We recently discussed the true financial worth of an Olympic gold medal. The results were somewhat underwhelming, with only 1.94% of the medal being gold (a total of 6 grams) the estimated worth for an Olympic gold medal was placed at just $675.00. Ukrainian boxer Wladimir Klitschko got slightly more than that when he recently auctioned off his own Olympic gold medal.
1996 was a special year for Ukraine; it was the first time that the country had attended an Olympic Games as an independent country. The Atlanta Olympic Games saw Ukraine finish an impressive 9th overall on the medal standings with a total of 23 medals – 9 gold, 2 silver and 12 bronze.
One of these gold medal winners went on to achieve stunning success in professional sport - Wladimir Klitschko, the current WBA, WBO, IBF and IBO boxing champion. In 1996 he achieved one of his early career highlights by taking home a gold medal in the super heavyweight division at the Olympic Games.
The “Steel Hammer” at work…
Nearly 16 years later Klitschko has made headlines by auctioning off his 1996 Gold medal for charity. As we mentioned, the actual medal itself is worth a little over $500 but Klitschko’s medal went for an astounding $1 million US Dollars!
Olympic Gold Goes For Charity
As everyone knows, a portion of national lottery tickets sold are given to good causes. The exact charities and causes supported, along with the amounts donated vary from country to country but it is good to know that behind every lottery ticket is a charitable donation.
Klitschko seems to be in a lottery mindset because he donated all $1 million US Dollars raised from the auction to his charitable foundation.
"I did sell the medal in March and 100% of the funds, which is $1 million, went to the Klitschko Brothers Foundation - we care about education and sport, that is the key in any children's life,"
Klitschko, who says he will fight again before the end of this year, has a formidable record in professional boxing. He has won 58 of his 61 fights - 51 by knockout! A warrior in the ring, Klitschko appears to be a dedicated philanthropist outside of it concerned especially with developing the potential of his nation’s youth.
Says Klitschko, “Sport teaches you how to respect your opponent, how to respect the rules.”
Respect Good Causes
If you are also an enthusiastic supporter of charities then lotteries are the game for you!
With portions of every ticket sale going to charitable concerns within the lottery’s home countries it is a great way to support good causes while also standing the chance to win hundreds of millions of Dollars for yourself!
PlayHugeLottos.com players can also choose to donate a portion of any winnings to charity by simply selecting the “Donate Funds” option when winnings are claimed.
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