• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
SuccessSports

U.S. women’s soccer team earns record $3.3 million payout while crashing out of the World Cup sooner than ever

Paige Hagy
By
Paige Hagy
Paige Hagy
Down Arrow Button Icon
Paige Hagy
By
Paige Hagy
Paige Hagy
Down Arrow Button Icon
August 8, 2023, 4:27 PM ET
Megan Rapinoe
Megan Rapinoe of USA misses her penalty kick in the shootout as Sweden plays USA at the FIFA Women’s World Cup Australia & New Zealand 2023 at Melbourne Rectangular Stadium on Aug. 6, 2023. Chris Putnam/Future Publishing via Getty Images
Add Fortune on Google for similar content.

The U.S. women’s team is going home early, but they still made history.

Recommended Video

The U.S. women’s soccer team was knocked out of the 16th round of the Women’s World Cup by Sweden during a penalty shootout on Sunday. It was the American team’s earliest-ever exit from the tournament. But despite not winning the title, the women are bringing home their biggest payout ever of $3.25 million. 

In addition to the women’s team’s award for reaching the knockout stage, they settled an agreement with the U.S. Soccer Federation in 2019 that guaranteed the women’s and men’s national teams equal pay. The two American teams will split their prize money equally from their respective World Cups. And under the same agreement, the players receive 90% of their payout, while the federation keeps the remaining 10%.

All in all, the U.S. women’s team made $7.3 million from the 2022–23 World Cup cycle.

After ending 120 minutes of play at a 0-0 draw, the U.S. and Sweden faced off in a penalty kick shootout. Megan Rapinoe, who is known for being deadly in shootouts and has also been on the forefront of the fight for equal pay in the sport, shot the ball over the net, meaning the U.S. was eliminated 5–4.  

Former President Donald Trump, who is battling three separate indictments while running for reelection in 2024, commented on the team’s performance on his social media platform, Truth Social, blaming Megan Rapinoe and “wokeness” for the failure.

Trump wrote, “The ‘shocking and totally unexpected’ loss by the U.S. Women’s Soccer Team to Sweden is fully emblematic of what is happening to our once great Nation under Crooked Joe Biden. Many of our players were openly hostile to America – No other country behaved in such a manner, or even close. WOKE EQUALS FAILURE. Nice shot Megan, the USA is going to Hell!!! MAGA”

FIFA backtracked on pledge for better pay

On July 20, the eve of the Women’s World Cup, the players found out they might not be paid what they were promised as FIFA president Gianni Infantino reneged on a commitment he made the month prior to distribute a portion of the prize money directly to the players.

Under the initial payment model, every participating player would have been paid $30,000 each, with the payout increasing with the team’s performance. Players on the winning team would earn $270,000. The payment would have been significant for most players, as the global average salary for professional women’s soccer players is $14,000.

In a conference, FIFA shared it could no longer make this guarantee but that it was in conversation with national football federations on the issue.

Historically, member federations receive the prize money and are encouraged to distribute the funds to players—but they don’t always do so. Under FIFA’s original commitment, $49 million of this year’s record-breaking $110 million pot would have gone to the players directly, presumably bypassing the federations. 

The decision was considered a setback to closing the gender pay gap in the sport.

Women earned 25 cents on the dollar earned by men at the World Cup last year, according to a CNN analysis. This figure is worse than the global average for women across all industries; they earn 77 cents on the dollar, per the United Nations.

Additionally, nearly a third of women aren’t paid by their federations, and roughly two-thirds have to take leave or unpaid leave from their second job in order to participate in tournaments, according to a 2023 report by the global union FIFPRO.

The 2023 Women’s World Cup is being cohosted in Australia and New Zealand and runs until Aug. 20. 

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
Paige Hagy
By Paige Hagy
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Success

math
AIScience
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
20 minutes ago
Welder on a navy boat
SuccessCareers
Jamie Dimon says six-figure shipyard jobs are the new ‘American Dream’—but candidates will need to endure hours of extreme heat, cold, and rain
By Preston ForeJuly 21, 2026
1 hour ago
Knicks star Jalen Brunson
SuccessPersonal Finance
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 hours ago
wilt
Arts & EntertainmentAuction
Gen Z entrepreneur found a Wilt Chamberlain Lakers warm-up for $3.07 outside Portland — it was a $90,000 genuine article
By Claire Rush and The Associated PressJuly 21, 2026
4 hours ago
cpk
SuccessBook Excerpt
The California Pizza Kitchen story: how two lawyers quit the courtroom to reinvent restaurants
By Rick RosenfieldJuly 21, 2026
5 hours ago
ford
Commentary250 Years of Innovation
Alliance for America’s Skilled Trades: Skilled trades shaped America’s past. Here’s how they can build America’s future
By Jim Farley, Linda Hubbard, Bayo Ogunlesi and Ruth PoratJuly 21, 2026
7 hours ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
23 hours ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
1 day ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
3 days ago
Current price of silver as of Monday, July 20, 2026
Personal Finance
Current price of silver as of Monday, July 20, 2026
By Joseph HostetlerJuly 20, 2026
1 day ago
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
Retail
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
By Sasha RogelbergJuly 20, 2026
1 day ago
The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed
Economy
The Treasury is walking a tightrope on U.S. debt by relying so much on short-term rates that are at the mercy of a suddenly very hawkish Fed
By Jason MaJuly 20, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.