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The 1986 Mr. Olympia contest was an IFBB professional bodybuilding competition held on October 11, 1986, at the Veterans Memorial Auditorium in Columbus, Ohio.^[1]

Total prize money awarded was $120,000.

Place	Prize	Name
1	$55,000	Lee Haney[2]
2	$25,000	Rich Gaspari
3	$13,000	Mike Christian
4	$9,000	Albert Beckles
5	$6,000	Berry DeMey
6	$4,000	Peter Hensel
7		Bertil Fox
8		Ron Love
9		John Terilli
10		Josef Grolmus
11		Tom Platz
12		Jusup Wilkosz
13		Edward Kawak
14		Frank Richard
15		Marco Losito

• Lee Haney won his third consecutive Mr. Olympia title
• Last Mr Olympia competition for Tom Platz and Jusup Wilkosz

• Mr. Olympia
• The 1986 Mr. Olympia

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