Current:Home > Finance2024 Paris Paralympics: Paychecks for Medal Winners Revealed -WealthMindset
2024 Paris Paralympics: Paychecks for Medal Winners Revealed
View
Date:2025-04-15 19:42:15
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! (1585)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Kaley Cuoco Details How Daughter Matilda Is Already Reaching New Heights
- Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
- Jennifer Love Hewitt Shares What’s “Strange” About Being a Mom
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Portland strip club, site of recent fatal shooting, has new potential tenant: Chick-fil-A
- Pairing of Oreo and Sour Patch Kids candies produces new sweet, tart cookies
- Marvin Harrison Jr., Joe Alt among 2024 NFL draft prospects with football family ties
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Connecticut Senate passes wide-ranging bill to regulate AI. But its fate remains uncertain
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Arizona grand jury indicts 11 Republicans who falsely declared Trump won the state in 2020
- Broadway review: In Steve Carell’s ‘Uncle Vanya,’ Chekhov’s gun fires blanks
- Judge orders anonymous jury for trial of self-exiled Chinese businessman, citing his past acts
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- A hematoma is more than just a big bruise. Here's when they can be concerning.
- Another Republican candidate to challenge Democratic Sen. Elizabeth Warren
- Biden just signed a bill that could ban TikTok. His campaign plans to stay on the app anyway
Recommendation
Sam Taylor
Chet Holmgren sets tone as Thunder roll Pelicans to take 2-0 series lead
Reggie Bush will get back 2005 Heisman Trophy that was forfeited by former USC star
'Call Her Daddy' host Alex Cooper marries Matt Kaplan in destination wedding
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
8 years after the National Enquirer’s deal with Donald Trump, the iconic tabloid is limping badly
Bird flu outbreak is driving up egg prices — again
Magnet fisher uncovers rifle, cellphone linked to a couple's 2015 deaths in Georgia