Ryan Lochte is a particular case: While Lochte has obtained such stipends in the past, he can now afford to take a decrease fee of support from USA Swimming (though he nonetheless pockets an estimated $30,000 a yr in funding and reimbursements). That’s as a result of as a gold-medal favorite – in the 200-meter backstroke and particular person medley, where he’s beaten Michael Phelps – Lochte is ready to earn about $2.three million this year. A lot of that comes from Lochte’s sturdy sponsorship lineup: Lochte has longstanding relationship with Speedo and Gatorade, and likewise counts Nissan, Mutual of Omaha, Gillette, Ralph Lauren and AT&T ( T ) as sponsors, the latter three in anticipation of the London Olympics.
The CNN Cash knowledge additionally showed Malaysia and Nigeria have been forecast to rank eighth and ninth in terms of the quickest GDP progress charges this 12 months with four.eight … Read more