TOKYO (AP) — The official price tag for the Tokyo Olympics in $15.4 billion, which a University of Oxford study says is the most expensive on record.
How much did the Athens Olympic Games cost?
The highest recorded total cost was the 2014 Sochi Winter Olympics, costing approximately US$55 billion.
|Host City||Athens Summer Olympics|
|Final Operating Budget||US$15,000,000,000|
Do Olympians get paid?
However, most Olympic medal winners do receive a cash reward from their home Olympic committee. The US Olympic and Paralympic Committee pays members of Team USA $37,500 for each gold medal they win, $22,500 for every silver, and $15,000 for a bronze.
Do countries pay to be in the Olympics?
It is considered a huge honor for a country to host the Olympics, and usually no expense is spared, since most countries hope to profit on the event.
Is there an age limit to participate in the Olympics?
Technically, the answer is, there is no such requirement. According to the International Olympic Committee, “there is no specific age limit for taking part in the Olympic Games.” Rather, the age restrictions depend on each International Sports Federation and the rules of each sport.
Is Usain Bolt in the Olympics?
Bolt is retired and will not appear in the 2021 Tokyo Olympics. He has not sprinted competitively since 2017. His final Olympic appearance came in 2016, where he won three gold medals in the Rio Games. He did not retire until 2017, where he finished third in the men’s 100-meter dash.