Derek Lunsford made bodybuilding history last year, flexing his way to the 2023 Mr. Olympia title.
It was a coronation of sorts for Lunsford, a 5-6, 225-pound tour de force who is the only man to capture the tournament's top prize in both Mr. Olympia and 212 Mr. Olympia (2021).
He's one of a cadre of talents hoping to make similar inroads in the competition come 2024. The annual event, a staple of the bodybuilding calendar, returns to the fore starting Thursday, Oct. 10.
Lunsford will have to fight off stiff competition from the likes of Hadi Choopan, Samson Dauda and other members of the bodybuilding elite. If he can retain his title as the world's best muscle flexer at 225 pounds, Lunsford could join the likes of Ronnie Coleman, Lee Haney and Arnold Schwarzenegger as back-to-back winners in the famous event.
With that, here's a look at how prize money is expected to be doled out at Mr. Olympia 2024.
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Mr. Olympia 2024 purse
The total purse for the 2024 Mr. Olympia has yet to be announced, but it is predicted to break the record $1.6 million purse from last year.
The purse was previously set at $1.4 million from 2015-2020.
How much money does the winner of Mr. Olympia get?
The winner of Mr. Olympia is the only event champion to bring home six figures, with last year's champion getting $400,000. It has the highest payout of all the events, coming in around $750,000 split between top finishers.
Ms. Olympia has the second-highest payout of the rest of the events, coming in at $95,000.
Mr. Olympia prize money 2024
The total prize money and distribution has yet to be announced, but the winner of Mr. Olympia typically receives $400,000 and the winners of all other events typically receive $50,000.
This section will be updated when the payouts are announced.
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Mr. Olympia 2023 prize money results
For the third straight year, the winner of Mr. Olympia received $400,000 in prize money, followed by $150,000 to the runner-up and $100,000 to the third-place winner.
The payouts for those in fourth and fifth places in each event increased ever so slightly from 2021.
Mr. Olympia
| Place | Name | Prize money |
| 1. | Derek Lunsford | $400,000 |
| 2. | Hadi Choopan | $150,000 |
| 3. | Samson Dauda | $100,000 |
| 4. | Brandon Curry | $40,000 |
| 5. | Andrew Jacked | $35,000 |
212 Olympia
| Place | Name | Prize money |
| 1. | Keone Pearson | $50,000 |
| 2. | Shaun Clarida | $20,000 |
| 3. | Angel Calderon Frias | $10,000 |
| 4. | Kerrith Bajjo | $6,000 |
| 5. | Ahmad Ashkanani | $4,000 |
Ms. Olympia
| Place | Name | Prize money |
| 1. | Andrea Shaw | $50,000 |
| 2. | Angela Yeo | $20,000 |
| 3. | Alcione Barreto | $12,000 |
| 4. | Sherry Priami | $7,000 |
| 5. | Natalia Kovaleva | $6,000 |
Men's Physique Olympia
| Place | Name | Prize money |
| 1. | Ryan Terry | $50,000 |
| 2. | Brandon Hendrickson | $20,000 |
| 3. | Erin Banks | $12,000 |
| 4. | Emmanuel Hunter | $7,000 |
| 5. | Diogo Montenegro | $6,000 |
Men's Classic Physique Olympia
| Place | Name | Prize money |
| 1. | Chris Bumstead | $50,000 |
| 2. | Ramon Rocha Queiroz | $20,000 |
| 3. | Urs Kalecinski | $10,000 |
| 4. | Breon Ansley | $7,000 |
| 5. | Terrence Ruffin | $6,000 |
Women's Bikini Olympia
| Place | Name | Prize money |
| 1. | Jennifer Dorie | $50,000 |
| 2. | Maureen Blanquisco | $20,000 |
| 3. | Ashley Kaltwasser | $12,000 |
| 4. | Lauralie Chapados | $7,000 |
| 5. | Elisa Pecini | $6,000 |
Women's Figure Olympia
| Place | Name | Prize money |
| 1. | Cydney Gillon | $50,000 |
| 2. | Jessica Reyes Padilla | $20,000 |
| 3. | Lola Montez | $12,000 |
| 4. | Cherish Richardson | $7,000 |
| 5. | Natalia Soltero | $6,000 |
Women's Fitness Olympia
| Place | Name | Prize money |
| 1. | Oksana Grishina | $50,000 |
| 2. | Taylor Learmont | $20,000 |
| 3. | Jaclyn Baker | $12,000 |
| 4. | Ariel Khadr | $7,000 |
| 5. | Whitney Jones | $6,000 |
Women's Physique Olympia
| Place | Name | Prize money |
| 1. | Sarah Villegas | $50,000 |
| 2. | Natalia Abraham Coelho | $20,000 |
| 3. | Zama Benta | $12,000 |
| 4. | Brooke Walker | $7,000 |
| 5. | Anne-Lorraine Mohn | $6,000 |
Women's Wellness Olympia
| Place | Name | Prize money |
| 1. | Francielle Mattos | $50,000 |
| 2. | Isabelle Nunes | $20,000 |
| 3. | Elisa Alcantara | $12,000 |
| 4. | Rayane Fogal | $7,000 |
| 5. | Gisele Machado | $6,000 |
