One country awards its medal winners $1 million!

However, that’s not the case.

The International Olympic Committeedoesn’t awardmonetary prizes, so it’s up to the athlete’s home country.

Gold medalists Lian Junjie and Yang Hao of Team China celebrate on the podium alongside silver medalists Thomas Daley and Noah Williams of Team GB and bronze medalists Rylan Wiens and Nathan Zsombor-Murray of Team Canada during the medal ceremony

5.Singaporeoffersmedalists six-figure sums based on the event they win.

6.Reportedly, 15 countries award gold medal winners six figures.

8.Any Malaysian athlete who wins a gold medal in Paris will also berewardedwith a foreign car.

Eiffel Tower lit up at night with the Olympic rings glowing in front, surrounded by bright light beams, signifying the Olympics event

9.Kazakhstanawardsits Olympic, Paralympic, and Deaflympic medalists with apartments.

The higher the medal, the bigger the apartment they get.

10.In New Zealand, gold medalists aregivenan annual bonus of $40,000 until the next Olympics.

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It’s the first ever international federation to give Olympic athletes cash prizes.

Athletes parade with national flags at an international sports event, led by three riders on horses

Nyjah Huston and Jagger Eaton, draped in American flags, proudly pose with silver and bronze medals at a skateboarding event in a sports arena

An athlete rowing

An Olympic gold medal

Badminton player  Aaron Chia of Team Malaysia lunges to hit the shuttlecock during a competitive match at Paris 2024, with another player positioned behind him. Crowd watches intently

Bertrand Rhodict Anak Lises and Nur Shazrin Mohamad Latif, Flagbearers of Team Malaysia, wave the flag on the athletes' parade team boat along the River Seine during the opening ceremony

Bronze medalist Gusman Kyrgyzbayev of Team Kazakhstan celebrates stands on a podium wearing a tracksuit with an Olympic medal around his neck

Gold medallist Nico Porteous of Team New Zealand poses with medal, standing in front of the "Beijing 2022" Winter Olympics backdrop

Tom Daley and Noah Williams pose with their silver medals in front of a British flag at a sports event, wearing "Great Britain" team jackets

Sha'Carri Richardson leaping in mid-air, wearing a USA uniform and sneakers

Ingrit Lorena Valencia Victoria of Team Colombia and Yesugen Oyuntsetseg of Team Mongolia, wearing protective gear and uniforms, engage in a boxing match

Olympians taking a selfie with their medals