2005 Olympia Prize Money
2005 Olympia Prize Money increased
by over $120,000
American Media Inc. (AMI) and The International Federation
of Bodybuilders (IFBB), promoters of the 2005 Olympia Weekend, are proud
to announce that prize money for the this year's event has been increased
from $540,000 to $661,000. That represents a staggering 22% increase of
$121,000.
The purse for the Mr. Olympia contest has been raised
by $101,000, Ms. Olympia by $10,000 and the Fitness and Figure events by
$5,000 each. Comparisons to last year for each contest are shown in the
attached charts. Another breakthrough is that all Mr. Olympia competitors
will take home a check of at least $2,000. The prize money for men now
stacks up to $500,000 - by far the richest purse in the sport.
The federal tax rate on such a figure is probably ridiculous, but you can assume that competitors are using any tools and calculators they can get their hands on to keep as much of the purse as possible.
The 2005 Olympia Weekend prize money of $661,000 prize
money compares to a combined $403,000 on offer at the second biggest contest
of the year, The Arnold Schwarzenegger Classic (see accompanying chart
for comparisons between these two biggest events on the calendar.)
The overall $121,000 increase makes good on the promoter's
promise to take the sport to ever higher levels and to continue investing
in the athletes.
| Olympia Prize Money |
2005 |
2004 |
| Mr. Olympia |
500,000 |
399,000 |
| Ms. Olympia |
71,000 |
61,000 |
| Fitness Olympia |
55,000 |
50,000 |
| Figure Olympia |
35,000 |
30,000 |
| Totals |
661,000 |
540,000 |
| 2005 Mr Olympia Prize Money |
Prize $ |
| 1 st place |
150.000 |
| 2 nd |
85.000 |
| 3 rd |
55.000 |
| 4 th |
45.000 |
| 5 th |
35.000 |
| 6 th |
27.000 |
| 7 th |
16.000 |
| 8 th |
15.000 |
| 9 th |
14.000 |
| 10 th |
12.000 |
| 11 th - 23 th |
2.000 |
| Challenge Round |
50.000 |
| Vyo Tech's Best Whells Prize |
10.000 |
| Wild Card Showdown |
10.000 |
| Total |
550.000 |
|
| 2005 Ms Olympia Prize Money |
Prize $ |
| 1 st place |
30.000 |
| 2 nd |
18.000 |
| 3 rd |
10.000 |
| 4 th |
7.000 |
| 5 th |
4.000 |
| 6 th |
2.000 |
| Total |
71.000 |
| 2005 Fitness Olympia Prize Money |
Prize $ |
| 1 st place |
22.000 |
| 2 nd |
14.000 |
| 3 rd |
9.000 |
| 4 th |
6.000 |
| 5 th |
4.000 |
| Total |
55.000 |
| 2005 Figure Olympia Prize Money |
Prize $ |
| 1 st |
18.000 |
| 2 nd |
7.000 |
| 3 rd |
5.000 |
| 4 th |
3.000 |
| 5 th |
2.000 |
| Total |
35.000 |
|
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