Matooke Republic
Tuesday, June 24, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

2024 Paris Olympics: How countries reward their Olympic champions

Matooke Republic by Matooke Republic
August 6, 2024
in Featured Stories, Sports
Reading Time: 2 mins read
Uganda's Joshua Chepetegei will smile to the bank.

Uganda's Joshua Chepetegei will smile to the bank.

13
SHARES
Share on FacebookShare on Twitter

The Olympics are a time for celebration, achievement, and reward. While winning a medal is the ultimate goal for athletes, the financial rewards that come with it vary greatly from country to country.

Uganda’s Joshua Cheptegei made history by winning the 10,000-meter men’s final at the 2024 Paris Olympics, earning him a gold medal prize money of Shs100 million ($27,000) from the government. However, this amount pales in comparison to what other countries offer their medal-winning athletes.

Hong Kong leads the pack, rewarding its Olympic athletes with a staggering $768,500 (about Shs2.9 billion) for a gold medal, $384,000 (about Shs1.4 billion) for silver, and $192,000 (Shs715 million) for bronze. Singapore follows closely, offering $737,000 (about Shs2.7 billion) for individual gold medal winners, with team sports winners receiving approximately $1.5 million.

RELATED POSTS

Budo League nears finale as Guinness delivers premium match day experience

SC Villa’s new Serbian head coach Nemanja Milincic who was unveiled last Friday quits over contract dispute

Taiwan, competing under the name “Chinese Taipei,” provides its athletes with $720,000 (about Shs2.6 billion) for a gold medal, $252,000 for silver, and $180,000 for bronze, plus a one-time payment of $600,000 and a lifetime monthly stipend of $4,000.

Other countries offering impressive rewards for their Olympic champions include Indonesia, Kazakhstan, Malaysia, Israel, Spain, France and South Korea among others.

In contrast, some countries offer smaller prize money but have a large number of winners, resulting in substantial total payments. The United States, for example, offers $37,500 (about Shs139 million) for a gold medal, but American athletes can receive significant bonuses from national sports organizations.

Interestingly, some countries like the United Kingdom, New Zealand, Norway, and Sweden do not pay their winners, relying on sponsorships and government support for training and coaching.

The varying rewards for Olympic medal winners reflect each country’s unique approach to supporting its athletes and celebrating their achievements.

Related

Tags: 2024 Paris OlympicsCash PrizeReward
Share5Tweet3Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

Uganda's Joshua Cheptegei ringing the bell after winning the men's 10,000m race.

Why do athletes ring the Bell at the Paris 2024 Olympics? Here’s everything to know about the Bell which has become iconic

by Matooke Republic
11 months ago

...

L-R: Sprinter Tarsis Orogot, Winnie Nanyondo and Oscar Chelimo.

2024 Paris Olympics: Orogot, Chelimo among the five Ugandan athletes in action today

by Matooke Republic
11 months ago

...

Peruth Chemutai.

2024 Paris Olympics: Peruth Chemutai wins silver in Steeplechase

by Matooke Republic
11 months ago

...

L-R: Joshua Cheptegei, Jacob Kiplimo and Oscar Chelimo.

2024 Paris Olympics: Why Cheptegei and Kiplimo have withdrawn from 5000m race

by Matooke Republic
11 months ago

...

Tarsis Orogot.

Meet Tarsis Orogot: The 21-year-old university student with his eyes set on qualifying for the 200m final at the Paris Olympics

by Matooke Republic
11 months ago

...

Next Post
L-R: Joshua Cheptegei, Jacob Kiplimo and Oscar Chelimo.

2024 Paris Olympics: Why Cheptegei and Kiplimo have withdrawn from 5000m race

Opposition members of Parliament led by Joel Ssenyonyi.

Opposition MPs reject regional parliament sittings, saying Shs 5 billion for each sitting is 'total wastage'

RECOMMENDED

Budo League nears finale as Guinness delivers premium match day experience

June 23, 2025

SC Villa’s new Serbian head coach Nemanja Milincic who was unveiled last Friday quits over contract dispute

June 23, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3424 shares
    Share 1370 Tweet 856
  • Dj Karo finally wins over Cedric Babu’s heart, introduction underway

    174 shares
    Share 70 Tweet 44
  • National ID mass enrolment & renewal exercise: Here are the requirements you must have to get a new ID

    248 shares
    Share 99 Tweet 62
  • Cedric Babu Ndilima, son of Capt. Francis Babu, dies after battle with heart condition

    117 shares
    Share 47 Tweet 29
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    80 shares
    Share 32 Tweet 20
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.