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01-08-2024, 06:28 AM
Hong Kong and Singapore offer the highest payouts for their Olympic victors.
Cash incentives for Hong Kong athletes competing in Paris jumped 20% from the Tokyo Summer Olympics. Gold medalists will receive 6 million Hong Kong dollars ($768,000), Hong Kong’s chief secretary for administration, Chan Kwok-ki, announced early July. Silver and bronze medalists stand to earn HK$3 million and HK$1.5 million, respectively.
This year, the city is slated for hefty payouts due to an early crop of medals in swimming and fencing. Vivian Kong won Hong Kong’s first medal at the Paris Games, topping the podium in the women’s epee individual event. Fellow fencer Cheung Ka-long also won gold in the men’s individual foil event, while swimmer Siobhan Bernadette Haughey bagged a bronze medal in the women’s 200-meter freestyle.
Singapore gives Olympic medalists 1 million Singapore dollars ($745,300) for gold, SG$500,000 for silver and SG$250,000 for bronze. The city-state has only dispensed the top cash bonus to one athlete: Joseph Schooling. The now retired swimmer defeated the United States’ Michael Phelps in the 100-meter butterfly at the Rio Olympics in 2016 to win gold.
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Cash incentives for Hong Kong athletes competing in Paris jumped 20% from the Tokyo Summer Olympics. Gold medalists will receive 6 million Hong Kong dollars ($768,000), Hong Kong’s chief secretary for administration, Chan Kwok-ki, announced early July. Silver and bronze medalists stand to earn HK$3 million and HK$1.5 million, respectively.
This year, the city is slated for hefty payouts due to an early crop of medals in swimming and fencing. Vivian Kong won Hong Kong’s first medal at the Paris Games, topping the podium in the women’s epee individual event. Fellow fencer Cheung Ka-long also won gold in the men’s individual foil event, while swimmer Siobhan Bernadette Haughey bagged a bronze medal in the women’s 200-meter freestyle.
Singapore gives Olympic medalists 1 million Singapore dollars ($745,300) for gold, SG$500,000 for silver and SG$250,000 for bronze. The city-state has only dispensed the top cash bonus to one athlete: Joseph Schooling. The now retired swimmer defeated the United States’ Michael Phelps in the 100-meter butterfly at the Rio Olympics in 2016 to win gold.
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