"While the International Olympic Committee awards no prize money, many countries offer their own cash bonuses to podium finishers. Singapore is the most generous, offering $792,000 for an individual gold medal. Hong Kong isn't far behind at $768,000 for gold. Poland takes a creative approach, giving gold medalists $211,000 plus a Toyota Corolla, a two-room apartment, a painting, a holiday voucher, and jewelry. Italy, the host nation, offers $214,000 for gold. South Korea awards $208,000-and some athletes receive Omega watches."
"Then there's the United States, which awards gold medalists just $37,500. That seems pretty stingy until you learn that Norway, which boasts the most medals in Winter Games history, pays nothing at all."
Many countries offer cash bonuses to Olympic podium finishers despite the International Olympic Committee awarding no prize money. Singapore pays $792,000 for an individual gold medal and Hong Kong pays $768,000. Poland awards $211,000 plus a Toyota Corolla, a two-room apartment, a painting, a holiday voucher and jewelry. Italy pays $214,000 for gold and South Korea $208,000, with some athletes receiving Omega watches. The United States awards $37,500 for a gold medal. Norway pays no cash despite having the most medals in Winter Games history. National approaches to rewarding athletes differ significantly.
Read at Entrepreneur
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