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Magnus Carlsen Net Worth – Prize Money From Multiple Competitions And Other Ventures


Magnus Carlsen Net Worth – Prize Money From Multiple Competitions And Other Ventures

Magnus Carlsen, born Sven Magnus en Carlsen, is a well-known professional chess player who has shown exceptional talent since he was a child. Carlsen, the Norwegian Grandmaster, has been at the top of the blitz, classic, and fast chess rankings since winning the World Chess Championship in 2013. In 2014, he was also named the highest-rated player in history. Carlsen has the record for the longest unbeaten streak in classical chess, having won the Norwegian Chess Championship at the age of 15.

Magnus Carlsen’s great career as a chess grandmaster has brought him not only fame but also a substantial chunk of money. He is currently considered one of the wealthiest chess players in the world.

So, let’s take a look at Magnus Carlsen’s net worth, as well as his prize money and other sources that contributed to his millionaire status.

Magnus Carlsen’s Salary And Net Worth

Magnus Carlsen, one of the world’s wealthiest chess players, began playing at the age of five and was already a grandmaster at the age of thirteen. As previously stated, his net worth is greater than that of any other chess master, not only because of the prize money he receives for winning various championships but also because of his numerous endorsement partnerships.

Magnus Carlsen’s net worth is believed to be $8 million, according to Celebrity Net Worth. Current, it is possible that it has increased because he is winning chess championships after chess championships and receiving more sponsorship deals. So, how much money has he won in the past, and what are his other sources of income? Here’s where you can learn more.

Earnings from his chess-playing career

Magnus Carlsen, a competitor, won his first World Chess Champion title in 2013, defeating Viswanathan Anand, the previous World Chess Champion. In 2013, he received a financial prize of $1.5 million, according to reports. Since then, he has won every World Chess Championship and is likely to get a prize of $1 million on average.

Similarly, Magnus Carlsen won the World Rapid and World Blitz Chess Championships in 2019. The entire prize pool for both the global blitz and world rapid championships is $350K, with the first prize of $60K for each tournament. Magnus Carlsen must have earned a total of $120K as the winner of both games.

In addition, some of the other chess contests in which former Fantasy Premier League player Magnus Carlsen competed and won, as well as the prize money, are shown below.

Magnus Carlsen also makes money through various sponsorships. He inked a two-year sponsorship arrangement with Unibet, a Malta-based gaming corporation, to serve as a “global ambassador” in 2020. On top of their previous partnership with Carlsen’s Offerspill Chess Club, which is reportedly valued at $433,500, the corporation serves as a personal sponsor of Carlsen. Half of that sum will be used to help young Norwegian chess players enhance their skills. Carlsen’s biggest sponsors before Unibet were Arctic Securities and Simonsen Vogt Wiig.

Magnus Carlsen was sponsored by Microsoft for a number of years during his early career. Magnus Carlsen’s Facebook page is the source of this image.

After the Norwegian Chess Federation turned down an offer from Kindred Group, Unibet’s parent business, Magnus Carlsen created the Offerspill Chess Club in 2019. Carlsen currently serves as the chairman of Offerspill, Norway’s largest chess club.

YouTube and Mobile App Earnings

Carlsen receives money from YouTube in addition to his Norway-based chess club and chess competitions. His official YouTube account has over 44 million views and 551 thousand subscribers. According to Social Blade, his YouTube channel has monthly profits ranging from $559 to $8.9K, with yearly earnings ranging from $6.7K to $107.4K.

A percentage of Magnus Carlsen’s earnings can also be attributed to a couple of apps that allow users to play chess engines. Carlsen and his buddies Espen Agdestein and Anders Brandt created Play Magnus AS in October 2013. The company’s initial product was a mobile app called Play Magnus, which is now accessible for both iOS and Android devices. He made the software in order to get people to play chess.

Magnus Trainer and the Magnus Kingdom of Chess are two further apps from the Carlsen firm. Recently, the company combined Chess24.com, a multilingual internet chess server, and bought Chessable. They founded Chessable in 2019 as an interactive chess learning platform and marketplace.

Magnus Carlsen’s company was listed on the Oslo Stock Exchange on October 8, 2020. The company’s value increased by $30.2 million as a result of the IPO, bringing it to $85.8 million.

Looking at the initiatives mentioned above, it’s easy to see how Magnus Carlsen’s net worth has grown over time.

Occasional Acting And Modeling Earnings

Magnus Carlsen, the world’s top chess player, has modeled for various commercial campaigns and has a few acting credits to his name. He modeled with actress Liv Tyler for G-Star Raw’s Fall/Winter advertising campaign in 2010. Carlsen also starred in G-Star Raw’s Spring/Summer 2014 ad alongside model and actress Lily Cole.

Magnus Carlsen was also featured on a part of the CBS American television news show 60 Minutes in 2012. Carlsen has made a special appearance on The Colbert Report, an American late-night chat, and news parody show. In 2017, he made a special guest appearance on The Simpsons, an animated sitcom.

Furthermore, in August 2013, Magnus Carlsen signed a three-year sponsorship arrangement with Nordic Semiconductor, a fabless semiconductor manufacturer.

Magnus Carlsen’s net worth has provided him with all of the pleasures and security that he is entitled to as a chess grandmaster. He lives in a magnificent estate in Oslo with his mother, Sigrun en, and father, Henrik Albert Carlsen, and drives fancy cars.

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