Here's how much Olympic athletes make for winning

The Pyeongchang Winter Games sees 2,952 athletes competing for top honours, all wishing to win big and make their country proud. While they may not be getting paid to participate, Olympians from some countries receive more than just podium notoriety, they’ll take home cold hard cash too.

Medal bonuses” are given to athletes that come in the top three positions at a given event. Some countries, like Singapore, are more giving in these bonuses, but they also have fewer athletes that can potentially medal. The bonus that Singapore’s team of one could take in is far greater than what would be granted to Canada’s team of 225.

Athletes aren’t guaranteed stable income when they choose to enrol in sport, which can lead to desperate times for those trying to compete and survive at the same time. U.S. figure skater Adam Rippon may have earned a bronze (and some extra cash) last week, but rewind to six years ago and Rippon was broke, living in his coach’s basement and stealing apples from his gym to save money.

American speed skater Mitch Whitmore came in fourth place at a 2017 world championship competition. He didn’t receive a bonus, but he did get a nine-month stipend to help offset living and training costs.

“You want it to just be about the competition,” Whitmore told CNBC’s NerdWallet. “But…you slip, or just have some little thing go wrong, and it’s hard to eat for several months.”

The medals themselves are worth something, too. The Pyeongchang Games medals were created by South Korean designer Lee Suk-woo and feature Hangul (the Korean alphabet) on them. Each have a diameter of 92.5mm, so slightly smaller than what was seen at the Vancouver 2010 and Sochi 2014 Games (both were 100mm). The gold medal, which is made up of six grams of plated gold and 99.9 per cent silver, is estimated to cost around $577 USD and it weighs in at 586 grams. The silver is approximately $318 USD and weighs 580 grams, and the bronze medal is allegedly only worth $3.50 USD and weighs 493 grams.

Does prize money make a win better or is the victory sweet enough? Let’s just say winning in any capacity is a good feeling and soon a barrage of athletes will be returning home richer than when they left.

Scroll through to find out which athlete just became $250,000 richer thanks to a medal bonus.

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<p>Gold:$15,000 USD<br> Silver: $11,000 USD<br> Bronze: $8,000 USD<br> Canada’s Kaitlyn Lawes and John Morris won the gold medal in curling (mixed doubles) at the Pyeongchang 2018 Winter Olympics.<br> (REUTERS/Cathal McNaughton) </p>
What medals are worth in: Canada

Gold:$15,000 USD
Silver: $11,000 USD
Bronze: $8,000 USD
Canada’s Kaitlyn Lawes and John Morris won the gold medal in curling (mixed doubles) at the Pyeongchang 2018 Winter Olympics.
(REUTERS/Cathal McNaughton)

<p>Gold:$22,000 USD<br> Silver:$17,000 USD<br> Bronze:$11,000 USD<br> Germany has been cleaning up at the 2018 Olympics and is second in overall standings (as of February 21). Olympians Natalie Geisenberger (R), Johannes Ludwig, Tobias Wendl and Tobias Arlt are seen here with their medals. (REUTERS/Eric Gaillard) </p>
What medals are worth in: Germany

Gold:$22,000 USD
Silver:$17,000 USD
Bronze:$11,000 USD
Germany has been cleaning up at the 2018 Olympics and is second in overall standings (as of February 21). Olympians Natalie Geisenberger (R), Johannes Ludwig, Tobias Wendl and Tobias Arlt are seen here with their medals. (REUTERS/Eric Gaillard)

<p>Gold:$37,000 USD<br> Silver:$19,000 USD<br> Bronze:$7,000 USD<br> Apline skier Connor Wilson is the sole athlete competing for South Africa at this year’s Olympic Games. He was the the flag bearer for the country as well, naturally.<br> (AP Photo/Petr David Josek) </p>
What medals are worth in: South Africa

Gold:$37,000 USD
Silver:$19,000 USD
Bronze:$7,000 USD
Apline skier Connor Wilson is the sole athlete competing for South Africa at this year’s Olympic Games. He was the the flag bearer for the country as well, naturally.
(AP Photo/Petr David Josek)

<p>Gold:$37,500 USD<br>Silver: $22,500 USD<br>Bronze: $15,000 USD <br>Chloe Kim is the <a href="http://www.espn.com/olympics/story/_/id/22415338/chloe-kim-fulfills-golden-destiny-halfpipe-baby-girl-full-fledged-dragon" rel="nofollow noopener" target="_blank" data-ylk="slk:youngest woman" class="link rapid-noclick-resp">youngest woman</a> to win gold in Olympic snowboarding and made history at the Pyeongchang Winter Games.<br>(Jorge Silva/Reuters) </p>
What medals are worth in the: United States

Gold:$37,500 USD
Silver: $22,500 USD
Bronze: $15,000 USD
Chloe Kim is the youngest woman to win gold in Olympic snowboarding and made history at the Pyeongchang Winter Games.
(Jorge Silva/Reuters)

