Fabiano Caruana Net Worth: Endorsements & Earnings

One of the youngest grandmasters, a chess prodigy, Fabiano Caruana’s net worth is estimated at $13 million.

Fabiano Caruana is an Italian-American professional chess player known as the youngest grandmaster in the history of both Italy and the United States. 

Further, he became a grandmaster at 14 years, 11 months, and 20 days. As of now, Caruana is ranked as the world No. 2 amongst some of the best in the world.

Likewise, the chess prodigy earned his grandmaster title in 2007 and won his first Italian Chess Championship.

Moreover, he was born in Miami to Italian-American parents, where he quickly began playing chess. Caruana played chess for the US until 2005, after which he transferred to Italy.

Soon he began to bag multiple champions in a few years, including four consecutive Italian Chess Championships, three Dortmund Sparkassen Chess Meeting, and many more.

Similarly, he also won the Sinquefield Cup 2014, where he recorded a historic 3103 performance rating.

Furthermore, the grandmaster improved his Elo-rating to 2844 that helped him become the third-highest-rated player in history behind Magnus Carlsen and Garry Kasparov.

Following his successful career, he transferred back to the United States in 2015. He continued his impressive winning streak as he won the FIDE Grand Prix 2014–15.

Not to mention, he won the 2016 US Chess Championship. Fabiano then went on to represent the US on board one at the 42nd Chess Olympiad.

Moreover, he helped secure gold for the US team and bronze in the individual round. In addition, he won the Candidates Tournament 2018, becoming the second-ever American challenger for the undisputed World Chess Championship.

Before getting into details about the grandmaster, here are some quick facts about him.

Quick Facts

Fabiano Caruana | Net Worth, Income & Endorsements

Caruana has earned most of his wealth as an outstanding chess player. Further, his net worth is roughly estimated at $13 million. 

Since the chess prodigy didn’t like to flaunt his money as most of the players of his status, there is no information about his total income through prize money.

Nonetheless, we know that he bagged $511,400 on the 2018 World Championship after securing the silver medal.

Similarly, he won $95,000 for winning the Candidates tournament the same year. Recently, has won $13,678.61 in prize money from a single match.

As a result, he is ranked #928 in highest overall earnings in the world and #178 in the United States.

In just two years, he made more than $1 million through prize money. Not to mention, he is the current second-richest chess player behind Hikaru Nakamura.

Besides that, he also earns a fair amount from his sponsorship, such as the Chess Club and Scholastic Center, Liberty Science Center, and many more.

Likewise, Caruana also has his merch that he sells online through his website. Furthermore, he has also seen the promotion of his merch through social media.

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Fabiano Caruana’s Net Worth In Different Currencies

Fabiano Caruana Net Worth | House & Cars

Having been gained the spotlight at a very early stage, Caruana preferred to live a private life. As a result, there are not many details about the chess genius’ house.

Nonetheless, we know that he used to live in his parent’s house in Miami, Florida. Further, at the age of four, the family relocated to Park Slope, Brooklyn, New York City.

Park Slope house may not be as glamorous, but it fulfilled all the basic needs for the family. Not to mention, the house was very close to Fabiano’s chess classes.

Moreover, the house had a separate chess room, where the young prodigy would spend hours playing and learning the game.

However, after six-year, the Caruana family relocated to Madrid, Spain, where they lived in a well-facilitated house with a garden and pool.

Nevertheless, Fabiano would seldom be out playing as he spent most of his time training and practicing. Furthermore, he shifted around multiple countries for his training, such as Budapest, Switzerland.

Hence, he never really settled at one place during his teen period. However, the relocating would stop when he moved back to the United States.

Therefore, he bought a lavishing house in St. Louis, Missouri, in 2014. Similarly, he also purchased the Tesla Model 3 car, with which he loves to play chess.

Above all, the chess prodigy is not that flamboyant, which is why he doesn’t have a lot of car collections but most notably loves Tesla’s models.

