Here’s how much athletes at the Paris Olympics earn for winning medals

The Paris 2024 Olympics are well underway, with dozens of medals already awarded.

Aside from a medal, a stuffed toy of the Olympic mascot and a “mystery” box containing the official event poster, some medalists receive additional financial rewards for their efforts.

While the International Olympic Committee does not award prize money for winning medals, several countries reward their athletes with medal bonuses.

Below are some of the payouts, based on information gathered by CNBC from national Olympic committees, sports associations and local reports.

Hong Kong and Singapore offer the highest payouts for their Olympic victories.

Cash incentives for Hong Kong athletes competing in Paris increased by 20% from the Tokyo Summer Olympics. Gold winners will receive 6 million Hong Kong dollars ($768,000), Hong Kong’s Chief Secretary for Administration Chan Kwok-ki announced in early July. Silver and bronze medal winners stand to earn HK$3 million and HK$1.5 million respectively.

This year, the city is set for big payouts due to an early crop of medals in swimming and fencing. Vivian Kong won Hong Kong’s first medal at the Paris Games, topping the podium in the women’s individual epee event. Fellow fencer Cheung Ka-long also won gold in the men’s individual foil event, while swimmer Siobhan Bernadette Haughey took a bronze medal in the women’s 200m freestyle.

Singapore gives Olympic medalists 1 million Singapore dollars ($745,300) for gold, SG$500,000 for silver and SG$250,000 for bronze. The city-state has awarded the top cash bonus to only one athlete: Joseph Schooling. The now-retired swimmer defeated USA’s Michael Phelps in the 100m butterfly at the 2016 Rio Olympics to win gold.

Other governments dangling six-figure cash rewards for their gold medal winners include Israel, Malaysia, Kazakhstan and Indonesia. Israel is reportedly bidding one million Israeli shekels ($270,537) for a gold medal, marking a 50% jump over what was offered for the Tokyo Games.

Host country France has also reportedly increased its cash incentives. Gold winners are expected to receive 80,000 euros ($86,528) – 15,000 euros more than it offered at the Tokyo Olympics.

Some give rewards to athletes outside of the podium places. Germany’s Sports Aid Foundation awards cash prizes up to eighth place at the Olympic Games. Gold winners receive 20,000 euros.

India’s Olympic athletes receive monetary rewards from both the government and its national sports body, according to local media. The government gives gold medalists 7.5 million rupees ($90,000), while the Indian Olympic Association offers 10 million rupees each.

In addition to or instead of cash, some athletes may receive additional winnings, such as apartments and cars from both governments and private companies.

Kazakhstan’s Olympic athletes can reportedly earn $250,000 for a gold medal, $150,000 for silver and $75,000 for bronze. The state also awards flats to medal winners.

Local media reports that Malaysia’s National Sports Council is offering a reward of 1 million ringgit ($215,563) to individual gold medalists, while silver medalists are expected to get 300,000 ringgit and bronze medalists will be awarded 100,000 ringgit. Some private companies in Malaysia reportedly offered other incentives, such as luxury serviced apartments or extra cash.

All athletes who manage to secure a podium finish will also be given a “foreign-made car”, according to a local media report of remarks by Malaysia’s Minister of Youth and Sports, Hannah Yeoh.

South Korean medalists are awarded pensions in addition to the prize money.

On top of a 63 million Korean won windfall ($43,288), local media reports that South Korea’s gold medalists will also be given the option of either a lifetime monthly pension of one million won or a lump sum of 67.2 million won.

A silver winner earns 35 million won, and a bronze winner gets 25 million won.

Some athletes could also receive other gifts such as free drinks and transportation.

Hong Kong public transport operator MTR Corp. will give free lifetime tickets to the city’s medalists, according to local media.

In addition to 200,000 Polish zlotys ($50,374) from the Polish Olympic Committee, Klaudia Zwolińska is also set to receive a painting, a holiday voucher, a scholarship and a diamond for claiming silver in the women’s canoe slalom K1 competition.

Olympians have often received lopsided tokens of appreciation.

A local chain promised athletes representing Malaysia at the Tokyo Games would get free food and tarik for life, according to local media. Teh tarik is a hot milk tea drink popular throughout Southeast Asia.

Japanese table tennis player Kasumi Ishikawa was given 100 bags of rice after winning a silver medal at the Tokyo Games. Indonesian badminton gold medalists Apriyani Rahayu and Greysia Polii were reportedly bequeathed five cows, a meatball restaurant and a new house.

Athletes from Great Britain, Norway and a handful of other countries receive no direct cash bonus for placing on the podium.

Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the US broadcast rights holder for all Summer and Winter Games through 2032.