Current:Home > Finance2024 Paris Paralympics: Paychecks for Medal Winners Revealed -VitalEdge Finance Pro
2024 Paris Paralympics: Paychecks for Medal Winners Revealed
View
Date:2025-04-11 15:24:50
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! (94)
Related
- Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
- 13 Reasons Why’s Tommy Dorfman Reveals She Was Paid Less Than $30,000 for Season One
- Cambodia’s Hun Sen, Asia’s longest serving leader, says he’ll step down and his son will take over
- Prosecutors charge woman who drove into Green Bay building with reckless driving
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Golden Fire in southern Oregon burns dozens of homes and cuts 911 service
- Bronny James, LeBron James' oldest son and USC commit, hospitalized after cardiac arrest
- 10,000 red drum to be stocked in Calcasieu Lake estuary as part of pilot program
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- This Mississippi dog is a TikTok star and he can drive a lawnmower, fish and play golf
Ranking
- Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
- Lucas Grabeel's High School Musical Character Ryan Confirmed as Gay in Disney+ Series Sneak Peek
- Gen Z progressives hope to use Supreme Court's student loan, affirmative action decisions to mobilize young voters
- Malaysia's a big draw for China's Belt and Road plans. Finishing them is another story
- From bitter rivals to Olympic teammates, how Lebron and Steph Curry became friends
- Lionel Messi shines again in first Inter Miami start, scores twice in 4-0 win over Atlanta
- Police end search of Gilgo Beach murder suspect's home after seizing massive amount of material
- Attorney for ex-student charged in California stabbing deaths says he’s not mentally fit for trial
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Michael Jackson sexual abuse lawsuits on verge of revival by appeals court
3 US Marines found dead inside car at North Carolina gas station near Camp Lejeune
Chinese and Russian officials to join North Korean commemorations of Korean War armistice
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Booksellers seek to block Texas book ban on sexual content ratings in federal lawsuit
Love the outrageous costumes from ‘The Righteous Gemstones?’ Get the look for yourself.
Gigi Hadid Spotted for the First Time in Public Since Arrest