Current:Home > Finance2024 Paris Paralympics: Paychecks for Medal Winners Revealed -VitalWealth Strategies
2024 Paris Paralympics: Paychecks for Medal Winners Revealed
View
Date:2025-04-13 10:47:13
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! (1697)
Related
- Intel's stock did something it hasn't done since 2022
- Nordstrom Rack's Epic Clear the Rack Sale Is Here With $13 Dresses, $15 Jackets & More 80% Off Deals
- Who gets the first peek at the secrets of the universe?
- Bankman-Fried is arrested as feds charge massive fraud at FTX crypto exchange
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- A college student created an app that can tell whether AI wrote an essay
- Plastic-eating microbes from one of the coldest regions on Earth could be the key to the planet's waste problem
- Beyoncé dances with giant robot arms on opening night of Renaissance World Tour
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Transcript: Rep. Lauren Underwood on Face the Nation, May 14, 2023
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- One of Grindr's favorite podcasts; plus, art versus AI
- Most of us are still worried about AI — but will corporate America listen?
- 2 more suspects arrested in deadly kidnapping of Americans in Mexico
- Sonya Massey's father decries possible release of former deputy charged with her death
- Teacher missing after shark attack off Australia; surfboard found with one bite in the middle
- Popular global TikToks of 2022: Bad Bunny leads the fluffle!
- What we lose if Black Twitter disappears
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Bobi, the world's oldest dog, turns 31 years old
Scientists identify new species of demon catshark with white shiny irises
Prepare to catch'em all at Pokémon GO's enormous event in Las Vegas
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Multiple people killed amid new fighting in Israel and Palestinian territories as Egypt pushes truce
Nick Lachey Ordered to Take Anger Management Classes After Paparazzi Incident
Rev. Gary Davis was a prolific guitar player. A protégé aims to keep his legacy alive