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Originally published by Nation Sports
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August 12, 2024
1y ago

Fat paycheck: Medallists to reap big from Olympics

Fat paycheck: Medallists to reap big from Olympics

Two Hong Kong fencers will pocket Sh99.8 million each...

✨ Key Highlights

Kenyan Olympic medallists are set to receive substantial financial rewards from both World Athletics and the Kenyan government following their performances at the 2024 Paris Olympic Games. This comes as various nations and sports bodies are increasing prize money for athletes.

  • Beatrice Chebet will receive a total of Sh19 million for her two gold medals in the 5,000m and 10,000m, comprising Sh13 million from World Athletics and Sh6 million from the Kenyan government.
  • World Athletics is awarding Sh6.5 million ($50,000) to all gold medallists in track and field events, totaling Sh312 million from IOC revenue, marking a historic first for the Olympics.
  • The Kenyan government's revised reward scheme offers Sh3 million for gold, Sh2 million for silver, and Sh1 million for bronze, with additional incentives like diplomatic passports for gold medallists and world record holders.
  • Hong Kong fencers Edgar Cheung Ka-long and Vivian Kong Man Wai received the highest individual payouts globally, each pocketing Sh99.8 million for their gold medals.

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