The 2016 Australian Open Grand Slam tennis tournament is taking place from January 18-31, 2016, on the hard courts at Melbourne Park in the Melbourne Park Sports and Entertainment complex located in Melbourne, Victoria, Australia. Here is a list of the prize money up for grabs for the men and women tennis players in the singles competition at the 2016 Australian Open.
All prize money listed below has been converted from Australian dollars into American dollars at the current exchange rate of .70 to 1. Total prize money at the 2016 Australian Open has been increased from AU$40 million to AU$44 million. In American dollars that’s $27.87 million to $30.66 million.
As noted below for each round, some of the prize money has been increased for the players this year while other amounts have actually declined for certain rounds. That is taking into account the currency exchange from Aussie to US dollars. The prize money is not cumulative players only earn the amounts shown for the last round they advance to.
The men and women tennis players at the Australian Open are paid the same amounts of prize money. That’s true at all four Grand Slam tennis events but it is not true at all the tennis events played throughout the year.
- Winners – $2.65 million
The 2016 men’s and women’s winners of the Australian Open Grand Slam tennis tournament in singles play will each earn a cool $2.65 million. That is up 5% over the $2.524 million that Novak Djokovic and Serena Williams each earned last year when they won the tournament.
- Runners-up – $1.325 million
The two runners-up at the 2016 Australian Open in singles play will each earn a not too shabby $1.325 million. That is also up 5% over the $1.262 million that Andy Murray for the men and Maria Sharapova for the women each earned when they were the runners-up to Novak Djokovic and Serena Williams.
- Semifinalists – $560,000
The four players who reach the semis and do not advance at the 2016 Australian Open will each earn $560,000. That is up 5.8% over the $529,298 that Stan Wawrinka and Tomas Berdych for the men and Madison Keys and Ekaterina Makarova for the women each earned when they were runners-up last year.
- Quarters – $280,000
Reaching the quarters at the 2016 Australian Open in singles play is worth $280,000 for each player who does not advance. That is up just 1.1% over the $276,864 that Milos Raonic, Kei Nishikori, Nick Kyrgios and Rafael Nadal for the men and Eugenie Bouchard, Venus Williams, Dominika Cibulkova and Simona Halep for the women all earned by making the quarters last year but not advancing.
- Fourth round – $140,000
Reaching the fourth round is worth $140,000. That is down 3.5% from the $142,503 that players like Feliciano Lopez, David Ferrer, Bernard Tomic and Grigor Dimitrov for the men and Garbine Muguruza, Victoria Azarenka, Madison Bengle and Julia Georges for the women all earned when they lost in the 4th round here last year.
- Third round – $68,000
Making it to the third round of the 2016 Australian Open in singles play is worth $68,000 in prize money. That is down 16.8% from the $79,395 that players like John Isner, Benjamin Becker, Gilles Simon and Roger Federer for the men and Karolina Pliskova, Sara Errani, Caroline Garcia and Petra Kvitova for the women earned here last year when they lost in the third round.
- Second round – $42,000
Reaching the second round is worth $42,000. That is down 16.3% from the $48,858 that players like Jeremy Chardy, Donald Young, Gael Monfils and Lleyton Hewitt for the men and Caroline Wozniacki, Nicole Gibbs, Sam Stosur and Lauren Davis for the women all earned when they lost in the second round last year.
- First round – $24,000
Just for playing in the first round players will earn $24,000 at the 2016 Australian Open if they lose. That is down 17.1% from the $28,094 that players like Sam Querrey, Ernests Gulbis, Borna Coric and Tobias Kamke for the men and Alison Riske, Belinda Bencic, Sabine Lisicki and Angelique Kerber for the women all earned when they lost in the first round here last year.