MANILA, Philippines — Team Philippines gymnast Carlos Yulo is set for a major windfall following his unprecedented success at the Paris Olympics, becoming the first Filipino to win a pair of gold medals in the Summer Games.
Incentives for his gold medal haul are expected to continue increasing, if not doubling, as more private companies step in to reward the most successful Olympian the Philippines has ever produced after his gold medal win in the vault event on Sunday night.
“Since this is a very significant milestone in the history of Philippine sports to have two gold Olympic medals during our 100th-year participation as a country in the Olympics, which also coincides with our company’s 35th anniversary this year,” said Megaworld president Lourdes Gutierrez-Alfonso in a statement.
Bounty Fresh Group Holdings Inc. and Chooks-to-Go also committed to gift Yulo ₱3 million in cash bonuses.
“As a Filipino brand, we believe in celebrating and supporting our homegrown talent, and this reward is a testament to our admiration for Carlos. We hope his success will inspire the next generation of Filipino athletes to pursue their dreams with the same passion and determination,” said Bounty Fresh executive Patricia Cheng-Lim.
Philippine Olympic Committee president Bambol Tolentino is also rewarding the winners at the Paris Olympics with a house and lot, similar to what he did for Hidilyn Diaz and the 2020 Tokyo Olympics silver medalists Nesthy Petecio and Carlo Paalam, as well as bronze medalist Eumir Marcial.
Yulo may also receive a “Senate Medal of Excellence,” as filed by Senate Majority Leader Francis Tolentino on Monday.
Lifetime benefits await Yulo, with restaurants like Vikings and Tipsy Pig offering him free meals.