How Paris Pulled Off One Of The Cheapest Olympics

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While the Olympics is one of the biggest sporting events in the world, it comes with a hefty price tag for the cities hosting the games. Since 1960, every Olympics has overspent its budget by building new venues, Olympic villages, and public infrastructure. For the 2024 Paris Summer Olympics, it aims to become one of the cheapest modern Olympics. The total budget for the 2024 Olympics is an estimated $9.7 billion, with 95 percent of the venues needed already built. Chapters: 01:34 Title card - How Paris pulled off one of the cheapest Olympics 01:37 Chapter 1 - The Paris Olympics 03:56 Chapter 2 - Why some failed 6.02 Chapter 3 - New IOC guidelines 08:00 Chapter 4 - The future of hosting Producer: Daren Geeter Animation: Jason Reginato, Emily Rabbideau Senior Managing Producer: Tala Hadavi Additional footage: Getty Images, International Olympic Committee » Subscribe to CNBC: » Subscribe to CNBC TV: About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to stop worrying about money? Sign up for CNBC’s new online course Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure. We’ll teach you the psychology of money, how to manage your stress and create healthy habits, and simple ways to boost your savings, get out of debt and invest for the future. Start today and use code EARLYBIRD