5 Top-Grossing Olympic Athletes

AAA

The Olympic Games feature the top athletes in the world across many events. The 2012 Olympic Games feature around 300 events with competitors from over 200 nations. Sports in the Games include basketball, swimming, tennis, cycling, gymnastics and many others. One would assume those who make it to the Olympic Games are high-paid athletes as they're top contenders in their sports. The fact remains, training and competing is an athlete's full-time job but, the majority of athletes only receive small or no incomes at all. Athletes either receive income from playing in professional sports leagues or from sponsors. The International Olympic Committee (IOC) pays Olympic athletes zero dollars for competing in the games. National Olympic Committee's for each country generally do pay medal bonuses. For instance, the U.S. Olympic Committee pays $25,000 for gold, $15,000 for silver and $10,000 for bronze medals. When it comes to Olympic sports, very few athletes make big bucks. Research from the Track & Field Athletes Association found that roughly half of the athletes who ranked top 10 in the U.S. in their events made less than $15,000 a year from the sport. Very few are making millions. Those who do are some of the highest-paid athletes in the world. Check out a few of the top-grossing 2012 Olympic athletes.

  1. No results found.
Related Articles
  1. Investing

    What Does Winning A Gold Medal Mean For Your Finances?

    We look at how winning a gold medal at the Olympic games affects the athlete's, the team's and the country's bottom line.
  2. Insights

    How Athletes Get Funding for the Olympics

    Getting to the Olympics is no easy or affordable feat. Olympians have to rely on many different sources of funding to pay for training and expenses.
  3. Small Business

    What Olympic Sponsorship Means For Stocks

    Learn about the companies participating as official Olympic sponsors and the possible benefits of such an affiliation.
  4. Insights

    Five Sports That Shouldn't Be In The Olympics

    The Rio Olympics have 28 sports competing, the maximum allowed under IOC rules. According to Investopedia's Aaron Hankin, these five shouldn't be there.
  5. Insights

    The U.S. Has Won Fewer Medals Per Capita Than 41 Other Countries

    Is the absence of a federally funded Olympics Committee hurting U.S. athletes ?
  6. Insights

    Who Actually Pays for The Olympics?

    Impressed by the Olympic Games? It cost billions of dollars to put on this spectacular event, but who is really paying for it?
  7. Personal Finance

    The Most Costly Olympic Games

    Here's a look at some financial successes and failures of past Olympic Games and how they compare to the London 2012 Olympic Games.
  8. Investing

    What is a 2016 Olympic Gold Medal Worth?

    Gold is on the rise, but the value of a gold medal is less than you would think.
  9. Insights

    Olympic Economics: Boom Or Doom?

    Cities often tout the economic benefits of hosting the Olympics but the wide range of estimates make the actual impact hard to pin down.
  10. Insights

    What Is the Economic Impact of Hosting the Olympics?

    Because the economic impact of hosting the Olympics tends to be less positive than anticipated, most cities may be better off not submitting bids.
Hot Definitions
  1. Taxable Income

    Taxable income is described as gross income or adjusted gross income minus any deductions, exemptions or other adjustments ...
  2. Chartered Financial Analyst - CFA

    A professional designation given by the CFA Institute (formerly AIMR) that measures the competence and integrity of financial ...
  3. Initial Coin Offering (ICO)

    An Initial Coin Offering (ICO) is an unregulated means by which funds are raised for a new cryptocurrency venture.
  4. The Bernie Madoff Story

    Bernie Madoff ran a multibillion-dollar Ponzi scheme that is considered the largest financial fraud of all time.
  5. Pyramid Scheme

    An illegal investment scam based on a hierarchical setup. New recruits make up the base of the pyramid and provide the funding, ...
  6. Ponzi Scheme

    A fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns ...
Trading Center