Carlos Yulo is the Philippines' first male Olympic gold medalist and only its second Olympic champion.
Would you rather get a life supply of ramen and a fully furnished condo or a chunk of gold? Lucky for Carlos Yulo, he doesn't have to choose. The Filipino gymnast became his country's first-ever male Olympic gold medalist after his floor routine on Saturday, and then won another gold for his floor routine the following day. But he's not only going home with the medals and the title of the Philippines' second athlete to ever take home gold.
Olympic glory is not always goldenThere's a big cash prize too, thanks to the government. The Phillippine House of Representatives will grant 6,000,000 Phillippine pesos, or about $104,000, according to local outlet Philstar.com, and the country's Republic Act 10699 — or the National Athletes, Coaches and Trainers Benefits and Incentives Act — awards 10,000,000 Phillippine pesos, or about $173,000, to any athlete who wins an Olympic gold medal.
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