to $1,000,000 for a gold. In other country you can earn millions on sponsors.

Answer by  rbiales (3441)

Actually, people pay to become Olympic athletes. They are amateur athletes, not professionals, though many go pro afterwards and winning a medal is a real door opener.

Answer by  hahagal (983)

Depending on the the amount of endorsement that the medalist can recieve, they can make millions of dollars and plenty of options for future endorsement. If there is little endorsement then they can make to upwards of 50,000 or more if they medal, less if they do not medal or not make the team.

Answer by  worker7587 (37)

Olympic gold medalist normally make 4- 5 crores doing various endorsement for many products. they also charge for their personal appearances in public

Answer by  tamarawilhite (17883)

The United States pays gold medal winners $25,000 for each medal. Other than that, all money they make is from endorsement deals, which depends on the individual.