Current:Home > My2024 Paris Paralympics: Paychecks for Medal Winners Revealed -Wealth Evolution Experts
2024 Paris Paralympics: Paychecks for Medal Winners Revealed
View
Date:2025-04-16 15:26:14
A lot of winners will be leaving Paris with medals and some cash in hand.
When athletes make their way to the winners' podium at the 2024 Paralympics to take home their gold, silver or bronze medal, they’ll also be taking some money. Although funding varies by country, equal pay is a highlight for many this year.
For Team USA Paralympians, the U.S. Olympic and Paralympic Committee awards the same bonuses as their Olympic counterparts, with gold medalists being awarded $38,000, silver medalists with $23,000 and bronze medalists with $15,000, according to CNBC.
Of the change made in 2018—previously, gold earned $7,500, silver with $5,250 and bronze with $3,750 per the New York Times—swimmer Brad Snyder told Team USA ahead of the 2024 Games, “I’m proud to note are the same for Olympians and Paralympians, not only made winning that much sweeter, but also allowed me to make significant investments for my future.”
The move—called Operation Gold—was implemented after topping the charts at the PyeongChang Winter Games, with USOC CEO Sarah Hirshland saying at the time, “Paralympians are an integral part of our athlete community and we need to ensure we’re appropriately rewarding their accomplishments.”
Eligible athletes and their dependents also continue to receive healthcare packages, per the USOC website. It’s a package that includes medical care, therapy, mental health service, vision and access to sports medicine facilities.
Meanwhile, the Canadian Paralympic Committee shared this January that the country’s Paralympians would receive a bonus for the first time beginning at the 2024 Paris Games—and it’s equal to what Olympians are awarded. Gold medalists will come home with 20,000 Canadian dollars ($14,786 in USD), silver with CA$15,000 and bronze with CA$10,000.
It was a relief for Canadian Paralympians like 14-time swimming medalist Aurélie Rivard, who earned bronze during the 50m freestyle Aug. 29.
"The first word that came out of my mouth was 'finally,'” she told CBC earlier this year. “We've been pushing for this for a long time. I was so relieved and happy and also proud of my country, of my federation, of everybody that contributed to it."
Host country France also announced in March that it would be doling out award money for its athletes. Gold medal winners receive 80,000 euros ($89,000), silver with 40,000 euros and 20,000 euros for bronze, according to the country’s National Sports Agency. The same goes for Spain, which also received a grant that provides Paralympians with the same bonus as Olympic medalists for the first time in history—94,000 euros for gold, 48,000 euros for silver and 30,000 euros for bronze.
Other countries, including Australia, Israel and South Korea, are also awarding the same pay as their Olympians for the 2024 Games. However, Malaysia has been providing equal cash rewards for its Paralympians and Olympians since 2016, leading the equal pay system.
Despite the collective changes made by several countries, not all have followed suit. For instance, Hong Kong would award 1.5 million Hong Kong dollars ($192,333) to Paralympic gold medalists, while their Olympic counterparts were given HK$6 million ($768,000 USD). And Singapore’s gold Paralympic medals receive 500,000 Singapore dollars ($380,000 USD)—half of what Olympic medalists do.
When the issue of award disparity was brought up in Singapore’s parliament in 2016, Minister Grace Fu Hai Yien shared that nongovernmental entities determine the rewards and are funded mainly by private sponsorships.
“Our focus has been on providing a sustained, structured and comprehensive support system to help our Team Singapore athletes for podium positions at Major Games,” she said of the government’s role. “Instead of focusing on post-podium rewards, we believe our role is to support our athletes upfront in their journey to the podium.”
(E! News and CNBC are part of the NBCUniversal family.)
For the latest breaking news updates, click here to download the E! News AppveryGood! (84)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Court Sides with Arctic Seals Losing Their Sea Ice Habitat to Climate Change
- Clarence Thomas delays filing Supreme Court disclosure amid scrutiny over gifts from GOP donor
- Leaking Well Temporarily Plugged as New Questions Arise About SoCal Gas’ Actions
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Personalities don't usually change quickly but they may have during the pandemic
- Picking a good health insurance plan can be confusing. Here's what to keep in mind
- Shannen Doherty says breast cancer spread to her brain, expresses fear and turmoil
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- We'll Have 30 Secrets About When Harry Met Sally—And What She's Having
Ranking
- Trump issues order to ban transgender troops from serving openly in the military
- Save 75% on Kate Spade Mother's Day Gifts: Handbags, Pajamas, Jewelry, Wallets, and More
- The Ice Bucket Challenge wasn't just for social media. It helped fund a new ALS drug
- Clarence Thomas delays filing Supreme Court disclosure amid scrutiny over gifts from GOP donor
- Trump's 'stop
- 15 Practical Mother's Day Gifts She'll Actually Use
- Abortion is legal but under threat in Puerto Rico
- A public payphone in China began ringing and ringing. Who was calling?
Recommendation
Highlights from Trump’s interview with Time magazine
Check Out the Most Surprising Celeb Transformations of the Week
Inside the Love Lives of The Summer I Turned Pretty Stars
Reward offered for man who sold criminals encrypted phones, unaware they were tracked by the FBI
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Do Hundreds of Other Gas Storage Sites Risk a Methane Leak Like California’s?
North Dakota Republican Gov. Doug Burgum launches 2024 run for president
What Would a City-Level Green New Deal Look Like? Seattle’s About to Find Out