Current:Home > News2024 Paris Paralympics: Paychecks for Medal Winners Revealed -EliteFunds
2024 Paris Paralympics: Paychecks for Medal Winners Revealed
View
Date:2025-04-19 08:52:20
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! (62)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Gigi Hadid Joins Bradley Cooper and His Mom for Dinner After Golden Globes 2024
- David Foster's Daughter Sets the Record Straight on Accusation He Abandoned His Older Kids
- Singer, actress Halle Bailey announces birth of son: Welcome to the world my halo
- Stamford Road collision sends motorcyclist flying; driver arrested
- Time to give CDs a spin? Certificate of deposit interest rates are highest in years
- Pennsylvania Senator sends letter demanding details of baby formula recall
- Shocking TV series 'Hoarders' is back. But now we know more about mental health.
- Meet first time Grammy nominee Charley Crockett
- Cable car brought down by fallen tree in Austrian skiing area, injuring 4 people on board
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Police name dead suspect in 3 Virginia cold cases, including 2 of the ‘Colonial Parkway Murders’
- Farewell to Earnest Jackson, the iconic voice behind Planet Money's 'Inflation' song
- J.J. McCarthy 'uncomfortable' with Jim Harbaugh calling him the greatest MIchigan quarterback
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- J.J. McCarthy 'uncomfortable' with Jim Harbaugh calling him the greatest MIchigan quarterback
- Rays shortstop Wander Franco released from Dominican jail amid ongoing investigation
- Busy Washington state legislative session kicks off with a focus on the housing crisis
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Gillian Anderson Reveals Why Her 2024 Golden Globes Dress Was Embroidered With Vaginas
Golden Globe-nominated Taylor Swift appears to skip Chiefs game with Travis Kelce ruled out
Elderly man with cane arrested after Florida police say he robbed a bank with a knife
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Maryland governor signs executive order guiding AI use
Oscar Pistorius released on parole after serving almost 9 years for killing girlfriend Reeva Steenkamp
'Suits' stars reunite at Golden Globes without Meghan: 'We don't have her number'