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Carlos Yulo to receive ₱10M cash, condominium worth ₱24M after Olympic win

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E. Kristhoff Cagape

<p>After clinching the gold medal at the Paris Olympics, Carlos Yulo is set to receive rewards and incentives from various government bodies and private companies.</p><p>Part of his rewards is a ₱10 million cash incentive from the Philippine Sports Commission (PSC) as mandated by Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act.</p><p>Carlos will also be receiving the Olympic Gold Medal of Valor from the PSC.</p><p>The Olympic champion will also be receiving ₱3 million from the House of Representatives.</p><p>&quot;This reward reflects our support for his continued success and our commitment to fostering Filipino talent on the international stage,&quot; Representative Elizaldy Co, chairman of the House Committee on Appropriations, said in a statement as reported by GMA News.</p><iframe class="instagram-media instagram-media-rendered" id="instagram-embed-3" src="https://www.instagram.com/p/C-NhmXcCnZ5/embed/?cr=1&amp;v=14&amp;wp=540&amp;rd=https%3A%2F%2Fent-workbench-web.abs-cbn.com&amp;rp=%2F#%7B%22ci%22%3A3%2C%22os%22%3A1155407.7000000477%2C%22ls%22%3A10014.600000023842%2C%22le%22%3A10029.5%7D" allowtransparency="true" allowfullscreen="" frameBorder="0" height="746" data-instgrm-payload-id="instagram-media-payload-3" scrolling="no" style="background:white;max-width:540px;width:calc(100% - 2px);border-radius:3px;border:1px solid rgb(219, 219, 219);box-shadow:none;display:block;margin:0px 0px 12px;min-width:326px;padding:0px"></iframe><script async="" src="//www.instagram.com/embed.js"></script><p>Real estate developer Megaworld Corporation will also be gifting Carlos a two-bedroom fully furnished condominium unit valued at ₱24 million at McKinley Hill.  </p><p>The Philippine Olympic Committee will also be awarding a house and lot to the Filipino gymnast.</p><p>Food brand Vikings Luxury Buffet will also be giving Carlos a lifetime free buffet.</p><p>Carlos clinched the gold medal in the floor exercise finals of the men&#x27;s artistic gymnastics at the Paris Olympics on Saturday, August 3.  </p><div><a href="https://push.abs-cbn.com/2024/8/4/carlos-yulo-on-olympic-gold-medal-binigay-sa-akin-ito-ni-lord-826" rel="noopener noreferrer" target="_blank"><strong><u>READ: Carlos Yulo on Olympic gold medal: ‘Binigay sa akin ito ni Lord’</u></strong></a></div><p>The Pinoy gymnast scored a total of 15.000 points in the said gymnastics finals.</p><p>Carlos won the first gold medal of the Philippines at Paris 2024 and the first medal of the country in men&#x27;s artistic gymnastics.</p><div><iframe class="instagram-media instagram-media-rendered" id="instagram-embed-1" src="https://www.instagram.com/p/C97fqg2IwKe/embed/?cr=1&amp;v=14&amp;wp=540&amp;rd=https%3A%2F%2Fent-workbench-web.abs-cbn.com&amp;rp=%2F#%7B%22ci%22%3A1%2C%22os%22%3A1111939.4000000358%2C%22ls%22%3A10014.600000023842%2C%22le%22%3A10029.5%7D" allowtransparency="true" allowfullscreen="" frameBorder="0" height="881" data-instgrm-payload-id="instagram-media-payload-1" scrolling="no" style="background:white;max-width:540px;width:calc(100% - 2px);border-radius:3px;border:1px solid rgb(219, 219, 219);box-shadow:none;display:block;margin:0px 0px 12px;min-width:326px;padding:0px"></iframe></div><script async="" src="//www.instagram.com/embed.js"></script><p>The 24-year-old gymnast is the second Olympic gold medalist from the Philippines after Hidilyn Diaz who won the gold in weightlifting in the 2020 Tokyo Olympics.</p><p>&quot;Ito &#x27;yung naging resulta po talaga ng lahat lahat po,&quot; Carlos said in an interview with One Sports following his Olympic win.</p><p>He went on: &quot;Maraming, maraming salamat po talaga. Hindi ko alam kung papaano ito ite-take.  Pero alam ko sa sarili ko na binigay sa akin ito ni Lord and deserve ko &#x27;to.&quot;</p><div><br/></div>

<p>These are the rewards and incentives that Carlos Yulo will be receiving so far after he clinched the gold medal at the Paris Olympics in the men's artistic gymnastics floor exercise finals on Saturday, August 3. </p>

These are the rewards and incentives that Carlos Yulo will be receiving so far after he clinched the gold medal at the Paris Olympics in the men's artistic gymnastics floor exercise finals on Saturday, August 3.

Carlos Yulo to receive ₱10M cash, condominium worth ₱24M after Olympic win

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Carlos Yulo to receive ₱10M cash, condominium worth ₱24M after Olympic win

Toff C.

Published August 04, 2024 09:39 AM PHT

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