Other sport 17.8.2016 01:39 pm

How much cash Wayde will rake in

RIO DE JANEIRO, BRAZIL - AUGUST 14: Wayde van Niekerk of South Africa holds up the South African national flag after he won the mens 400m final in a new world record of 43.03 seconds during the evening session on Day 9 Athletics of the 2016 Rio Olympics at Olympic Stadium on August 14, 2016 in Rio de Janeiro, Brazil. (Photo by Roger Sedres/Gallo Images)

RIO DE JANEIRO, BRAZIL - AUGUST 14: Wayde van Niekerk of South Africa holds up the South African national flag after he won the mens 400m final in a new world record of 43.03 seconds during the evening session on Day 9 Athletics of the 2016 Rio Olympics at Olympic Stadium on August 14, 2016 in Rio de Janeiro, Brazil. (Photo by Roger Sedres/Gallo Images)

Winning medals at the Rio Olympics comes with a money incentive, and this is how much a South African gold medallist would get.

With the preparation and selection process that the athletes go through before representing their country at the Rio Olympic Games, have you ever wondered how much money they make for bagging medals?

On Monday morning, South Africa went in celebration mode when Wayde van Niekerk produced the best performance by a South African athlete in half a century.

Starting in lane eight, Van Niekerk charged out of the blocks and held the lead from start to finish in the men’s 400m final at the Rio Olympics, shattering the world record to secure the gold medal in 43.03 seconds.

The 24-year-old speedster, who won the world title last year, chopped 0.15 off the 17-year-old global mark previously held by American star Michael Johnson.

Defending champion Kirani James of Grenada took second place in 43.76, and Beijing 2008 champion LaShawn Merritt of the United States ended third in 43.85.

“I was so scared someone was going to catch me I just kept pushing and pushing, and at the end I just dove for the line,” Van Niekerk said.

South Africa is being represented by a delegation of 145 athletes and so far has bagged seven medals: one gold, five silver and one bronze. According to MarketWatch, our gold medallist Van Niekerk is guaranteed a R484 579 incentive from the South African Sports Confederation and Olympic Committee

This is before the millions of rands that could come his way in endorsement deals and appearance fees.

This is what athletes from other countries get:
Gold Medal Bonuses
The United States of America – having won 84 medals: 28 gold, 28 silver and 28 bronze – gives its gold medallist R336 626.
Australia and Canada: R201 880.

Germany: R269 310

France: R888 693

Italy: R2 490 174

Singapore: R10 142 872

Other countries, including the UK, don’t offer cash bonuses to medallists.

Addditional reporting by Wesley Botton.

 

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