The International Olympic Committee does not award cash prizes to the winners. Many countries, however, do offer cash prizes and other incentives to medalists. In 2012, American competitors who won Olympic medals were rewarded in cash by the US Olympic Committee. Gold medal winners received $25,000, Silver medal winners received $15,000, and Bronze medal winners received $10,000. However, the real money is earned through commercial endorsements. Some Olympians get paid a performance bonus from sponsors for winning a medal and may sign commercial endorsements that could wind up paying them millions.
Thierry Henry
It has been a tradition since the original olympics between the greek city-states, when the winners received olive wreathes! From then on, each host nation has commissioned and designed flower bouquets for the medal winners.
In figure skating, the list of Olympic Gold Medal winners from Great Britain is short. British men won back-to-back titles with John Curry winning in 1976, and Robin Cousins in 1980. Jeannette Altwegg was the ladies' champion in 1952. Jayne Torvill and Christopher Dean, undoubtedly the most famous British figure skaters of all time, won the ice dancing medal in 1984. As of 2014, no British team has ever won the Olympic Gold Medal in pairs skating.
Only U.S. Olympic athletes are liable to pay income tax on medals earned and prizes received at the London games. Under U.S. tax law, they must add the value of their Olympic medals and prizes to their taxable income. At today's commodity prices, the value of a gold medal is about $675. A silver medal is worth about $385 while a bronze medal is worth under $5. There are also prizes that accompany each medal: $25,000 for gold, $15,000 for silver, and $10,000 for bronze.
There are hundreds of Olympic gold medal winners alive as of 2013.
Kanu
No, the IOC does not pay medal winners.
Japan
they receive a medal
As of the 2008 Games in Beijing, no athlete from Madagascar has ever won an Olympic medal.
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2
They get a sack of masa
Yes
Yes, India pays olampic medal Winner's.
Gagan Saina Nehwal