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How much money does an olympic gold medalist win?

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I heard from someone that an american that wins a gold medal from the olympics gets 1 million dollars is that true??

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  1. It's US $500K. The Jade in the center of the gold medals is th meat of that huge sum amount of money.


  2. 25k per gold medal... dats about 200k for mike phelps with his 8 gold medals.

  3. well, michael phelps got 1 million dollars because he was sponsored.
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