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How much is an Olympic gold medal really worth? That depends. In terms of the medal alone, the answer is $700, according to Bloomberg. A gold medal from the 2012 London Olympics actually contains more silver than gold â each gold medal is only required to have at least 6 grams of gold. Most gold medalists do, however, get some type of cash payment along with their medallion, but the amount of money depends on the athleteâs country. The U.S. pays $25,000 per gold medal, $15,000 for the silver and $10,000 for the bronze. That might seem chintzy compared to what other countries pay, but the U.S. also tends to have more medal winners than many of the countries that pay higher amounts. Hereâs a look at estimates for what a few countries pay their gold-medal champions. Singapore: $800,000. Kazakhstan: $250,00. Italy: $182,000
After returning home from the games, gold medalists in this tax bracket will have to shell out $9,900, silver medalists will owe $5,940 and bronze medalists will pay $3,960 â per medal â to the U.S. government. That means athletes who came out on top multiple times will pay for it â literally.