That can be anywhere from $510,000 per gold medal in Azerbaijan, $180,000 for an Italian gold medal champion, $135,000 for a Russian who takes home the gold or $19,500 for a gold medal winning German. First, let it be said that the real Olympic windfalls come from being a gold medalist who scores some serious endorsements. U.S. Olympians, for example, earned $37,500 for each gold … The International Olympic Committee doesn't give prize money, but many countries reward their medalists with a bonus. VIDEO 0:53 00:53 Aside from the U.S. Olympic medal money bonuses in the table above, most other countries pay their own prizes. Taiwanese Olympic gold medal winners can get as much as 20 million New Taiwan Dollars, or $640,000, while silver medalists earn $223,000 and a bronze medalists earn $160,000. (Michael Phelps’ net worth is estimated at at least $50 million, and he didn’t earn that by giving swimming lessons on the side. Indonesia In the 2018 Games, there's just one athlete from Singapore who could capitalize on the big bonus. Silver medalists earn a cool $500,000 and bronze medalists get $250,000.

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