As they say, when it rains it pours.
That's exactly what is happening to Carlos Yulo. After a mind-boggling gold medal victory in the floor exercise of the gymnastics competition in the Paris Olympics, cash and kind are pouring like rain, no, like a storm, to the 24-year-old Olympic star.
They are coming from the government and the private sector. If Hidilyn Diaz's haul during her gold medal win in weightlifting in the Tokyo Olympics is a measure, Yulo stands to receive at least P60 million, making him an instant megamillionaire.
Top of the heap is a two-bedroom, fully-furnished condominium worth P24 million located in Mckinley Hill, a pricey enclave just outside Bonifacio Global City in Taguig City.
This condo is besides the house and lot in Tagaytay City offered by Philippine Olympic Committee President Abraham ‘Bambol’ Tolentino located in Tagaytay City whose value is unknown but could also be in the millions.
Then there's the cash component, topped by the P10 million from the Philippine Sports Commission as provided by law under the Athletes Incentives Act.
READ P24-million condo awaits Filipino gold medalist at Paris Olympics
Also a P3 million incentive has been allotted by Congress to Yulo as per House Appropriations panel chairman Rep. Zaldy Co.
Like Diaz and other Filipino Olympic medalists, Yulo is also in line to get brand new vehciles, although this has not been itemized yet.
Then there’s also the lifetime supply of free buffet meals courtesy of the Vikings Group.
Yulo actually isn’t done yet.
He’s set to compete in the men’s vault finals later Sunday night as he sets his sight on becoming the first Filipino Olympian to become double gold medal winner.
A second gold medal will raise Yulo's incentive to P20M in cash under the Athletes' Incentive Act.
Even before going to Paris, Filipino Olympians were already given financial incentives of at least P1.5 million each through pledges made by members of the Senate including Senators Risa Hontiveros and Bong Go.
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