Velvet Celebrity Digest

Fresh star stories with a cool online feel.

As it turns out, setting Olympic records is a pretty financially lucrative business. According to Celebrity Net Worth, Sydney McLaughlin predicts a whopping $2 million. In June 2021, the track star shocked spectators when she left the Track and Field 400-meter hurdles trials with a world record with a 51.90 seconds time. This means she qualifies to represent America at the Tokyo Olympics for the second time (via Sports Spectrum).

How much can an Olympic athlete expect to make as a result of their athlete prowess? Well, according to USA Today, at this year's Tokyo Olympics, U.S. athletes will earn $37,500 for each gold medal, $22,500 for silver, and $15,000 for bronze per the United States Olympic and Paralympic Committee.

Olympians can make some pretty big bucks from endorsements, as well. In fact, this is where the majority of their funds come from. Companies such as Poland Springs, Kellogg, Wheaties, and DayQuil have profited greatly on using Olympians as advertisement space during one of the most viewed sporting events of all time (via boston.com). And indeed, the athletes profit just as much. Snowboarder Shaun White is one of the highest paid Olympians in the world, having made an impressive $20 million from endorsement deals (via Money).

As for McLaughlin, she has collaborated with New Balance to make a line of apparel (via Self) as well as luxury watch company Tag Heuer. Based on her incredible success, we can only imagine that the endorsement deals will continue to roll in for the young athlete.