Know if the 2024 Paris Paralympics offer a prize money
Considering their emphasis on gold at the Olympics and Paralympics, Team USA is providing financial support this year.
The 11-day competition began with an opening ceremony that was, as always, breathtaking, and promises to be another captivating event. The disparity in compensation that these athletes experience is a fascinating topic to discuss, especially considering how many athletes compete to represent their countries and disabilities. World Athletics pays significantly more than World Para Athletics in Paralympics.
For the first time, international federations gave medallists cash prizes at the Olympics this year.
Paris Paralympics 2024 winner prize money and medals size, weight and gold composition
Sadly, international sports federations do not provide cash prizes for Paralympic competitions.
Therefore, World Para Athletics wasn’t feeling as giving as World Athletics was when it came to paying Olympic medallists.
World Athletics distributed £1.9 million in total, however the World Para Athletics governing body does not have an equivalent pool. However, this does not imply that all athletes will fail to win anything.
A few national committees have confirmed that if their athletes place in the medal hunt, they will receive payment.
Which competitors could earn money in the Paralympics in 2024?
Team United States began providing equal prize money to Olympians and Paralympians for the first time in 2021.
$37,500 (£28,400) will be awarded by the national committee to the gold medallists, $22,500 (£17,045) to the silver, and $15,000 (£11,360) to the bronze.
A little portion of what the USA pays its athletes will be paid by Hong Kong. The Olympic gold medallists received 644,000 Hong Kong Dollars (HKD), or roughly £63,400. The winners of the silver medal took home 322,000 HKD (£31,700), while the bronze winners took home 161,000 HKD (£15,800). A sixth of this will go to their Paralympians.
Wow. 🇫🇷#Paris2024 pic.twitter.com/BimZP7xQP9
— ParalympicsGB (@ParalympicsGB) August 28, 2024
Australia will award AU $20,000 (£10,300) to medal winners. Bronze will receive AU $10,000 (£5,100) and silver AU $15,700 (£7,700).
Team GB will not receive cash award in 2024. In Britain, however, things are done a little differently. Athletes receive yearly training grants in place of compensation, which they can use to support both their everyday needs and their athletic endeavours.
The UK government set earmarked £232 million for British athletes competing in the Olympics and Paralympic Games.
The topic of underpayment for Olympic and Paralympic athletes in general should also be discussed, as there is still a long way to go before paralympic athletes receive salaries on par with their non-para counterparts. The summer games, and inevitably the Para Games, will undoubtedly demonstrate this point through their high calibre and entertaining programme.
Medals composition for the Paris 2024 Paralympic Games
85 mm in diameter
9.2 mm thick
18 g Eiffel Tower insert
529 g gold medal
525 g silver medal
455 g bronze medal
The medals are genuine jewels designed by the Chaumet jewellery house and minted by the Monnaie de Paris and to enable visually impaired athletes to distinguish the three metals by touch, lines are engraved on the edge of the medal.