First Filipino Male Olympic Gold Medalist Also Receives Fully Furnished House for Hundreds of Millions of Won

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Carlos Yulo of the Philippines, who won gold in the men’s gymnastics vault event at the 2024 Paris Olympics.

The first ever Olympic gold medal has been won by a male athlete in the Philippines.

On the 4th, at the Arena Bercy in Paris, France, Carlos Yulo (24) of the Philippines won the gold medal in the men’s gymnastics floor exercise at the 2024 Paris Olympics with a score of 15.000.

Yulo became the first Filipino male athlete to win a gold medal and the second gold medalist for the Philippines in both the Summer and Winter Olympics. At the 2020 Tokyo Olympics, Hidilyn Diaz won the first gold medal for the Philippines in women’s weightlifting.

Yulo then won the gold medal in the vault event with a score of 15.116. He became the first Philippine athlete to win two gold medals. After winning

the gold medal, Yulo said, “The Philippines is such a small country,” and “winning a gold medal at the Olympics is a huge deal. I dedicate this gold medal to the Filipino people who cheered me on.”

Philippine President Ferdinand Marcos congratulated him on Facebook, saying, “The whole country is proud of you.”

According to local media outlets such as the Manila Bulletin, the Philippine government plans to provide Yulo with a prize of several hundred million won for his gold medal. According to the Republic Act (RA), an athlete who wins a gold medal at the Summer Olympics receives 10 million pesos (about 235 million won) from the Philippine Sports Commission (PSC). In addition, the Philippine Congress plans to pay Yulo 3 million pesos (about 70 million won). According to tax law, Yulo’s prize money is not subject to taxation. The real estate development company Megaworld Corporation said it would provide Yulo with a fully furnished condo worth 24 million pesos (about 565 million won). A famous Filipino doctor promised Yulo, “I will provide free gastrointestinal consultations and colonoscopies until the age of 45.” Famous local restaurants also said they will provide lifetime passes. Diaz, who won gold at the 2020 Tokyo Olympics, received a prize of about 60 million pesos (about 1.4 billion won). “I am happy to have won the gold medal. And I also won a house,” Yulo said. “I hope this victory will open the door for Filipino children to have access to (gymnastics).” 안전놀이터

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