Tokyo 2024 Prize Money Breakdown

How much did champion Zheng Qinwen and runner-up Sofia Kenin earn?

The 2024 Tokyo Olympic tennis tournament concluded with Zheng Qinwen of China and Sofia Kenin of the United States taking home the gold and silver medals, respectively. As an Olympic event, the tennis tournament is not part of the professional tennis tours. Therefore, the competitors do not earn ATP or WTA ranking points, nor do they earn prize money for their performances.

Unlike professional tennis tournaments, the committee that organizes the Olympic Games awards the athletes medals for their achievements. In tennis, the winners of the men's and women's singles tournaments receive gold medals, the runners-up receive silver medals, and the losing semi-finalists receive bronze medals.

Since no prize money is awarded at the Olympics, the players compete solely for national pride, glory, international recognition, and the opportunity to claim an Olympic medal. The Olympic Games is considered one of the highest achievements for an athlete, regardless of their sport.

While Zheng Qinwen and Sofia Kenin will not receive prize money for their Olympic performances, they will earn other valuable forms of compensation as a result of their success. For example, they will likely be awarded bonuses from their respective national tennis federations or Olympic committees.

They will also receive endorsements from major brands interested in associating themselves with Olympic success. Further, they may benefit from newfound fame and popularity, which can open doors to other business opportunities and lucrative sponsorships.