Current:Home > Finance2024 Paris Paralympics: Paychecks for Medal Winners Revealed -EliteFunds
2024 Paris Paralympics: Paychecks for Medal Winners Revealed
View
Date:2025-04-17 16:16:19
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! (759)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Jury awards $116M to the family of a passenger killed in a New York helicopter crash
- Son arrested in killing of father, stepmother and stepbrother
- What the Cast of Dance Moms Has Been Up to Off the Dance Floor
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Ex-Memphis police supervisor says there was ‘no need’ for officers to beat Tyre Nichols
- Joel Embiid, Philadelphia 76ers agree to three-year, $192.9M extension
- Martha Stewart says 'unfriendly' Ina Garten stopped talking to her when she went to prison
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- The Truth About Tia and Tamera Mowry's Relationship Status
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Ford recalls over 144,000 Mavericks for rearview camera freeze
- Angelina Jolie Reveals She and Daughter Vivienne Got Matching Tattoos
- Elle King says she didn't want 'to hurt' dad Rob Schneider after speaking 'her truth'
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Court takes ‘naked ballots’ case over Pennsylvania mail-in voting
- NASCAR 2024 playoff standings: Who is in danger of elimination Saturday at Bristol?
- Over 137,000 Lucid beds sold on Amazon, Walmart recalled after injury risks
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Gilmore Girls Star Kelly Bishop Shares Touching Memories of On-Screen Husband Ed Herrmann
New Jersey Devils agree to three-year deal with Dawson Mercer
The Eagles deploy pristine sound, dazzling visuals at Vegas Sphere kickoff concert: Review
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Meta bans Russian state media networks over 'foreign interference activity'
Small town South Carolina officer wounded in shooting during traffic stop
The Daily Money: How the Fed cut affects consumers