<p>Gold:$55,000 USD<br> Silver:$22,000 USD<br> Bronze:$14,000 USD<br> France’s Anais Bescond won the bronze medal in the women’s 15KM biathlon at the 2018 Olympic Games.<br>(REUTERS/Toby Melville) </p>
What medals are worth in: France

Gold:$55,000 USD
Silver:$22,000 USD
Bronze:$14,000 USD
France’s Anais Bescond won the bronze medal in the women’s 15KM biathlon at the 2018 Olympic Games.
(REUTERS/Toby Melville)

<p>Gold:$61,000 USD<br>Silver:$38,000 USD<br>Bronze: $26,000 USD <br>Evgenia Tarasova and Vladimir Morozov compete in the pairs free skate event during the Pyeongchang 2018 Winter Olympic Games.<br>(Mladen ANTONOV / AFP) </p>
What medals are worth in: Russia

Gold:$61,000 USD
Silver:$38,000 USD
Bronze: $26,000 USD
Evgenia Tarasova and Vladimir Morozov compete in the pairs free skate event during the Pyeongchang 2018 Winter Olympic Games.
(Mladen ANTONOV / AFP)

<p>Gold:$125,000<br>Silver:$89,000 USD<br>Bronze:$71,000 USD <br>Marton Kekesi (L) competes in apline skiing at the 2018 Winter Olympics. <br>(Alexander Hassenstein/Getty Images) </p>
What medals are worth in: Hungary

Gold:$125,000
Silver:$89,000 USD
Bronze:$71,000 USD
Marton Kekesi (L) competes in apline skiing at the 2018 Winter Olympics.
(Alexander Hassenstein/Getty Images)

<p>Gold:$166,000 USD<br>Silver:$83,000 USD<br>Bronze:$55,000 USD <br>Italy’s Michela Moioli won the gold medal in women’s snowboard cross at the 2018 Winter Games.<br>(REUTERS/Eric Gaillard) </p>
What medals are worth in: Italy

Gold:$166,000 USD
Silver:$83,000 USD
Bronze:$55,000 USD
Italy’s Michela Moioli won the gold medal in women’s snowboard cross at the 2018 Winter Games.
(REUTERS/Eric Gaillard)

<p>Gold:$248,000 USD<br>Silver:$124,000 USD<br>Bronze:$62,000 USD<br>Patrick Brachner is Azerbaijan’s 2018 Olympic flag bearer and competes in alpine skiing.<br>(REUTERS/Kim Kyung-Hoon) </p>
What medals are worth in: Azerbaijan

Gold:$248,000 USD
Silver:$124,000 USD
Bronze:$62,000 USD
Patrick Brachner is Azerbaijan’s 2018 Olympic flag bearer and competes in alpine skiing.
(REUTERS/Kim Kyung-Hoon)

<p>Gold:$250,000 USD<br>Silver:$150,000 USD<br>Bronze:$75,000 USD<br>Two-time gold medalist Yuliya Galysheva picked up another medal in Pyeongchang, adding a bronze medal in women’s moguls (and $250,000) to her collection.<br>(REUTERS/Kim Kyung-Hoon) </p>
What medals are worth in: Kazakhstan

Gold:$250,000 USD
Silver:$150,000 USD
Bronze:$75,000 USD
Two-time gold medalist Yuliya Galysheva picked up another medal in Pyeongchang, adding a bronze medal in women’s moguls (and $250,000) to her collection.
(REUTERS/Kim Kyung-Hoon)

<p>Gold:$1,000,000 USD<br>Silver:$500,000 USD<br>Bronze:$250,000 USD<br>Singapore’s first and only Winter Olympian at the Games, Cheyenne Goh, competes at the short track 1500m speed skating event. (REUTERS/Damir Sagolj) </p>
What medals are worth in: Singapore

Gold:$1,000,000 USD
Silver:$500,000 USD
Bronze:$250,000 USD
Singapore’s first and only Winter Olympian at the Games, Cheyenne Goh, competes at the short track 1500m speed skating event. (REUTERS/Damir Sagolj)

<p>While Great Britain does not have a medal bonus for its athletes, it allocates £125 million ($165 million USD) from the national lottery and government funding to Olympic and Paralympic sports each year.<br>Lizzy Yarnold defended her skelton title at the Pyenongchang Games, taking home another gold. (REUTERS/Kim Hong-Ji) </p>
What medals are worth in: Great Britain

While Great Britain does not have a medal bonus for its athletes, it allocates £125 million ($165 million USD) from the national lottery and government funding to Olympic and Paralympic sports each year.
Lizzy Yarnold defended her skelton title at the Pyenongchang Games, taking home another gold. (REUTERS/Kim Hong-Ji)

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