How does a gymnast make money?
Prize money for Olympic gymnasts (ranked by country)
Gymnasts that win the ultimate prize – an Olympic medal, are often rewarded by the government as recognition for their success. Whilst the IOC doesn’t hand out prize money themselves, pretty much every country in the world pays their gymnasts per medal won.
How much does Simone Biles get paid?
Simone Biles earns an estimated salary of $1.5 Million + Per year.
Do gymnasts get prize money?
Expected Lifetime Earnings: $1,252,440
For that one in a million who hits the gymnastics jackpot, the U.S. Olympic committee will pay $25,000 for a gold medal, $15,000 for the silver, and $10,000 for the bronze. But the real money is in sponsorships, which can be in the millions if you win.