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Olympic Games have been most expensive ever
The Olympic Games, current taking place in Tokyo has an official price tag of $15.4 billion – the most expensive ever. It is also the first with virtually no spectators, meaning almost no ticket revenue to offset the huge cost.
According to multiple government audits the real cost for the Tokyo Games could be much higher at up to double. Nearly $9 billion of the money to put on the Games has come from the taxpayer.
Olympic costs have been analysed in a study by the University of Oxford, which says every single Olympic Games in the past 60 years has overrun its original budget.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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