Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Jane Thier

Saudi Arabia has never won Olympic gold, but wants to so badly it will pay athletes even when they lose

Saudi Arabia's Tareg Hamedi poses with his silver medal in the men's kumite +75kg in the karate competition at a ceremony during the Tokyo 2020 Olympic Games at the Nippon Budokan in Tokyo on August 7, 2021. (Photo by Alexander NEMENOV / AFP) (Photo by ALEXANDER NEMENOV/AFP via Getty Images) (Credit: Alexander Nemenova—Getty Images)

Many people were surprised to find that most Olympians end up needing to keep their day jobs. Naturally, there’s another, vastly different side to the story of prize money: In countries like Saudi Arabia that have never won a gold medal, the prize winnings could be enough to set the athletes up for life—or certainly until the next Olympic Games. 

At the Tokyo Games in 2021, karate master Tareg Hamedi won the second-ever silver medal for Saudi Arabia, which made him a national hero—and millionaire. He neared the end of the match in plum position to win gold, but was disqualified for an illegal and dangerous move in which he kicked his Iranian opponent in the head, knocking the karateka unconscious. Ultimately, the opponent won gold and Hamedi claimed silver, which caused a stir in the karate community, but Hamedi conceded with respect and without objection. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.