German athletes to get €20,000 for Olympic, Paralympic gold

Germany's Sports Aid Foundation will dish out €2.1 million in bonuses for successful athletes at this summer's Paris Olympics and Paralympics, reported dpa.

The foundation said in a statement on Wednesday, 100 days before the Paris opening ceremony, that gold medallists will receive €20,000, silver medallists €15,000 and bronze medallists €10,000.

Athletes placed fourth to eighth at the Olympics and Paralympics will also receive smaller sums.

Set up in 1967, the foundation is financed solely through the private sector without any public funds. It said that it is supporting German athletes with €23 million overall in 2024, with €3.5 million going to Olympic and Paralympic athletes.

"The focus of Sports Aid funding is on the continuous and holistic support for Germany's best young and top athletes," said Karin Orgeldinger, a foundation board member.

"Nevertheless, it is important to us that the planned Olympic bonuses also honour and, above all, appreciate the top performances achieved in connection with the long and intensive training and the many challenges."

Up to now, sports federations have not dished out prize money at Olympic Games. But World Athletics have announced that Paris Games winners in their sport will got $50,000 each, with silver and bronze medallists to be added 2028 in Los Angeles.

The Paris Olympics are July 26-August 11, and the Paralympics August 28-September 8.