Rio 2016 gold medallists and their national rewards

1.1882620-659443202 — Singaporean swimmer Joseph Schooling, front right, poses for a photo. Image Credit: AP

Athletes who have made the sport their life and won medals for their representative country are often rewarded with money, apartments and even retirement plans. Some countries like South Korea, India and Azerbaijan also reward coaches for training these star athletes.

US $500,000 or more (More than Dh1,836,500)

Taiwan

Gold US $952,000 (approximately Dh3,500,000)

Singapore

Gold US $745,264 or 1 million Singaporean dollars (approximately Dh2,737,000)

US $100,000 to US$500,000 (More than Dh367,295)

Indonesia, Malaysia, Thailand, Russia, Philippines, and Brazil are reported to be paying more than US $250,000 (approximately Dh918,300) to their gold medal winners according to a CNN report. Some countries like Romania and Malaysia also offer retirement plans or monthly income for life rewards for medal winners.

In some countries, individual or business sponsors also announce rewards for Olympic medallists.

See our story on a Dubai expat who offered rewards to Indian medallists

Less than US $100,000 (Less than Dh367,295)

United States

Gold – US $25,000 (around Dh91,823)

According to reports, silver medallists get US $15,000 (around Dh55,000) and bronze medallists get US $10,000 (around Dh36,729) from the USOC

China

Gold US $36,000 (around Dh132,300)

Britain

Olympic medallists from Great Britain get no monetary rewards from the British government or sports authorities.

Other rewards

Apartments

Countries such as Kazakhstan as well as Trinidad and Tobago reward their athletes with apartments. Kazakhstan gold, silver and bronze medallists will get three-bedroom, two-bedroom apartment and one-bedroom apartments. The report also lists Ukraine, China and Trinidad and Tobago who gifted their star athletes with apartments as part of the reward.