MANILA, Philippines – Weightlifter Hidilyn Diaz is set to receive epic prizes and incentives after her historic win at the Tokyo Olympics 2020.
The Philippines celebrated on Monday night as Diaz bagged the country's first-ever Olympic gold medal, ending 97-year drought. Diaz got her historic podium finish for winning against the best women weightlifters in the world.
While the Olympic gold medal is already a prize in itself, amazing incentives and rewards still await her as soon as she goes home. Over P35.5 million in cash rewards is set to be given to the Olympic gold medalist.
SEE ALSO: Hidilyn Diaz's emotional reaction shortly after winning Olympic gold: 'Kakaiba si God'
The Philippines celebrated on Monday night as Diaz bagged the country's first-ever Olympic gold medal, ending 97-year drought. Diaz got her historic podium finish for winning against the best women weightlifters in the world.
While the Olympic gold medal is already a prize in itself, amazing incentives and rewards still await her as soon as she goes home. Over P35.5 million in cash rewards is set to be given to the Olympic gold medalist.
SEE ALSO: Hidilyn Diaz's emotional reaction shortly after winning Olympic gold: 'Kakaiba si God'
Under Republic Act 10699, Olympic gold medalists will receive P10 million for those who competed in individual events.
The MVP Sports Foundation, a strong supporter of Filipino athletes, has also earlier pledged an additional P10 million for athletes who will bring home a gold medal.
"This is the tournament of tournaments. We want to showcase what Filipino talent can do. We want to show the world that we can compete," MVP Sports Foundation chairman Manny V. Pangilinan said in a previous statement.
Another business tycoon also pledged another P10 million. According to the Philippine Olympic Committee and Rep. Abraham Tolentino, Ramon S. Ang promised at the Philippine Sportswriters Association forum that he will grant the reward for every athlete who becomes a gold medalist in the Tokyo 2020 Olympics.
Rep. Mikee Romero, an athlete himself and a sports patron, also pledged another P3 million for Olympic gold medalists.
After her epic win, the hometown of Diaz, Zamboanga City said they will also reward the athlete with an additional P2.5 million.
In addition to Diaz's bountiful incentives, she will also receive a house and lot in Tagaytay courtesy of Philippine Olympic president Abraham “Bambol” Tolentino.
Meanwhile, Megaworld will also give Diaz a P14-M condo unit in Eastwood City. In a statement released by the company on Tuesday morning, the empire tycoon Dr. Andrew L. Tan said it is right to gift the country's first Olympic gold medalist with a home in their first township, Eastwood City.
Diaz defeated previous record holder Chinese Liao Qiuyun in the weightlifting women’s 55kg category in the Tokyo Olympics. Her win is considered "one for the books" as she is now lauded as the country's first Olympic gold medalist and multi-medalist.
— Sally, The Summit Express
The MVP Sports Foundation, a strong supporter of Filipino athletes, has also earlier pledged an additional P10 million for athletes who will bring home a gold medal.
"This is the tournament of tournaments. We want to showcase what Filipino talent can do. We want to show the world that we can compete," MVP Sports Foundation chairman Manny V. Pangilinan said in a previous statement.
Another business tycoon also pledged another P10 million. According to the Philippine Olympic Committee and Rep. Abraham Tolentino, Ramon S. Ang promised at the Philippine Sportswriters Association forum that he will grant the reward for every athlete who becomes a gold medalist in the Tokyo 2020 Olympics.
Rep. Mikee Romero, an athlete himself and a sports patron, also pledged another P3 million for Olympic gold medalists.
After her epic win, the hometown of Diaz, Zamboanga City said they will also reward the athlete with an additional P2.5 million.
In addition to Diaz's bountiful incentives, she will also receive a house and lot in Tagaytay courtesy of Philippine Olympic president Abraham “Bambol” Tolentino.
Meanwhile, Megaworld will also give Diaz a P14-M condo unit in Eastwood City. In a statement released by the company on Tuesday morning, the empire tycoon Dr. Andrew L. Tan said it is right to gift the country's first Olympic gold medalist with a home in their first township, Eastwood City.
Diaz defeated previous record holder Chinese Liao Qiuyun in the weightlifting women’s 55kg category in the Tokyo Olympics. Her win is considered "one for the books" as she is now lauded as the country's first Olympic gold medalist and multi-medalist.
— Sally, The Summit Express
