India among countries with highest cash-rewards for Olympic medalists - Check out the complete list
#8 Australia and Canada
Canada and Australia come at the eighth spot. Both countries reward $16,000 and $15,000 to their gold medalists, respectively.
Canada - Australia
Gold: $16,000 - $15,000
Silver: $12,000 - $11,000
Bronze: $8,000 - $7,000
#7 United States of America
The United States of America, who have almost always been on the top of the medals tally, surprisingly some at seventh spot with $37,500 for Gold medalists.
United States of America
Gold: $37,500
Silver: $22,500
Bronze: $15,000
#6 Japan and Brazil
Japan and Brazil come next with $45,000 and $49,000, respectively for Gold winners.
Japan - Brazil
Gold: $45,000 - $49,000
Silver: $18,000 - $29,000
Bronze: $9,000 - $20,000
#5 India
The Indian Olympic Association (IOA) has set cash prizes of Rs 75 lakh ($100,000 - approx.) for gold medalists and Rs 40 lakh and Rs 25 lakh for silver and bronze respectively. However, the state governments announced additional cash benefits to motivate their athletes to medals at Tokyo Olympics.
India (based on IOC)
Gold: INR 7,500,000 ($100,834)
Silver: INR 4,000,000 ($53,778)
Bronze: INR 2,500,000 ($33,611)
#4 Hungary
Hungary comes in at fourth with a cash prize of $168,000 for gold winners.
Hungary:
Gold: $168,000
Silver: $126,000
Bronze: $96,000
#3 Italy and Malaysia
Italy and Malaysia come at the third spot.
Malaysia - Italy
Gold: $236,000 - $213,000
Silver: $71,000 - $107,000
Bronze: $24,000 - $71,000
#2 Kazakhstan
Kazakhstan, surprisingly, comes at a second spot. Their athletes will get a whopping $250,000 if they win a gold medal for the country.
Kazakhstan
Gold: $250,000
Silver: $150,000
Bronze: $75,000
#1 Singapore
If you are an athlete from Singapore, and you represent your country then you have chance to win a mind-boggling $737,000 if you win gold in an Olympics.
Singapore:
Gold: $737,000
Silver: $369,000
Bronze: $184,000