How much do Australian athletes earn for winning an Olympic medal?

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How much do Australian athletes earn for winning an Olympic medal? image

With so much success in the opening week at the Tokyo Olympic Games, many might be wondering how much our Aussie athletes are making in the financial department. 

The likes of Ariarne Titmus, Emma McKeon and Jessica Fox have earned gold medals and high praise for their efforts, and will be raking in some decent coin as well.

But in reality, while it will sound like good money for the average battler here, our athletes are ranked relatively low in regards to medal bonuses at the Olympics.

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.

Compare that to the United States, and we are coming up pretty short. American athletes receive $50,000 for gold, $30,000 for silver and $20,000 for bronze.

Other countries with less athletes competing are given far more for medal-winning efforts, with Singapore topping the charts with around $1 million for a gold medal.

Here's a full breakdown of Olympic medal bonuses in 2021. (Source: National Olympic Committees. All figures converted to AUD as of July 30). 

COUNTRY GOLD MEDAL SILVER MEDAL BRONZE MEDAL
Singapore $998,000 $500,000 $249,000
Kazakhstan $338,000 $203,000 $102,000
Malaysia $320,000 $96,000 $32,000
Italy $288,000 $145,000 $96,000
The Philippines $271,000 $134,000 $54,000
Hungary $227,000 $171,000 $130,000
Brazil $66,000 $39,000 $27,000
Japan $61,000 $24,000 $12,000
USA $51,000 $30,000 $20,000
South Africa $50,000 $26,000 $9,000
Canada $22,000 $16,000 $11,000
Australia $20,000 $15,000 $10,000

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