“This opportunity comes once in a lifetime, yo.”
The celebrated quote from iconic rapper Eminem’s “Lose Yourself” forms the premise for many athletes at the Olympic Games. After all, most of the debutants are unsure if they will get a chance to return to this marquee sports meet a second time. As a result, they perform like there’s no tomorrow.
Like every other country, Malaysia, too, has a few athletes in its contingent who are making their first appearance at the Olympics in 2024. Naturally, they have a hunger to prove their mettle on the grandest stage of them all and end up on the podium. Should any of them succeed in this challenging endeavour, lucrative rewards await them besides the medals.
However, before we discuss at length what these lucrative rewards are, here are the important details about the Paris Olympics 2024 that you need to keep in mind:
- Date: 26 July to 11 August
- Venue: Paris, France
A veteran at the Olympic Games, Malaysia has been a regular at the sports meet since 1956. Therefore, it is unfortunate that we have not won a single gold medal in the event’s history. To date, we have won a total of 13 medals — eight silver and five bronze.
With a strong pool of badminton players, Malaysia will be hoping to see its first-ever gold medal winner in 2024. However, the likes of Aaron Chia, Soh Wooi Yik, and Lee Zii Jia will have their tasks cut out for them since they will be facing the strongest shuttlers of the modern era.
As mentioned above, it won’t just be medals that await the athletes on the podium. While the organisers do not offer cash rewards to the medal winners, every country’s governing body handsomely rewards its medallists.
Curious to know how much your favourite Malaysian athletes might pocket? No need to fret, for we have got you covered. Scroll down to find out the Paris Olympics 2024 prize money that Malaysia’s medal-winning athletes will receive and how the payouts compare to what the rest of the countries have to offer.
A look at the Paris Olympics 2024 prize money for Malaysian medal-winning athletes
According to reports, the Olympic Council of Malaysia has announced the following prize money structure for the medal-winning Malaysian athletes at the Paris Olympics 2024:
- Gold: USD 216,000 (MYR 995,328)
- Silver: USD 65,000 (MYR 299,520)
- Bronze: USD 22,000 (MYR 101,376)
Now, while the payouts are lucrative, a pertinent question arises:
How do Malaysia’s cash rewards fare against those of other countries?
The Malaysian medal-winning athletes at the Paris Olympics 2024 will receive one of the highest prize money sums in the world. In fact, we rank sixth in the world in terms of what our gold medallists will get to take home.
For context, Hong Kong offers the highest cash reward to its gold medal winners at the Paris Olympics 2024 (USD 768,172).
Here is a look at the top 10 countries offering the largest payouts to the gold medal winners at the Paris Olympics 2024:
- Hong Kong: USD 768,172
- Singapore: USD 745,000
- Indonesia: USD 300,000
- Israel: USD 271,000
- Republic of Kazakhstan: USD 250,000
- Malaysia: USD 216,000
- Spain: USD 102,000
- France: USD 87,000
- South Korea: USD 45,000
- United States of America: USD 38,000
Where to watch the Paris Olympics 2024 in Malaysia
Fans in Malaysia can watch the Paris Olympics 2024 on Astro, RTM and UniFi TV, the official broadcasters of the event here.
(Main and Featured Images Credits: Olympic Council of Malaysia/Instagram)
This article first appeared here
Frequently Asked Questions (FAQs)
The Malaysian athletes participating in the Paris Olympics 2024 will receive the following remuneration according to their performances: USD 216,000 (MYR 995,328) for a gold medal, USD 65,000 (MYR 299,520) for a silver medal and USD 22,000 (MYR 101,376) for a bronze medal.
A Malaysian athlete who wins a gold medal at the Paris Olympics 2024 will receive USD 216,000 (MYR 995,328).
Hong Kong offers the highest payout to the gold medal-winning athletes (USD 768,172).
The gold medals being distributed at the Paris Olympics 2024 are primarily composed of silver (92.5 per cent). They are plated with six grams of pure gold.
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Uddipta writes about sports and watches besides occasionally venturing into the world of automobiles and technology. He was associated with the Indian Express in the capacity of a sub-editor at their Lifestyle desk. A journalism and mass communication student from Xavier Institute of Communications, Mumbai, Uddipta devotes most of his leisure time to photography and filmmaking. He has contributed photographs to Vogue Italia and several exhibits, and has directed award-winning short films screened at film festivals in India and abroad.
