Who’s Making Money Off the Olympics? Not Olympians
The road to Rio may be paved with gold medals, but not actual gold. In fact, some Olympics-bound athletes rely on monthly stipends of just $400 to make a living off their sport, and some had to crowdfund to get to the Games. The US has been criticized for not supporting its Olympians, given that many other countries subsidize equipment, training and travel. Even if they bring home the gold, athletes may face money woes at home — unless they win consistently like Michael Phelps, who’s worth an estimated $55 million.