The Truth About How Most Olympic Athletes Make Money
Simone Biles did lose a shot at six figures by pulling out of most of her event finals at the Tokyo Olympics.
If she had swept all six with gold medals, she could have earned $196,875: $37,500 per individual gold (x5), plus $9,375 for her 25 percent share of a team gold from the U.S. Olympic & Paralympic Committee (which has increased all medal payouts by 50 percent since Rio). Instead, she left with $5,625 (her cut of a $22,500 silver), plus a $15,000 bronze for her performance on the balance beam.……
America Sports Olympics Entertainment International
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