The previous few years have witnessed a steep rise within the prize cash given to athletes for successful worldwide accolades, particularly in Olympics. The current instance of the identical is weightlifter Chanu Saikhom Mirabai, who has bagged India’s sole medal on the Tokyo Olympics 2020 until now and for which she has been rewarded with good-looking money prize from her house nation and its totally different states.
As soon as Chanu won a silver medal in the ongoing Games, Union Minister for Railways Ashwini Viashnaw introduced Rs 2 crore reward for the younger weightlifter. Furthermore, Manipur Chief Minister M Biren Singh introduced Rs 1 crore reward whereas Indian Olympics Affiliation added a Rs 10 lakh reward to additional the Olympian’s winnings. These rewards are along with Rs 40 lakh that has been set by Indian Olympic Affiliation for silver medalists on the Tokyo Olympics 2020.
Notably, India isn’t the one nation that’s encouraging its athletes with profitable money rewards. As per studies, medalilsts from Southeast Asian nations (Brunei, Burma [Myanmar], Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) on the Tokyo Olympics are receiving lavish rewards for his or her accomplishments, along with a hero’s welcome after they return house.
The identical was witnessed when Philippines introduced a reward of at the very least 33 million Philippine pesos (round $600,000) for its weightlifter Hidilyn Diaz, who gained her nation’s first-ever Olympic gold medal in Tokyo. As per studies, she has additionally been supplied two properties and free flights for all times.
It’s price mentioning that the Worldwide Olympic Committee (IOA) doesn’t hand out prize cash to any athlete for ending within the prime three of an occasion, however gives the medals and sends an “Olympic diploma”, a certificates, to all those that end within the prime eight.
Nevertheless, most Olympic medal winners do obtain a money reward from their house Olympic committee, and prize cash allotted for gold, silver, and bronze medals are diverse throughout nations.
Right here we check out the nations who reward their respective medallists with the very best money prizes:
8) Australia
Canada and Australia share the eighth spot. Each nations reward their medallists with virtually the identical quantity as there’s only a slight distinction of $1000 between their money prizes.
Canada – Australia
- Gold: $16,000 – $15,000
- Silver: $12,000 – $11,000
- Bronze: $8,000 – $7,000
7) United States of America
The USA of America (USA), who has largely been on the highest of the medals tally, surprisingly comes on the seventh spot with $37,500 for Gold medallists.
- Gold: $37,500
- Silver: $22,500
- Bronze: $15,000
6) Japan and Brazil
Japan and Brazil come subsequent with $45,000 and $49,000, respectively for Gold winners.
Japan – Brazil
- Gold: $45,000 – $49,000
- Silver: $18,000 – $29,000
- Bronze: $9,000 – $20,000
5) INDIA
The Indian Olympic Affiliation (IOA) has set money prizes of Rs 75 lakh ($100,000 – approx.) for gold medallists and Rs 40 lakh and Rs 25 lakh for silver and bronze medallists respectively. Nevertheless, the winners additionally get extra money advantages from their respective state governments.
India (based mostly on IOC)
- Gold: INR 7,500,000 ($100,834)
- Silver: INR 4,000,000 ($53,778)
- Bronze: INR 2,500,000 ($33,611)
4) Hungary
Hungary is available in at fourth with a money prize of $168,000 for gold winners.
- Gold: $168,000
- Silver: $126,000
- Bronze: $96,000
3) Italy and Malaysia
Italy and Malaysia are within the third spot.
Malaysia – Italy
- Gold: $236,000 – $213,000
- Silver: $71,000 – $107,000
- Bronze: $24,000 – $71,000
2) Kazakhstan
Surprisingly, Kazakhstan gives the second-highest money rewards to its medallists.
- Gold: $250,000
- Silver: $150,000
- Bronze: $75,000
1) Singapore
Singapore is the very best rewarding nation which pays medalists round $737,000 for gold, $369,000 for silver, and $184,000 for bronze.
- Gold: $737,000
- Silver: $369,000
- Bronze: $184,000
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} on_load_google_ad(PWT);
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window.twttr = (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0], t = window.twttr || {}; if (d.getElementById(id)) return t; js = d.createElement(s); js.id = id; js.src = "https://platform.twitter.com/widgets.js"; fjs.parentNode.insertBefore(js, fjs); t._e = []; t.ready = function(f) {
t._e.push(f); }; return t; }(document, "script", "twitter-wjs")); }
//setTimeout(function() { on_load_google_ad(); }, 5000);
setTimeout(function() {
on_load_fb_twitter_widgets();
}, 5000);
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