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Olympic medals keep breaking so I got curious, are Olympic gold medals made of gold? Turns out, they’re not. The gold medal is silver with a thin gold plating and the bronze medal is actually copper and zinc, worth about $6. The organization handing out these medals is a tax-exempt, nonprofit sitting on $4.9 billion. The executives are collecting millions while Olympic athletes can’t pay their bills. Sources: International Olympic Committee Annual Report 2024: https://stillmed.olympics.com/media/D... United States Olympic and Paralympic Committee Financial Statements 2024: https://assets.contentstack.io/v3/ass... Los Angeles 2028 Olympic Organizing Committee Annual Report 2024: https://cityclerk.lacity.org/onlinedo... The Economics of Hosting the Olympic Games: https://www.cfr.org/backgrounders/eco... Complete source documentation is available on Patreon To support the channel on Patreon: / vanessawingardh To support the channel on YouTube: https://www.youtube.com/@VanessaWing%... Chapters: 00:00 Intro 00:20 Are Olympic Medals Solid Gold 00:35 Olympic Medals Breaking 2026 01:12 The Olympic Non-Profit Sitting on Billions 01:44 The International Olympic Committee Explained 02:30 What Does The Olympics Spend Its Money On 03:18 Olympic Executives Are Paid Millions 03:39 The US Olympic Committee Financial Statements 04:55 What Do Olympic Athletes Get Paid 05:22 CEO of US Olympic Committee Has A Million Dollar Salary 05:35 Olympic Governing Bodies Decide What to Pay Olympic Athletes 06:27 CEO of USA Track and Field Has a Million Dollar Salary 06:38 How Much Are Olympians Paid If They Win a Medal 07:01 US Pays Its Olympic Athletes Less Than Kazakhstan 07:24 A Billionaire Donated Money to Team USA 07:41 The Olympics Does Not Pay Olympic Athletes 08:32 How Does a City Host the Olympics 09:00 Cities Pay Billions to Host the Olympics 09:26 Los Angeles 2028 Olympic Games Over Budget 09:46 How Much Do Cities Pay to Host the Olympics 09:59 Taxpayers Fund the Olympics 10:14 What Are the Benefits of Hosting the Games 10:41 Abandoned Olympic Venues 11:23 The Public Spoke Out Against the Olympics 11:51 Olympic Committee Now Does “continuous dialogue” 12:03 Olympics Are Now Decided Decades in Advance 12:22 Only One City Has Ever Made a Profit from the Olympics 12:54 The Olympics is an Extraction Machine