Despite the family drama surrounding his viral mother, Carlos Yulo, the Philippines’ two-time Olympic gold medalist, has much to celebrate.

The 4’11” gymnast, who brought pride to the nation with his historic wins, is now reaping substantial rewards and incentives from both the government and private sectors.

Yulo’s triumph in the Paris Olympics has unlocked a treasure trove of incentives, ensuring a prosperous future for the young athlete. Here’s a breakdown of the grand rewards he has received:

Government Incentives

• P20 million from PAGCOR: As confirmed by PAGCOR chief Al Tengco, Yulo will receive P10 million per gold medal, in accordance with Republic Act 10699, which mandates financial rewards for Olympic gold medalists.
• Olympic Gold Medal of Valor: Awarded by the Philippine Sports Commission under Republic Act 10699.
• House of Representatives: A doubled incentive totaling P6 million (P3 million for each gold medal), as stated by House Speaker Martin Romualdez.

Private Sector Rewards

• Megaworld Corporation– Three-bedroom unit worth P32 million: This upgraded reward includes appliances, furniture, fixtures, two balconies, and a parking slot.
• P3 million cash bonus.
• Bounty Fresh Group Holdings Inc. and Chooks-to-Go: P3 million cash bonus.
• Siklab Atleta Pilipinas Sports Foundation: P5 million pledge.
• San Miguel Corporation: P10 million pledge.

Additional Incentives

• Private Companies: P6 million from various private enterprises.
• Milo and other brands: Anticipated additional incentives.
• Hero’s Welcome: A grand celebration planned in his hometown of Manila.

Carlos Yulo’s achievements have not only placed him in the annals of Philippine sports history but have also secured his financial future. The cascade of rewards acknowledges his dedication, hard work, and the immense pride he has brought to the nation.

As the nation celebrates Yulo’s success, the ongoing family drama with his mother, who has lawyered up following a series of emotional press conferences, continues to unfold. Despite this, Yulo’s focus remains on his achievements and the positive impact they have had on Filipino sports.

These incentives and rewards highlight the country’s commitment to supporting its athletes and recognizing their contributions to national pride and international excellence.