What is Magnus Carlsen's net worth as he seeks fifth world Chess championship?

Jake Nichol December 4, 2021
What is Magnus Carlsen’s net worth as he seeks fifth world Chess championship?
Photo by Dean Mouhtaropoulos/Getty Images

Magnus Carlsen is seeking a fifth World Chess title against Ian Nepomniachtchi, but what is Carlsen’s net worth as he faces off against the Russian in Dubai?

The World Chess Championship uses a 14-match format to decide who is the best player in the world.

To win, a player must get a score of 7.5 to claim the crown.

Wins are awarded one point, with draws earning players 0.5 points towards their tally.

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On Friday, 3rd December, Carlsen and Nepomniachtchi faced off in Game 6 of the championships – delayed a year to the pandemic.

The Norwegian and Russian were tied at 2.5-2.5 each after a series of five consecutive draws.

In the longest chess game in the history of the World Championships, lasting just shy of eight hours and 136 moves, Carlsen finally sneaked ahead.

Now on his way to a potential fifth world Chess title, what is Magnus Carlsen’s net worth in 2021?

Let’s take a look.

Photo by GIUSEPPE CACACE/AFP via Getty Images

Magnus Carlsen net worth revealed

Born in the south of Norway in November 1990, Carlsen is currently a four-time world champion.

He claimed titles in 2013, 2014, 2016 and 2018.

Carlsen is seeking to become just the fifth player to win at least five titles, should he overcome Nepomniachtchi.

As a Chess Grandmaster, Carlsen is a member of the elite chess players in the world.

During his career, which began in 2004, aged just 13, Carlsen has accumulated a net worth of around $8 million.

That is made of prize money and sponsorships Carlsen has.

Prize money is chess is relatively small, and the splits between winner and loser is almost equal.

In 2014, when Carlsen defended his title for the first time, he received $750,000 in prize money.

Runner-up Vishy Anand pocketed $500,000.

The splits further reduce if tie-breakers are required.

The winner of the 2021 championship will receive 60% of a $2 million bounty.

It will reduce to 55% if a tie-breaker between Carlsen and Nepomniachtchi is required.

Photo by GIUSEPPE CACACE/AFP via Getty Images

What’s Carlsen’s rating?

In 2014, Carlsen broke the long-held record of Russian great Garry Kasporov (below) in his peak rating.

Kasporov, a five-time champion, became the first player to break the 2800 barrier in 1999.

Carlsen then came along and pipped Kasporov’s 2851 rating with a 2882 rating of his own.

It is the highest in chess history.

As of December 4th, 2021, Carlsen’s rating is 2854.

Photo by CARLOS COSTA/AFP via Getty Images
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Jake can usually be found writing about or watching anything to do with motorsport – from Formula 1 to NASCAR to British Truck Racing. His work as a motorsport journalist has been published by the likes of Autosport, Motorsport.com and Motorsport News – all highly respected names. Away from racing he is a keen amateur astronomer, podcast listener and enjoys long walks in the park with his three dogs.