Joseph Schooling to become overnight millionaire

After Joseph Schooling broke the Olympic record time of 50.39sec and won his gold medal for Singapore gets to keep his SGD1million prize money.

To reward award winning competitors, a motivation plan was formulated by the Singapore National Olympic Council (SNOC) in the 1990s. The Multi-Million Dollar Award Program (MAP) gives a money payout to competitors who win medals at the Olympics, Asian, Commonwealth and SEA Games.

In a report by American television network CBS, “student-competitors are not allowed to be paid”, under National Collegiate Athletic Association rules. As a Singaporean Joseph Schooling is exempted.