5 Countries Offering Whopping Sum of Money to their Olympic Medalists, One is paying R10 Million
Countries of the world are competing with one another at the ongoing Tokyo Olympics and incentives are being promised to participants who coast home to victory. In a bid to motivate their representatives, many countries have promised them large amounts of money.
Briefly News presents five countries offering six-figure payouts to their Olympic medalists.
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1. Singapore
Any Singaporean that brings home a gold medal gets 1 million Singapore dollars (R10.6 million). This is the highest payout for an individual gold medalist, according to Forbes.
A silver medalist gets of 500,000 Singapore dollars (R5 million) and a bronze medalist receives 250,000 (R2.6 million).
Source: Getty Images
2. Taiwan
An individual that brings home a gold medal receives 20 million New Taiwan dollars (R10 million).
Source: Getty Images
3. Indonesia
Bringing home gold medal to Indonesia gives an individual 5 billion Indonesian rupiah (R5 million).
The best Indonesian performer in Tokyo so far is Eko Yuli Irawan. He has captured a silver in the men’s 61-kilogram division of weightlifting.
Source: Getty Images
4. Bangladesh
Bangladesh, which has never won an Olympic medal, has promised to pay about $300,000 (R50 000) for an individual gold medalist.
Silver medalist will receive about $150,000 and bronze medalist will be given $100,000 (R16 000).
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Source: Getty Images
5. Kazakhstan
Individuals who bring home a gold medal in Kazakhstan receives $250,000 (R8 600) while silver a medalist gets $150,000 (R5 000)
A bronze medalist will get $75,000. And three Kazakhstani competitors already won bronze in weightlifting and judo.
Source: Getty Images
Tatjana Schoenmaker trended on social media for breaking Olympic Records
In similar news, Tatjana Schoenmaker broke her second Olympic record of the Tokyo Games on Wednesday night, doing the most through the 200m breaststroke preliminaries in 2min 19.16sec.
She was only five-hundredths of a second off the eight-year-old world record, and when she saw her time on the results board, she delighted and then cried.
Mzansi social media users have been rejoicing about Schoenmaker breaking yet another record in the Tokyo Olympics and have praised her online.
Schoenmaker impressed so far in the Olympics and Mzansi was glad to see that she has even more up her sleeve.
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Source: Briefly News
Kelly Lippke (Senior Editor) Kelly Lippke is a copy editor/proofreader who started her career at the Northern-Natal Courier with a BA in Communication Science/Psychology (Unisa, 2007). Kelly has worked for several Caxton publications, including the Highway Mail and Northglen News. Kelly’s unique editing perspective stems from an additional major in Linguistics. Kelly joined Briefly News in 2018 and she has 14 years of experience. Kelly has also passed a set of trainings by Google News Initiative. You can reach her at kelly.lippke@briefly.co.za.
Thando Mpembe Thando Mpembe is a sports journalist who has a passion for all things entertainment. In her spare time, Thando enjoys reading and spending time with family. She is an advocate for mental health and believes that a healthy body starts with a healthy mind. Thando holds an Honours Degree in Journalism from the University of Johannesburg. Her favourite quote is "Gentle reminder - you are not for everyone and that is a blessing". Email: thando.mpembe@briefly.co.za
