The 2006 Mr. Olympia contest was an IFBB professional bodybuilding competition and the feature event of Joe Weider's 2006 Olympia Weekend held September 29–30, 2006 at the Orleans Arena in Las Vegas, Nevada.
The total prize money for the Mr. Olympia contest was increased from $480,000 to $546,000.
| Place | Prize | Name | Country | 1+2 | 3 | 4 | Points | |
|---|---|---|---|---|---|---|---|---|
| 1 | $155,000 | Jay Cutler |  | 12 | 5 | 5 | 22[1] | |
| 2 | $91,000 | Ronnie Coleman | | 18 | 10 | 10 | 38 | |
| 3 | $60,000 | Víctor Martínez |  | 34 | 16 | 16 | 66 | |
| 4 | $48,000 | Dexter Jackson | | 36 | 20 | 19 | 75 | |
| 5 | $38,000 | Melvin Anthony | | 50 | 25 | 26 | 101 | |
| 6 | $30,000 | Gustavo Badell | 62 | 30 | 29 | 121 | ||
| 7 | $18,000 | Toney Freeman | | 68 | 35 | 103 | ||
| 8 | $17,000 | Markus Rühl |  | 84 | 41 | 125 | ||
| 9 | $16,000 | Dennis James | | 96 | 47 | 143 | ||
| 10 | $14,000 | Günter Schlierkamp | | 102 | 54 | 156 | ||
| 11 | $4,000 | Vince Taylor | | 120 | 50 | 170 | ||
| 12 | $4,000 | Branch Warren | | 114 | 61 | 175 | ||
| 13 | $4,000 | Johnnie O. Jackson | | 130 | 67 | 197 | ||
| 14 | $4,000 | Darrem Charles | 148 | 62 | 210 | |||
| 15 | $4,000 | Troy Alves | | 142 | 75 | 217 | ||
| 16 | $4,000 | Francisco Bautista |  | 160 | 160 | |||
| 16 | $4,000 | Dennis Wolf | | 160 | 160 | |||
| 16 | $4,000 | Rodney St. Cloud | | 160 | 160 | |||
| 16 | $4,000 | Ronny Rockel | | 160 | 160 | |||
| 16 | $4,000 | Mustafa Mohammad |  | 160 | 160 | |||
| 16 | $4,000 | Bill Wilmore | | 160 | 160 | |||
| 16 | $4,000 | David Henry | | 160 | 160 |