It could actually be more, according to Jiang Xiaoyu, executive vice president of Beijing Organizing Committee for the Olympic Games. Jiang, a newly appointed deputy director of the Committee of Education, Science, Culture, Health and Sports of CPPCC, the country's political advisory body, told press on May 4 that the Beijing Games made a profit of at least $16 million USD.
"The total spending of the Beijing Olympics is on par with that of the 2004 Athens Games. We're able to exceed the original target as the sponsors were so good," said Jiang, "the Games made a profit of at least $ 16 million USD after deducting $ 1.609 bn USD of spending from the income of $ 1.625 bn USD."
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