Sochi 2014: How much the price of a medal? A cool $250,000 for the Kazakhs

Sochi 2014: Kazakhstan top list of gold medal financial rewards with a staggering $250,000

By Kojo Amofa
We're in the money: Kazakh athletes Photo: Ainur Zhakaykyzy/YouTube

The Olympics allow athletes to achieve personal goals as well as wrap themselves in the glory of their nations flag but athletes from Kazakhstan could pocket a quarter of a million dollars for a gold medal.

While Team GB gold medallists will not be financially rewarded, Kazakhstan will dish out a whopping $250,000 per gold medal setting the precedent for other smaller nations to offer financial incentives.

Malaysia would award the largest prize to their top ranking athletes — a solid gold bar from a gold mine owner in Kuala Lumpur worth $600,000 – if they had any competitors at the Sochi games.

A country’s relative wealth has little bearing on the amount of the bonus given. Kazakhstan has won just one gold medal at the Winter Games since competing as an independent nation in 1994.

Sweden, Norway and Croatia are the other countries not offering any bonuses for their Winter Olympians with Switzerland offering $88,600, the USA $25,000 and Germany $20,300.

Top-10 gold medal bonus list (via Bloomberg):

1) Kazakhstan $250,000
2) Latvia $192,800
3) Italy $189,800
4) Belarus $150,000
5) Estonia $138,500
6) Ukraine $125,000
7) Russia $113,200
8) Switzerland $88,600
9) France $67,800
10) Netherlands/Finland $40,600

Samsung are a proud partner of Team GB and are supporting the Samsung Galaxy Team. To meet the team, see exclusive content and win amazing prizes, including once-in-a-lifetime winter sport training sessions with the Samsung Galaxy Team athletes, visit: www.samsung.com/uk/sochi2014

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