Olympic Athletes Are Broke But Executives Make Millions

Описание: Olympic medals keep breaking so I got curious, are Olympic gold medals made of gold? Turns out, they’re not.
The gold medal is silver with a thin gold plating and the bronze medal is actually copper and zinc, worth about $6.
The organization handing out these medals is a tax-exempt, nonprofit sitting on $4.9 billion. The executives are collecting millions while Olympic athletes can’t pay their bills.

Sources:
International Olympic Committee Annual Report 2024: https://stillmed.olympics.com/media/D...

United States Olympic and Paralympic Committee Financial Statements 2024: https://assets.contentstack.io/v3/ass...

Los Angeles 2028 Olympic Organizing Committee Annual Report 2024: https://cityclerk.lacity.org/onlinedo...

The Economics of Hosting the Olympic Games: https://www.cfr.org/backgrounders/eco...

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Chapters:
00:00 Intro
00:20 Are Olympic Medals Solid Gold
00:35 Olympic Medals Breaking 2026
01:12 The Olympic Non-Profit Sitting on Billions
01:44 The International Olympic Committee Explained
02:30 What Does The Olympics Spend Its Money On
03:18 Olympic Executives Are Paid Millions
03:39 The US Olympic Committee Financial Statements
04:55 What Do Olympic Athletes Get Paid
05:22 CEO of US Olympic Committee Has A Million Dollar Salary
05:35 Olympic Governing Bodies Decide What to Pay Olympic Athletes
06:27 CEO of USA Track and Field Has a Million Dollar Salary
06:38 How Much Are Olympians Paid If They Win a Medal
07:01 US Pays Its Olympic Athletes Less Than Kazakhstan
07:24 A Billionaire Donated Money to Team USA
07:41 The Olympics Does Not Pay Olympic Athletes
08:32 How Does a City Host the Olympics
09:00 Cities Pay Billions to Host the Olympics
09:26 Los Angeles 2028 Olympic Games Over Budget
09:46 How Much Do Cities Pay to Host the Olympics
09:59 Taxpayers Fund the Olympics
10:14 What Are the Benefits of Hosting the Games
10:41 Abandoned Olympic Venues
11:23 The Public Spoke Out Against the Olympics
11:51 Olympic Committee Now Does “continuous dialogue”
12:03 Olympics Are Now Decided Decades in Advance
12:22 Only One City Has Ever Made a Profit from the Olympics
12:54 The Olympics is an Extraction Machine