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US Olympians get $200K investment thanks to billionaire financier donation
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Local News
Powder Magazine reports Team USA is one of the only nations that doesn’t receive financial support from the government.
This year, Ross Stevens, founder of the New York investment group Stone Ridge Holdings, decided to help improve the financial security of U.S. Olympians.
Stevens’ gift, dubbed The Stevens Financial Security Awards, is a nest egg for the future and will continue through 2032.
Eligible athletes will receive a $100,000 payment 20 years after the qualifying Games or at age 45, whichever is later.
The U.S. Paralympic team will be announced ahead of the March Games.