Magnus Carlsen Net Worth: Everything You Need to Know

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Magnus Carlsen Net Worth
Magnus Carlsen in London, England. (Photo by Dan Kitwood/Getty Images)

Carlsen was able to complete a 50-piece jigsaw puzzle when he was just two years old. When he was four, he was putting together Lego sets designed for kids three years older than him.

At age five, Carlsen learned how to play chess from his father. When he was eight, he participated in his first tournament at the Norwegian Chess Championship.

Magnus Carlsen
Magnus Carlsen (Photo by Andrzej Iwanczuk)

Between 2000 and 2002, Carlsen played in about 300 rated tournament games, numerous blitz tournaments, and lesser events.

At the end of the second year, he placed sixth in the European Under-12 Championship, and the following year, he tied for first place in the World Under-12 Championship.

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Magnus Carlsen’s Career

Magnus Carlsen began playing while he was young, rising in the ratings from 904 to 1907 in just three months. Being only ten years old, he immediately astounded everyone.

His abilities gained widespread recognition after he tied with Garry Kasparov. Carlsen received widespread acclaim despite losing to the latter in the second game.

Magnus Carlsen's Career
Magnus Carlsen in Los Angeles, California. (Photo by Axelle/Bauer-Griffin/FilmMagic)

He shocked many people when he reached the third round of the Chess World Cup at the age of 15. After that, he won a 2007 Chess World Cup round before falling to Gata Kamsky in the semifinals.

Similar to how he shared first place at the FIDE Grand Prix match in Baku in 2008 to take home the title of tournament champion. Victories started to mount as he won the London Chess Classic and concluded the year as the best player in the world.

Magnus Carlsen’s Net Worth

Celebrity Net Worth pegs Magnus Carlsen’s net worth at about $50 million. Sponsorships, YouTube channels, and prize money from competitions provide him income.

Magnus Carlsen Net Worth
Magnus Carlsen of Norway. (Photo by Dean Mouhtaropoulos/Getty Images)

He is one of the co-founders of the Play Magnus AS app, which works on iOS and Android devices.

He consequently gets a contract with Unibet that breaks records and earns $2 million from endorsements. Additionally, Carlsen consented to support Arctic Securities, Mastercard, Skilling, and InstaForex.

Significantly, he is a fervent fan of the sports team Real Madrid. He often plays soccer and is ranked first in the 2019 Premier League fantasy game.

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Magnus Carlsen: Play Magnus

Play Magnus AS is a company Carlsen co-founded with Anders Brandt and Espen Adgestein. Players can compete against a chess engine made using a database of Carlsen’s previously recorded games by downloading the company’s iOS app called Play Magnus.

Later, more applications like Magnus Trainer and Magnus Kingdom of Chess were accessible. In 2019, Carlsen founded the Offerspill Chess Club in Norway and is presently its chairman.

Magnus Carlsen’s current net worth has been greatly boosted by his ownership of Play Magnus shares. In March 2019, Play Magnus and united to form one of the largest online chess companies in the world.

Magnus Carlsen Play Magnus
Magnus Carlsen is playing a final chess game. (Photo by Hector Vivas)

Magnus retains his ownership stake in Play Magnus through a holding company called Magnuschess. According to corporate records, Magnus owns 85% of Magnuschess. His father owns 15% of the business. Magnuschess owns 9.4% of Play Magnus.

Magnus’ direct share stake has recently varied in worth between $10 and $20 million, depending on the Play Magnus’ market capitalization.

Carlsen agreed to be Play Magnus Group’s brand ambassador after the company’s 2022 acceptance of’s takeover offer. Magnus Carlsen also earns roughly $2 million a year in sponsorship fees and millions in competitive prize money.


By Collins Abia

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