Magnus Carlsen Net Worth [LATEST]

Magnus Carlsen Bio

Full Name	Sven Magnus Øen Carlsen
Category	Players
Net Worth	$25 Million
Date of Birth	30 November 1990 (age 33)
Birth place	Tønsberg, Norway
Gender	Male
Occupation(s)	Chess Player, Model
Title	Grandmaster (2004)
FIDE rating	2830 (December 2023)
Peak rating	2882 (May 2014)
Overall Ranking	No. 1 (December 2023)

How much is Magnus Carlsen net worth?

Magnus Carlsen is a chess player from Norway. Magnus Carlsen net worth is $25 million. He is not just any chess player – he is a grandmaster and the five-time World Chess Champion!

He holds a record of having longest unbeaten streak in classical top-level chess games. Plus, he has achieved a peak rating of 2882, the highest ever. Carlsen’s style of playing is positional mastery on the board and killing it in the endgame.

Earnings from Play Magnus

Carlsen, as an entrepreneur, co-founded with Anders Brandt and Espen Adgestein to start a company named Play Magnus AS. Their first product was an iOS app called Play Magnus for iPhones.

It’s cool because you can play against a chess engine that learned from all of Carlsen’s old games database. They also released more apps like Magnus Trainer and Magnus Kingdom of Chess later on.

Then, Carlsen started a chess club in Norway called Offerspill Chess Club in 2019, and he’s the chairman there too.

Now, a big part of Magnus Carlsen’s earnings comes from owning a piece of Play Magnus, a company that’s publicly traded on the stock market. In March 2019, Play

Magnus joined hands with chess24.com to become one of the largest online chess companies across the globe. This publicly traded company today is worth more than $100 million.

Magnus owns a stake of Play Magnus through a holding company named Magnuschess. Check this out: Magnus has a huge 85% of it, and his father has the other 15%. Magnuschess itself has a stake of 9.4% of Play Magnus.

And, depending on Play Magnus’ market cap, Magnus’ direct equity stake is worth somewhere between $10-20 million at different times recently.

In 2022, Chess.com signed a contract to finalize an offer of acquisition for Play Magnus Group. As as part of the contract, Carlsen became the face of Chess.com as their brand ambassador.

On top of that, Carlsen earns about $2 million every year from sponsorships and bags several million more from tournament prize money.

Early Life

Sven Magnus Øen Carlsen was born on November 30, 1990, in Tønsberg, Norway. His mother, Sigrun, is a chemical engineer, and his father, Henrik is an IT consultant.

When he was a child, he lived in different places like Espoo, Finland, and Brussels, Belgium, but later in the late 90s, he came back to Norway.

Even as a little child, Carlsen loved brainy stuff for intellectual challenges. At just two years old, he could solve a tricky 50-piece jigsaw puzzle, and by the time he was four, he was assembling Lego sets meant for children three times of his age.

Thanks to his father, Carlsen learned how to play chess at five. When he was eight years old, he jumped into his first chess tournament at the Norwegian Chess Championship.

Carlsen got admission in the Norwegian College of Elite Sport. His coach was the nation’s top player, Grandmaster Simen Agdestein.

Carlsen played in almost 300 rated tournament games between 2000 and 2002. He also played some blitz tournaments and smaller events.

In 2002, he did pretty well—got sixth position in the European Under-12 Championship and then also tied for first place in the World Under-12 Championship.

Ascension in the World Chess Ranks

When Carlsen was just 13 years old, he hit the news by winning his group at the 2004 Corus chess tournament in Wijk aan Zee, Netherlands. This win got him his first GM norm.

After that, he got his second GM norm at the Moscow Aeroflot Open and the third and final one at the Dubai Open. He tied for first place in the Norwegian Chess Championship later that year, but Berge Østenstad won the champion title because of his superior tiebreaks.

A similar thing happened with Simen Agdestein in 2005. The next year, Carlsen finally won his first Norwegian championship title. And in 2009, after winning the London Chess Classic, he was No. 1 on the FIDE rating list.

In early 2010, Carlsen won the Corus chess tournament again and also aced the London Chess Classic.

The next year, he snagged the Bazna Kings tournament, the Biel Grandmaster tournament, and the Tal Memorial. Even though he couldn’t keep his London Chess Classic title, he still gained rating points to hit a new personal best of 2835.

Then, Carlsen won the Grand Slam Chess Final in 2012 and reclaimed the top position at the London Chess Classic. This results in increasing his rating to a big number 2861, surpassing the old record of 2851 set by Garry Kasparov.

As a World Champion

In 2013, Carlsen began his crazy winning streak in the World Chess Championship. He beat Viswanathan Anand and won the title of the new World Champion.

The next year, he won two trophies, one is the FIDE World Rapid Championship and the second is the World Blitz Championship. Also, he defended his World Champion title by beating Anand again.

Carlsen was on fire in 2015, winning the Tata Steel Chess Tournament, the Grenke Chess Classic, and Shamkir Chess.

He defended his title at the FIDE World Rapid Championships, making him the first ever player to do so. But, Magnus Carlsen could not defend the World Blitz Champion title and lost it to Alexander Grischuk.

In 2016, Carlsen won the Tata Steel Chess Tournament again and embraced his first victory at Norway Chess. He also won the Bilbao Masters Final.

Then, at the World Chess Championship in New York City, he had a final game with Sergey Karjakin and after a tiebreaker, Carlsen managed to retain his World Champion title.

His winning streak continued when Carlsen defended his title for the fourth time in 2018, beating Fabiano Caruana in rapid tiebreak. He won the Tata Steel Chess Tournament for seventh time in the next year.

Then, Carlsen won the tournaments named the Grenke Chess Classic, the Côte d’Ivoire Rapid & Blitz, the Norway Chess, and the Lindores Abbey Chess Stars Tournament.

Carlsen again made history in 2021 by defeating Ian Nepomniachtchi to win his fifth World Chess Championship and defending his title.

The game was quite intense and longest in the history of the tournament, and it brought the first decisive result after five matches ending in draw for consecutive five years.

Then, in 2023, Carlsen decided not to keep his title against Nepomniachtchi. He won Chess World Cup tournament once again in August 24, 2023 after defeating Rameshbabu Praggnanandhaa.

Playing Style

We’ve discussed Magnus Carlsen net worth. Now, let’s discuss his style of playing chess.

When Carlsen was a young boy, he adopted aggressive approach to play chess. But later on, he changed aggressive style of playing chess to a more universal style.

People say his masterful positional style is a lot like past champions Vasily Smyslov and Anatoly Karpov. And besides being really chill, Carlsen’s success is also thanks to how calm he remains during matches, his great physical fitness, and being excellent at the endgame part of chess.

Endorsements

Because Carlsen is such a famous player in the world of chess, he’s business partnerships with some cool brands.

One time, he did modeling for a fancy Dutch designer clothing company named G-Star RAW in 2010 and again in 2014. He’s also been an ambassador for Nordic Semiconductor and a gambling company named Unibet.

Niemann Controversy

Carlsen participated in the Sinquefield Cup for the Grand Chess Tour 2022 as a wildcard in late 2022. He won his first game against Nepomniachtchi, drew his second with Levon Aronian, and was tied for first place.

But then, in a big surprise, Carlsen lost his next game to Neimann. Two weeks later, they played another game at the Champions Chess Tour 2022 in the Julius Baer Generation Cup.

In a shocking twist, Carlsen resigned after just one move and later accused Niemann of cheating. In October, Niemann sued Carlsen and four others alleging libel and slander about him.

But in June 2023, a Missouri federal court dismissed the $100 million lawsuit.