Olympic Medalists Set to Cash in on London 2012

OLYMPIC MEDALISTS SET TO CASH IN ON LONDON 2012 SINCE 1992, ATHLETES HAVE BEEN ALLOWED TO ACCEPT CASH AWARDS FROM THEIR GOVERNMENTS, NATIONAL OLYMPIC COMMITTEES, OR PRIVATE FOUNDATIONS THAT ARE THEIR PARTNERS. THE CASH BONUSES VARY WIDELY FROM COUNTRY TO COUNTRY, WITH SOME COUNTRIES OFFERING LITTLE MORE THAN THE UNIFORMS ON THEIR ATHLETES' BACKS AND OTHERS PROVIDING WINDFALLS THAT CAN SURPASS AVERAGE SALARIES MANY TIMES OVER. ON THE PODIUM THE TOP 3 PAYOUTS PER MEDAL Georgia $1,300,000 Azerbaijan $255,000 For GOLD For SILVER Azerbaijan $128,000 For BRONZE Moldova $6,200 LOWEST IN EUROPE For GOLD THE PRICE OF GOLD HOW COUNTRIES REWARD THEIR ATHLETES FOR WINNING GOLD GEORGIA SINGAPORE $708,800 $1,200,000 PHILIPPINES AZERBAIJAN THAILAND MALAYSIA $340,900 $510,000 $300,000 $307,000 UNITED ARAB KAZAKHSTAN EMIRATES ISRAEL $241,588 ITALY CYPRUS $250,000 $272,000 $172,200 $186,000 PAKISTAN $107,526 UKRAINE JAPAN $100,000 SPAIN IRAQ $90,000 RUSSIA $100,000 $125,000 $171,700 GERMANY AUSTRALIA CANADA UNITED STATES CHINA FRANCE $18,600 $20,000 $20,000 $25,000 $51,000 $61,500 ADDING TO THE POT COUNTRIES, CITIZENS, AND COMPANIES HAVE THEIR OWN WAY OF INCENTIVIZING ATHLETES IRAN SINGAPORE THE GOVERNMENT IS OFFERING TAJIKISTAN THE PRIME MINISTER ANNOUNCED AN $85,000 PAYMENT IN GOLD THAT PADDLER TIANWEI WHOM IS COINS TO GOLD MEDALISTS. ALL THE ONLY SINGAPOREAN TO WIN THE MAYOR OF DUSHANBE IS IRANIAN MEDALISTS HAVE ALSO AN INDIVIDUAL MEDAL IN 52 OFFERING A ONE BEDROOM BEEN PROMISED A FULL YEARS, WOULD BE GRANTED A APARTMENT IN THE CITY TO GOVERNMENT SALARY FOR THE $200,000 BONUS FOR WINNING EACH GOLD MEDALIST. REST OF THEIR LIVES. THE WOMEN'S SINGLES BRONZE TAJIKISTAN'S LARGEST MEDAL MATCH. PRIVATE BANK, PROMISED LUXURY CAR TO EACH GOLD MEDALIST. WEALTHY COUNTRIES, NOT ATHLETES AS FOR THE WESTERN WORLD, THINGS DON'T LOOK NEARLY SO LUCRATIVE. U.S.A Germany $25,000 $18,000 For GOLD For GOLD Denmark Canada $12,000 $20,000 For GOLD For GOLD THE HOST OF THE GAMES IS NOT OFFERING ANY BONUS AWARDS, ALTHOUGH SOME GOLD MEDALISTS COULD BE PAID $15,000 IN ROYALTIES IN EXCHANGE FOR ALLOWING THEIR IMAGE TO BE DEPICTED ON A POSTAGE STAMP. GREAT BRITAIN TAKE THAT TO THE BANK WHICH COUNTRY HAS PAID THE MOST WINNINGS FOR THEIR 2012 ATHLETES? RUSSIA TOTAL $6,100,000 24 GOLD $3,000,000 • 25 SILVER $1,875,000 • 33 BRONZE $1,650,000 AZERBAIJAN TOTAL $1,825,000 2 GOLD $1,020,000 • 2 SILVER $510,000 • 6 BRONZE $768,000 CHINA TOTAL UNKNOWN 38 GOLD $1,938,000 • 27 SILVER UNKNOWN • 32 BRONZE UNKNOWN USA TOTAL $1,875,000 46 GOLD $1,150,000 • 29 SILVER $435,000 • 29 BRONZE $290,000 visual.ly SOURCE www.rferl.org/content/olympic-medalists-set-to-cash-in-at-london-2012/24653095.html http://bleacherreport.com/articles/1272327-olympic-medal-count-2012-updated-tracker-standings-and-list-of-winners/page/2 www.examiner.com/article/congrats-michael-phelps-how-much-money-did-he-and-other-olympians-make