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Fabiano Caruana Net Worth | Lifestyle and Vacation

The youngest grandmaster has a luxurious lifestyle. Likewise, he lives in a million-dollar house with his equally expensive cars. Moreover, the player is featured in multiple magazines and newspapers covering his success story.

As a result, he is well-acquainted with many high-profile celebrities David Blaine, the famous illusionist, Viswanathan Anand, Magnus Carlsen, and many more.

Further, he spends most of his time practicing and teaching others to play the game. Nonetheless, he does take out time from his hectic schedule to visit different places.

Therefore, he has been to Sydney, Mumbai, Lugano, and many different places. Alongside playing chess, he is also passionate about photography.

Hence, there are multiple beautiful pictures of panoramic views all over his Instagram handle.

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Fabiano Caruana Net Worth | Charity

The chess genius has been involved in several charitable works. Similarly, Caruana serves as a member of US Chess.

Further, the organization is a non-profitable organization for the US, built to empower people through the help of chess.

Moreover, this organization was founded 31 years ago and has been helping people to enhance and enrich their lives through chess.

Likewise, the young chess prodigy has been a keen supporter of this organization and has helped them raise funds for various programs.

Furthermore, Caruana also serves as an ambassador for the Liberty Science Center’s Chess Work. The LSC’s chess work is an after chess program that is conducted after school.

Similarly, the program mainly focuses on kids that are from risk communities. Moreover, multiple chess events are held for kids, which help challenge their critical thinking.

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Fabiano Caruana Net Worth | Professional Career

Grandmaster and Highest Ranking

Fabiano Caruana began to play the sport as young as four years old. Hence, seeing his potential, his parents encouraged him to take up training, which was a boon for the kid.

Further, he took training with some of the legendary grandmasters from all around the world. In 2007, he became the youngest grandmaster for both the US and Italy at 14 years, 11 months, and 20 days.

Moreover, this victory made headlines in the chess community, and many opponents posed him as a potential threat to their careers.

Soon the chess player entered the Italian Championship and undoubtedly won the tournament. Furthermore, with the increase in his popularity, his ranking also saw a giant leap.

Hence, by the time he was 22-years-old, Fabiano ranked 2nd in the world with a FIDE ranking of 2844. Similarly, the chess player craked the biggest tournament win of all time for the Sinquefield Cup.

Recent Career

Later, he also won the Candidates tournament in Berlin, which earned him the World Championship spot. Also, many chess fans and analysts believed it was a match of a lifetime between Carlsen and Caruana.

As a result, the match gained a huge audience that believed Caruana could be the formidable opponent to the undefeated Carlsen.

Despite significant efforts from Fabiano, he lost by a hair. Nonetheless, he still maintained his rank as the 2nd best chess player in the world.

Moreover, he has then seen a slight downfall as he couldn’t qualify for the London Chess Classic in 2019. Likewise, he finished fourth overall for the 2020 Candidates Tournament.

Nevertheless, Caruana is working hard to get back to win a major title. As a result, he is not seen in the media these days as they speculate him to be training and practicing hard.

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Facts About Fabiano Caruana

• Caruana is the youngest grandmaster in both American and Italian history.
• Fabiano does yoga to relax and release all the stress from his matches.
• The chess prodigy is a dual citizen of two countries, Italy and the United States.
• Caruana began to compete in chess matches at just the age of five, where he held a huge winning streak.

Fabiano Caruana Net Worth | FAQs

How strong is Fabiano Caruana?

After attaining the grandmaster, Fabiano never seemed to fall in ratings. As a matter of fact, at 17, he had a rating of 2594, which was very close to breaking the 2600 barrier. As a result, he is a very strong and a tuff chess player. 

Can Fabiano beat Carlsen?

With the current stats, Carlsen had always had the upper hand when playing chess with Fabiano.

Who is Fabiano Caruana coach?

Grandmaster Vladimir Chuchelov is the coach for Fabiano Caruana.