Monday, August 20, 2012

The Daily Stat: Olympic Gold Yields Huge Government Payments in Some Countries

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AUGUST 20, 2012
Olympic Gold Yields Huge Government Payments in Some Countries
Russia will have to pay $12.7 million to make good on its promise to pay each of its Olympic gold medalists $135,000, its silver medalists $82,000, and its bronze medalists $54,000, according to Forbes. Countries reward Olympians with varying amounts: The BBC has claimed that Kazakhstan pays $250,000 per gold medal. The U.S., by contrast, pays $25,000.
Source: United States Tops Olympic Medal List, But Is Third to China and Russia in Bonus Payouts
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