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

At the Fortune Workplace Innovation Summit, Fortune 500 leaders will convene to explore the defining questions shaping the workforce of the future—delivering bold ideas, powerful connections, and actionable insights for building resilient organizations for the decade ahead. Join Fortune May 19–20 in Atlanta. Register now.
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
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
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
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 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.


Latest in Success

Business man shakes hand
SuccessCareers
Forget free lunch and nap pods: AI startups are luring workers with soaring salaries—some recent computer science grads are making over $300,000
By Preston ForeMarch 31, 2026
2 hours ago
Parent with Gen Z adult kid talking about money
SuccessPersonal Finance
Two-thirds of parents say their adult Gen Z kids still rely on them financially  for support—even though it’s putting them under strain
By Emma BurleighMarch 31, 2026
2 hours ago
florida
C-SuiteSports
Amazon robotaxi product lead quits to become the new business operations president for the Florida Panthers
By Tim Reynolds and The Associated PressMarch 31, 2026
5 hours ago
klinsky
SuccessEducation
This billionaire is quietly giving away free college to 800,000 people
By Nick LichtenbergMarch 31, 2026
6 hours ago
Is the org chart dead in the age of AI? LinkedIn’s chief economic opportunity officer thinks so
Future of WorkLinkedIn
Is the org chart dead in the age of AI? LinkedIn’s chief economic opportunity officer thinks so
By Nicholas GordonMarch 31, 2026
11 hours ago
powell
EconomyGen Z
Jerome Powell to Gen Z: Don’t fear AI—master it
By Nick LichtenbergMarch 30, 2026
21 hours ago

Most Popular

Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
Economy
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
By Fortune EditorsMarch 30, 2026
21 hours ago
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to compete
AI
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to compete
By Fortune EditorsMarch 30, 2026
1 day ago
A CEO trying to reindustrialize America says blue-collar pay is headed for 'massive hyperinflation' and kids should skip college to become welders
Success
A CEO trying to reindustrialize America says blue-collar pay is headed for 'massive hyperinflation' and kids should skip college to become welders
By Fortune EditorsMarch 30, 2026
1 day ago
413,793 KitKat bars stolen: 'Whilst we appreciate the criminals’ exceptional taste, the fact remains that cargo theft is an escalating issue'
Europe
413,793 KitKat bars stolen: 'Whilst we appreciate the criminals’ exceptional taste, the fact remains that cargo theft is an escalating issue'
By Fortune EditorsMarch 28, 2026
3 days ago
Current price of gold as of March 30, 2026
Personal Finance
Current price of gold as of March 30, 2026
By Fortune EditorsMarch 30, 2026
1 day ago
The federal government shed 385,000 employees last year. Now the Trump administration is on a blitz to hire Gen Z workers
Politics
The federal government shed 385,000 employees last year. Now the Trump administration is on a blitz to hire Gen Z workers
By Fortune EditorsMarch 31, 2026
12 hours ago