Who are the richest chess players and what is their net worth?
Like every other sport, Chess players can make a living playing the game. Although the money Chess players earn is significantly low compared to other sports, Some players have made a fortune from the sport.
Here is a list of the 5 richest chess players in the world.
Richest Chess Players: Magnus Carlsen
Magnus Carlsen is a Norwegian Grandmaster and current world champion. He became world champion in 2013 and has successfully defended it since then. He became Grandmaster at the age of 13. At the time, he was the youngest Grandmaster in history.
Magnus also holds the title of highest-rated player of all time with a peak rating of 2882.
Magnus Carlsen has a net worth of $8million.
His wealth is partly gotten from his 5 world championship wins, prized at about $1million.
However, a major source of his wealth is his company, Play Magnus, which merged with chess24.com in 2019.
Magnus makes good money from chess24 stocks which are traded on the stock market. Furthermore, “Play Magnus Group” owns iChess, Chessable and other chess apps.
Fabiano Caruana is an Italian-American Grandmaster. He became Grandmaster at the age of 14. He is currently the third highest-rated player of all time.
Fabiano’s net worth is about $13 million.
The source of his wealth is majorly from Chess tournaments, sponsorships and the sale of chess merchandise. Furthermore, Fabiano is currently the second richest Chess Player in the world.
Hikaru Nakamura is an American Chess Grandmaster and streamer.
He became a Grandmaster at the age of 15 and is currently the highest-rated Blitz player. He is also the No.1 player in the United States.
Nakamura is believed to be the richest chess player with a rumoured $50 million net worth.
However, Nakamura himself debunked the rumour, claiming he has a lot less than $45 million.
Nevertheless, Nakamura has made a fortune from his chess career and as a chess streamer. He is currently the most-watched streamer on Twitch with over 1.2 million followers. His youtube channel has over 1 million subscribers.
Richest Chess Players: Garry Kasparov
Garry Kasparov is a Russian Grandmaster who held the World Champion title for 8 years (1985 – 1993). He was the No. 1 player in the world for a long time but is now second to Magnus Carlsen.
Kasparov retired from professional chess in 2015 to enter the world of politics and writing.
Kasparov is currently chairman of the Human Rights Foundation.
Furthermore, his net worth is estimated at $6 million.
Anatoly Karpov is a Russian and former Soviet chess Grandmaster. He was the 12th world champion and held the title for a decade (1975 – 1985).
In 2010 he ran for the office of FIDE President but lost to the incumbent President.
Since he retired from professional chess, he has been actively involved in Russian politics.
In March 2022, FIDE suspended Karpov’s title of FIDE Ambassador for Life because of the Russian invasion of Ukraine.
Nevertheless, Karpov’s net worth is about $5 million.
Well, there you have it. The 5 richest chess players in the world.
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