Ross Stevens Planning to Pay $200,000 to every U.S. Olympian and Paralympian
Billionaire financier Ross Stevens has dedicated to paying awards of $200,000 to every Olympic and Paralympic athlete, starting with this yr’s Winter Olympics in Milan Cortina.
The presents will probably be generally known as Stevens Monetary Safety Awards or the Stevens Awards. Funding for the plan was introduced in March 2025, with Stevens saying a $100 million anchor funding reward to the U.S. Olympic and Paralympic Basis from which these prizes will probably be paid out. The establishment of the prize for this yr’s Olympics was first reported Tuesday by the Wall Avenue Journal.
The quantities will probably be paid in two increments, with the primary $100,000 coming 20 years after their first Olympic look that’s eligible for compensation and the second $100,000 will come as a assured profit payable to household upon the athlete’s dying. The determine of $200,000 is payable for every participation, so athletes can win the compensation a number of occasions.
“The Olympic and Paralympic Video games are the last word image of human excellence,” Stevens mentioned. “I don’t consider that monetary insecurity ought to cease our nation’s elite athletes from breaking via to new frontiers of excellence. Crew USA athletes, extraordinary people, have confirmed they will obtain greatness and characterize our unimaginable nation with delight.”
The 232 Olympians named to Crew USA’s roster for the Milan Cortina Olympics are the primary to learn. The Stevens Award is designed to final via the 2032 Brisbane Summer season Olympics, overlaying two winter and two summer time video games initially.
“The Olympic and Paralympic Video games are the last word image of human excellence. I don’t consider that monetary insecurity ought to cease our nation’s elite athletes from breaking via to new frontiers of excellence,” Stevens mentioned within the authentic press launch. “Crew USA athletes, extraordinary people, have confirmed they will obtain greatness and characterize our unimaginable nation with delight. The Stevens Awards honor the sacrifices they’ve made on behalf of all Individuals whereas inspiring the event of their goals within the post-Video games chapter of their lives.”
Stevens is the founder and CEO of Stone Ridge Holdings Group.
