Philippines Awards First-Ever Gold Medalist $600,000, House

Gold medallist Philippines' Hidilyn Diaz stand on the podium for the victory ceremony of the women's 55kg weightlifting competition during the Tokyo 2020 Olympic Games at the Tokyo International Forum in Tokyo on July 26, 2021. (Photo by Vincenzo PINTO / AFP) (Photo by VINCENZO PINTO/AFP via Getty Images)
VINCENZO PINTO/AFP via Getty Images

Hidilyn Diaz won the Philippines’ first-ever Olympic gold medal for weightlifting on Monday, earning her an additional cash prize of $600,000 from the Philippine government and private companies, along with a new home, the Manila Bulletin reported on Tuesday.

“Under [the Philippines’] Republic Act (RA) 10699, the government – through its sports agency Philippine Sports Commission (PSC) – will provide a cash incentive of P10 million [about $198,000] to gold medal winners in the Olympics,” the newspaper reported.

Gold medalist Hidilyn Diaz of Philippines, center, is flanked by silver medalist Liao Qiuyun of China, left and bronze medalist Zulfiya Chinshanlo of Kazakhstan, on the podium after the women's 55kg weightlifting event, at the 2020 Summer Olympics, Monday, July 26, 2021, in Tokyo, Japan. (AP Photo/Luca Bruno)

Gold medalist Hidilyn Diaz of Philippines, center, is flanked by silver medalist Liao Qiuyun of China, left and bronze medalist Zulfiya Chinshanlo of Kazakhstan, on the podium after the women’s 55kg weightlifting event, at the 2020 Summer Olympics, Monday, July 26, 2021, in Tokyo, Japan. (AP Photo/Luca Bruno)

Two private Philippine companies have pledged to match the P10 million cash prize awarded to Olympic gold medal winners by the PSC, meaning Diaz stands to receive a total of 30 million Philippine pesos, or roughly $600,000.

“The MVP Sports Foundation (MVPSF) of telecommunication mogul Manny V. Pangilinan has approved P10 million for Filipino gold medal winners, the same amount that San Miguel Corporation (SMC) of Ramon S. Ang said it would give a few days before the Tokyo Olympics,” the Manila Bulletin noted on Tuesday.

Chinese-Filipino billionaire Andrew L. Tan’s property empire, Megaworld Corporation, announced on July 27 it “is giving a residential condominium unit in Eastwood City to Filipino Olympic Gold Medalist Hidilyn Diaz, following her historic win that gave the Philippines its first-ever Olympic gold medal.”

This picture taken on May 21, 2021 shows Olympic weightlifter Hidilyn Diaz of the Philippines writing notes during a training session in Jasin in the Malaysian city of Malacca. - Filipina weightlifter Hidilyn Diaz, who took silver at Rio 2016, has been stuck in Malaysia since February last year because of the coronavirus pandemic but has remained determined to realise her dream of becoming the first Olympic gold medal winner from the Philippines. - To go with 'OLY-2020-2021-WEIGHTLIFTING-PHILIPPINES,INTERVIEW' (Photo by Mohd RASFAN / AFP) / To go with 'OLY-2020-2021-WEIGHTLIFTING-PHILIPPINES,INTERVIEW' (Photo by MOHD RASFAN/AFP via Getty Images)

This picture taken on May 21, 2021 shows Olympic weightlifter Hidilyn Diaz of the Philippines writing notes during a training session in Jasin in the Malaysian city of Malacca. (Photo by MOHD RASFAN/AFP via Getty Images)

“This epic moment is about 97 years in the making, and this is our way of saying thanks to Hidilyn for making us all proud. We believe that it’s just right to give our first-ever Olympic gold medalist a home in our first-ever township, Eastwood City, where she can enjoy the township lifestyle with her family and loved ones,” Megaworld Corporation’s chief strategy officer, Kevin L. Tan, wrote in a press release.

The Manila Bulletin estimated the worth of Diaz’s new Megaworld home at 14 million Philippine pesos, or about $277,000. The condominium is located in the Eastwood City township of Quezon City in Metro Manila.

Diaz won Olympic Gold on July 26 in the women’s 55 kg category for weightlifting. The 30-year-old “set an Olympic record of 224 kgs [for a] total lift, combining her 127 kgs in clean and jerk – also an Olympic mark – and 97 kgs in snatch,” according to the Manila Bulletin.

“Diaz overtook Liao Qiuyun of [the] People’s Republic of China on her last lift in the clean and jerk to win with a total 224 kilograms, one more than Liao,” the official website of the Tokyo 2020 Olympics reported. Diaz’s combined weight lift of 224 kg set an Olympic record.

The Philippines’ presidential spokesman, Harry Roque, said Diaz brought “pride and glory” to her country in a statement released by the Philippine presidential palace on July 26.

“The Palace congratulates, Hidilyn Diaz for bringing pride and glory to the Philippines for winning the country’s first-ever Olympic Gold medal (weightlifting women’s 55 kg),” the press release read.

“Congratulations, Hidilyn. The entire Filipino nation is proud of you,” Roque added.

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