What are the global rewards and prize money for a gold, silver and bronze medal winner at Tokyo Olympics 2021 from USA to India
Tokyo Olympics has now started after a delay of more than one year due to the Covid-19 pandemic. Moreover, it’s been 3 days of the Olympics and USA is on top with 9 gold medals and 22 in total followed by China’s 9 goals and a total of 21. So, what are the rewards for these players who are winning medals for their country? And how is the medal of Tokyo Olympics is made?
Tokyo Olympics Gold, Silver And Bronze Medal Winner Prize Money in Every Country
Different countries have announced their prize money for athletes who are taking part in the Olympics 2021. Furthermore, in India, several states have stood up and announced prize money for players. So, here is a list of countries and their prize money for winner at the Tokyo Olympics.
India
The governing body of the Olympics in India IOC has announced that they will be rewarded with Rs. 75 lakh rupees for the gold medal winners. Furthermore, they have also announced a bonus of Rs 1 lakh each for the players who are representing India in Tokyo. Apart from IOC, several states like Tamil Nadu and Uttar Pradesh have also announced that they will reward their players if they come with a medal.
- Gold Medal: Rs.75 Lakh
- Silver Medal: Rs.40 Lakh
- Bronze Medal: Rs.25 Lakh
USA
USA is one of the countries which bags the highest number of medals at the Olympics. The US Olympic and Paralympic Committee (USOPC) has announced massive prize money for their players.
- Gold Medal: $37,500
- Silver Medal: $22,500
- Bronze Medal: $15,000
UK
In recent times, the governing body of the UK has not announced any cash reward for its players.
Australia
Australian athletes can earn up to $20,000 at the Tokyo Olympics 2021.
- Gold Medal: $20,000
- Silver Medal: $15,000
- Bronze Medal: $10,000
What is the price design, composition, material and what is the Olympic medal made off?
The gold medal used at the Olympics is not pure gold. Furthermore, the time players were rewarded with an original gold medal was in 1912 Stockholm. After that, the Olympics Committee decided not to use pure gold as it is too costly.
Today, Olympic gold medals are made of 494 grams of silver and around six grams of gold used on it. That means the cost value of one winner’s medal would be around $815 which is around Rs.60,694. The silver medals are pure and are worth $445 or Rs.33,139. The Bronze medal is made up of 95% Copper and 5% tin or Zinc. Furthermore, the medals are 3 mm thick and 60 mm in diameter.
The Organizing Committee of the Olympics announced that the medals will be made of electronic recycling at the Tokyo Olympics. Moreover, electric wastes like mobile phones were reclaimed as materials for the medals.
ALSO READ: Top Players Who Can Win The Golden Boot At Tokyo Olympics 2021 Football