America leads the overall medal count in Paris and the United States is now the first country in history to win more than three-thousand Olympic medals.
So, what does an Olympic medal mean financially for athletes?
The US Olympic Committee pays American medal winners - $37,500 for gold, $22,500 for silver, and $15,000 for bronze.
“While it is impossible to put a marketable value on winning an Olympic medal, or on the commitment and focus it takes to even represent your country at an Olympic Games,” said World Athletics president Sebastian Coe in April, “I think it is important we start somewhere and make sure some of the revenues generated by our athletes at the Olympic Games are directly returned to those who make the Games the global spectacle that it is.”
How much is the actual medal worth?
"A gold medal contains about six percent gold. It's mostly silver with at least a 92.5-percent purity rating. It's estimated to be worth about $800," according to CNN.
Some countries pay gold medal winners six figures, a lifetime pension and an apartment.