Winning a gold medal at the Olympics is a life-changing experience. You can’t put a price on it. But, depending on where you’re from, you might expect a financial windfall.

When swimmer Joseph Schooling edged out Michael Phelps and a tight field in the 100-meter butterfly event, he became the first athlete from Singapore to win a gold medal -- and he will be the first to earn the country’s $753,000 gold-medal bonus. That’s nearly 30 times more money than Michael Phelps or any other U.S. athlete would take home for winning gold.