Money Countries Pay Athletes Winning Olympic Gold Medals

by Sameer Arshad | Posted on Saturday, February 15th, 2014 | 2

How much is a gold medal worth to a winning athlete in Sochi 2014 Winter Olympics. Here is the country by country breakdown of cash bonuses for winning medals in winter olympics.
Value of Sochi Olympics 2014 gold medalsEver wondered how much money olympic athletes recieve for winning the Olympic Gold Medals ? well to begin with it all depends on the country/federation they are from but the value of metals which are used in the medals are same.

Value of Medals in Sochi Olympics

  1. Gold: $566
  2. Silver: $325
  3. Bronze: $3

Cash Rewards to Medals Winners by Countries:

But the real money comes from the the athletes countries/federations who pay the medals winners specific amount of money and that varies from country to country. Below chart will guide you through what some of the big countries paying to medals winners in 2014 Sochi Olympics.

Highest paying countries for winning medals at sochi olympics 
Country Gold Silver Bronze
Azerbaijan $510,000  $255,000 $130,000
Kazakhstan $250,000 $150,000 $75,000
Latvia $192,000
Italy $191,000
Belarus $150,000 $75,000 $50,000
Ukraine  $150,000 $75,000 $50,000
Australia  $126,000
Russian $113,000 $71,000 $42,000
United States  $25,000 $15,000 $10,000


Above are some details of what countries will be paying to athletes for winning the medals, while there are also some countries which dont pay anything at all, with the likes of Britain, Norway, Croatia and Sweden dont pay any bonus to their olympic medal winners.

While USA pay a mere $25,000 for Gold, $15K for Silver and $10k for Bronz medal, and american athletes also have to pay the tax in this bonus worth 39.7%.

But having said that many big winter olympic country athletes don’t need these bonuses anyway. The real value of winning a gold medal in olympics in United States is way more than in any country if we take into consideration the endorsement deals athletes gets. Most of Vancouver gold medal winners get endorsement deals in millions a year.

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Formula one fan, blogger, designer and entrepreneur. Knows thing or two about a thing a two of sports, tweak codes, make cool infographs.

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