Modeling: It’s also common for athletes to start modeling for fitness brands.Once they become established speakers, they could earn $10,000 or more per event. Speaking: Some swimmers travel to different events and share inspiring stories from their swimming careers.Social Media Deals: Swimmers may leverage their social media audience for small, paid brand deals promoting products.Donations: Swimmers who can’t make ends meet might rely on donations from friends, family and supporters who believe in their dream.For example, in 2019, Caleb Dressel left South Korea with $110,000 in prize money. That sounds great, but again, just like the Games, this money often goes to the top athletes who end up winning multiple events. Related: The TRUTH About Masters Swimming If you break a world record, you get a $30,000 bonus. Winning a World Championship gold medal earns you $20,000. There are a number of different international competitions that allow swimmers to compete for prize money including the International Swim League, FINA World Cup and FINA World Championships.Īt the 2019 FINA World Championships in Guangzhou, South Korea, FINA Awarded $2.4 million to athletes. The reality is, most swimmers will never reach the podium and must look elsewhere for potential prize money. Related: 10 Races That Changed Swimming Foreverīack at the 2016 Games, young Singaporian Joseph Schooling beat out Michael Phelps in the 100m butterfly to grab the gold and that cool $1 million bonus! Italy paid out $189,800 for a gold medal, Australia shelled out $126,000, Ukraine paid $150,000, and believe it or not, athletes from Singapore got a whopping $1 million for winning gold. At the 2016 Games in Rio, these bonuses ranged dramatically from $0 in the United Kingdom to $25,000 for a gold medal in the United States. Traditionally, an athlete’s country will pay out a specific amount of money for winning medals at the Games. Winning an Olympic medal is a big deal! It takes tens of thousands of hours of work and dedication to make it happen. Let’s dive into the main 3: prize money, funding from a national governing body, and endorsement deals. There are 10 primary ways swimmers make money. In fact, the average pro swimmer is making less than 1% of what a professional basketball or football player makes. Swimming is the most watched Olympic sport in the entire world, so swimmers must be making bank, right? Wrong.
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