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

Trendingnow

1

Social Security unraveling: 7,100 workers sacked, performance metrics retired, disability claims falling

2

Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent

3

'Where we are today is frightening': a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt

1

Social Security unraveling: 7,100 workers sacked, performance metrics retired, disability claims falling

2

Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent

3

'Where we are today is frightening': a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt
SuccessOlympics

Philippines’ first male Olympic gold medalist in history was given a fully furnished $550,000 condo and a lifetime supply of ramen to go with his medals

Orianna Rosa Royle
By
Orianna Rosa Royle
Orianna Rosa Royle
Associate Editor, Success
Down Arrow Button Icon
Orianna Rosa Royle
By
Orianna Rosa Royle
Orianna Rosa Royle
Associate Editor, Success
Down Arrow Button Icon
February 4, 2026, 11:15 AM ET
Philippines gymnast Carlos Yulo walked away from the Olympics with medals, a fully furnished $550,000 condo, over $300K in cash, and free colonoscopies for life.
Philippines gymnast Carlos Yulo walked away from the Olympics with medals, a fully furnished $550,000 condo, over $300K in cash, and free colonoscopies for life.Naomi Baker—Getty Images

Philippines gymnast Carlos Yulo made history as the country’s first-ever male Olympic gold medalist when he won the top prize for his floor routine on Aug. 3, 2024—and then again, when he became the country’s first two-time gold medalist after winning on the vault less than 24 hours later.

Recommended Video

But the 25-year-old gymnast didn’t just walk away from the summer’s Olympic Games with a pair of medals—he also won a fully furnished $550,000 condo.

The Olympian was originally set to win a two-bedroom condo worth $415,000 (24,000,000 Philippine pesos) in the heart of Taguig City, in metropolitan Manila, thanks to the property developer Megaworld Corp.

However, in light of Yulo’s double success, the company “upgraded” its promised reward to a three-bedroom $553,345 (32 million Philippine pesos) condo.

The fully furnished flat sits inside the company’s 50-hectare McKinley Hill township, which it says is home to “several world-class athletes, including members of the Philippine national teams for basketball and football.” 

“This makes it a perfect home for Filipino champions who live a life of passion and excellence through and through,” Megaworld president Lourdes T. Gutierrez-Alfonso said in the statement.

The company also gifted Yulo $51,900 (3 million Philippine pesos) in cash.

More prizes: Ramen, restaurants, and free colonoscopies for life

As if two gold medals and a condo aren’t enough, Yulo was showered with even more gifts from proud Filipino businesses and leaders.

In addition to the $173,000 (10 million Philippine pesos) given by the government to each gold medalist, the House of Representatives gifted the champion $103,700 (6 million Philippine pesos).

Meanwhile, the country’s capital city, Manila, where Yulo was born and raised, prepared a “hero’s welcome” for him.

“The grandest welcome will greet him and all our Paris Olympians. When we meet him, we will present Carlos Yulo [with] cash incentives, awards, and symbols of the eternal gratitude of the proud capital city of the Philippines,” the city’s former mayor, Honey Lacuna, told the BBC.

Also awaiting Yulo’s return were a lifetime supply of free buffets, ramen, and chicken inasal, a grilled chicken dish, from various chain restaurants.

One doctor even pledged to provide free colonoscopies and gastroenterology consultations to the nation’s hero for life—but only after he turns 45.

The gymnast had also been offered two free café franchises from Don Macchiatos, a coffee and lemon drink business, as well as various brand ambassadorship opportunities.

Even those who share the same name as Yulo got the red-carpet treatment, with some eateries offering free meals or drinks to anyone named Carlos, Caloy (his nickname), or Edriel (his middle name).

Wacky awards countries give their Olympic medalists

Perhaps unsurprisingly, Yulo isn’t the first Olympic champion to be on the receiving end of some wacky prizes.

When Indonesian badminton athletes Greysia Polii and Apriyani Rahayu returned home from Tokyo in 2021, the popular Indonesian meatball restaurant chain Baso Aci Abang gave the nation’s only gold medalists their own shopfront.

Meanwhile, the island of Sulawesi—where Rahayu hails from—promised her five cows and a house. 

In South Korea—where all able-bodied men must enlist in the armed forces for 18 months before age 28—medalists win exemption from military service.

Meanwhile, Russian Olympic medalists have been gifted with racehorses, as well as premium cars, among other incentives. The 2016 medalists won BMW X5s.

However, unable to pay for their upkeep, some were forced to promptly sell their prizes.

A version of this story originally published on Fortune.com on Aug. 6, 2024.

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
Orianna Rosa Royle
By Orianna Rosa RoyleAssociate Editor, Success
Instagram iconLinkedIn iconTwitter icon

Orianna Rosa Royle is the Success associate editor at Fortune, overseeing careers, leadership, and company culture coverage. She was previously the senior reporter at Management Today, Britain's longest-running publication for CEOs. 

See full bioRight Arrow Button Icon

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
  • Pinterest icon

Latest in Success

Cisco CEO Chuck Robbins
SuccessProductivity
Cisco CEO says he’s the fastest messenger on his team—and hires people with the same urgency and ‘desire to move’
By Emma BurleighJune 3, 2026
2 hours ago
jstina
SuccessTraining
The IBM executive tasked with training 30 million workers in AI is changing how she thinks about the finish line
By Nick LichtenbergJune 3, 2026
3 hours ago
as
CommentaryVenture Capital
The most contrarian and durable bet in AI is 85 million moms
By Allison SternJune 3, 2026
3 hours ago
Women run a record 11.2% of Fortune 500 companies in 2026—but the gain came in a year of high-profile exits
MPWFortune 500
Women run a record 11.2% of Fortune 500 companies in 2026—but the gain came in a year of high-profile exits
By Sydney LakeJune 3, 2026
6 hours ago
Dan Peyovich
Future of WorkCOO Summit
Data center CEO is hoping for a skilled-trades revival in his lifetime—he’s recruiting couch-dwelling Gen Z with two weeks of vacation on day one
By Preston ForeJune 2, 2026
20 hours ago
Jason Kidd
ConferencesCOO Summit
Chipotle COO calls hiring one of the ‘most painful processes’—so his AI bot ‘Ava Cado’ cut it from 12 days to 4
By Preston ForeJune 2, 2026
23 hours ago

Most Popular

Social Security unraveling: 7,100 workers sacked, performance metrics retired, disability claims falling
North America
Social Security unraveling: 7,100 workers sacked, performance metrics retired, disability claims falling
By Katie Savin, Callie Freitag, Matthew Borus and The ConversationJune 2, 2026
1 day ago
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
Environment
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
By Marco Quiroz-GutierrezJune 1, 2026
2 days ago
'Where we are today is frightening': a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt
Banking
'Where we are today is frightening': a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt
By Nick LichtenbergJune 2, 2026
1 day ago
Cognizant CEO says AI is remaking middle managers into player-coaches who can 'both  execute and develop others'
Newsletters
Cognizant CEO says AI is remaking middle managers into player-coaches who can 'both execute and develop others'
By Diane BradyJune 2, 2026
1 day ago
Current price of oil as of June 2, 2026
Personal Finance
Current price of oil as of June 2, 2026
By Joseph HostetlerJune 2, 2026
1 day ago
The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
Energy
The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
By Melissa HancockJune 1, 2026
2 days 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.