Citius, Altius, Fortius … Ditior

The Latin motto of the Olympic Games translates as, Faster, Higher, Stronger. It might be time to add a new word to the motto: Richer. “Team USA has won more Olympic medals than any other nation on earth. But unlike other powerhouses of the Games, the U.S. government doesn’t spend a dime rewarding Olympic athletes. Any prize money comes mainly from sponsorship and the sale of broadcast rights. One man is hoping to give them a little more financial security. Starting from the Milan Cortina Olympics next month, financier Ross Stevens will give $200,000 to each U.S. Olympic and Paralympic athlete, regardless of performance.” WSJ (Gift Article): The U.S. Government Doesn’t Fund Olympic Athletes. So One Man Is Paying Them $200,000 Each.