Competing at the most elite level comes at a cost—and only a small percentage of Olympians earn millions - From E! Online
The nature of Olympic-level competition doesn't always require medal aspirants to abandon all other pursuits, but those who are able to devote their lives to training usually can do so thanks to the generosity and enthusiasm of sponsors and donors—or, in some countries, the government.
Olympic Committee does not receive funding from the federal government and Team USA relies "on the generosity of the American people to achieve their dreams," according to the team website.
A photo posted by Ibtihaj Muhammad (@ibtihajmuhammad) on Aug 3, 2016 at 3:15pm PDT Team USA fencer Ibtihaj Muhammad, who in Rio will become the first Muslim American athlete to compete in the Olympics wearing a hijab, is already a breakout star of these games before stepping into the arena.
@Hersheys #sp A photo posted by Jordan Burroughs (@alliseeisgold) on Aug 1, 2016 at 11:48am PDT According to Bankrate, Phelps is the only true-blue Olympian among the top eight richest athletes competing in Rio, the richest being professional tennis superstar Serena Williams, with a reported net worth of $145 million.
Tug-of-War, Speed Walking and More In the club is Usain Bolt, who ranked 32nd on Forbes' 2016 list of the World's Highest-Paid Athletes, with $32.5 million in earnings—$2.5 million in prize money and $30 million in endorsements.