World Athletics announces prize money for Olympic gold medallists

Gold medallist in Athletics at the Paris Olympics will receive USD 50,000 as the World Athletics on Wednesday announced it will become the first international federation to award prize money at an Olympic Games.

The financial reward will be given to the athletes who win a gold medal in each of the 48 athletics events in the Paris Olympics.

Each individual Olympic champion will receive US$50,000. Relay teams will receive the same amount, to be shared among the team.

The payment of prize money will depend upon the World Athletics ratification process, including athletes undergoing and clearing the usual anti-doping procedures.

The athletics events at the Paris Olympics begin on August 1.