Magnus Carlsen Net Worth: Charity, Houses & Earnings

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Magnus Carlsen is a Norwegian chess master who is a reigning five-time chess champion, four-time World Rapid chess champion, and six-time World Blitz Chess Champion and has a net worth of $50 million in 2024. 

Carlsen has held the No. 1 position in the FIDE world chess rankings since July 1, 2011, as the highest-rated player. Likewise, he holds the record for the longest unbeaten streak at the elite level in classical chess. 

It all started with the motivation and guidance of his father when he was just 5. After completing primary school, Magnus began participating in international events.

Surprisingly, at the very young age of 13, he had already defeated many seniors.

Magnus Carlsen Thinking About His Next Move
Magnus Carlsen Thinking About His Next Move (Source: British GQ)

The chess master made his comeback after two losses and entered the final two rounds at Tata Steel Wijk ann Zee in 2023, only a point behind the leader Nordirbek Abdusttorov. 

To sum up, Carlsen is truly a genius with an IQ of over 190, who has won several championships and is currently the world champion.

Are you looking for information on Magnus Carlsen’s net worth? If yes, you have come to the right place.

Because in this article, all the areas like net worth, endorsements, income sources, book publications, and many more will be covered.

Firstly, let us look at the quick facts below. 

Quick Facts

Full Name Sven Magnus Oen Carlsen
Nick Name The Flying Dutchman, Mozart of Chess
Date Of Birth November 30, 1990
Birth Place Tonsberg, Norway
Age 33 Years Old
Gender Male
Sexual Orientation Straight
Height 5’7″/1.78 cm/178 m
Weight 68 kg/149 lb
Horoscope Sagittarius
Religion N/A
Nationality Norwegian
Ethnicity White
Hair Color Light Brown
Eye Color Brown
Skin Color Fair
Marital Status Unmarried
Girlfriend Elisabet Lorentzen Djønne
Kids N/A
Father’s Name Henrik Albert Carlsen
Mother’s Name Sigrun Øen
Siblings Three sisters: Ellen Øen Carlsen, Ingrid Carlsen, and Signe Carlsen
High School N/A
College Norwegian College of Elite Sport
Profession Professional Chess Player, Actor, Model
Active from 2004 –Present
Awards and Records
  • Chess Oscars winner, 2009-2013
  • Sportsman of the Year, 2009
  • Peer Gynt Prize, 2011
  • World Chess Champion, 2013 & 2016
  • 2014 World Rapid Championship Winner,
  •  2014 World Blitz Championship Winner
Net Worth $50 Million
Salary $1 million (Prize money)
Endorsements Unibet, Simonsen Vogt Wigg, Arctic Securities, and more
Foundation Offerspill Chess Club
Social Media Twitter, Instagram 
Merch  Books, Chess Set
Last Update May 2024

Net Worth & Endorsement

As of 2024, with an impressive net worth of $50 million, Magnus is among the richest chess players in the world.

A greater fraction of his net worth came from the prize money. He receives an average of $1 million for winning chess events and tournaments.

Another contributor to his wealth is sponsorship deals. Back in 2020, the champion signed a two-year deal with Unibet, a website that offers online sports betting and casino games online. 

The Norwegian chess master previously had sponsorship deals with Simonsen Vogt Wigg and Arctic Securities.

Carlsen is the co-founder of Play Magnus AS, a chess app that is compatible with both Android and IOS devices. Likewise, he is the founder of the video game Play Magnus-Train and Play Chess with Magnus. 

These games are highly rated and are very popular amongst chess lovers. 

The chess player also earns through his personal YouTube channel, where he has about 870k subscribers. 

In addition, he also earns through occasional acting and modeling.

House & Cars

In this section, we shall discuss the luxurious six-bedroom house of our Norwegian chess grandmaster, who has been living with his parents in Olso. 

The first thing one can notice in his 40-year-old house is the combination of different styles. The roof design is similar to the Swiss-style, whereas thick concrete walls seem to be inspired by eastern nations.

Dining room with a fireplace nearby
Magnus Carlsen’s Fireplace (Source: Pinterest)

Not to mention, the dining room connects to the reading room, which has a fireplace. The bookshelves are filled with books about history and US presidents.

A small bar is also presented in the house, decorated with his trophies won in the World Chess Championship. 

His House Also Serves As A Place For Post-Match Reflection

When asked about his favorite thing about the house, his answer was the terrace. The chess master had set up a hammock at the center of the terrace, where he analyzed his previous game. 

When asked about it, the player said, “I come here and sit when I want to think how to beat opponents. It also serves as a place for post-match reflection. Even if I win a game, if I have made an avoidable mistake or missed something in my calculations.”

Furthermore, the world chess champion also owns a flat in the city where he usually spends his weekends.

Lifestyle

Carlsen has been living a happy life with his parents in Oslo, Norway. 

He enjoys playing outdoor sports like football, tennis, and basketball and reading books during her free time. Magnus is also among the greatest fan of the Real Madrid soccer club.

Magnus Carlsen on vacation
Magnus Enjoying His Vacation (Source: Instagram)

Similarly, Carlsen is a vegetarian who loves smoothies and fruits. And for breakfast, he prefers Asian flavors along with brown rice for dinner.

Carlsen loves partying and going on vacations with his girlfriend, Elisabet Lorentzen Djønne. 

Charity

The world Champion has been participating in several charity works.

In a charity event on the 28th of October 2020, he played a game against Santiago Solari, a former Real Madrid player. The money generated from the event was given as a donation for social inclusion projects of the Real Madrid Foundation.

Similarly, Carlsen also participated in another event hosted by Chess in School and Communities, which supports and improves children’s educational outcomes. 

Magnus Carlsen At The RM Prestart Game
Magnus Carlsen At The RM Prestart Game (Source: Facebook)

Another example of his generosity was seen during the pandemic when he generated almost $1 million within 24 hours through Offerspill Chess Club (One of his foundations).

Likewise, Magnus has also donated to the CDP COVID-19 Response Fund.

Movies & Book Publications

The Norwegian chess player has made several appearances in TV commercials, documentaries, and TV series. In 2005, he first acted in the documentary “The Prince of Chess.”

After that, Magnus was featured in the Television series “Golden Goal (2009)” to “Dagsrevyen (2017-2020).”

Likewise, Carlsen has also been a voice actor in The Simpsons: The Cad and the Hat (2017). Magnus is another documentary movie played by himself, reflecting his life.

Magnus Carlsen At The Simpsons Show
Magnus Carlsen Has Given Voice At The Simpsons Show (Source: Pinterest)

The World Champion, Carlsen, has not written any books as of 2024. 

However, some good books regarding his career are The Grandmaster: Magnus Carlsen and the Match That Made Chess Great Again Hardcover by Brin-Jonathan Butler and Magnus Carlsen: 60 Memorable Games by Andrew Soltis. 

Career

In his early childhood, Magnus was guided to play chess by his father. During his teens, he was mentored by the champions Ringdal Hansen and Simen Agdestein.

Carlsen won against some of the toughest seniors in the Junior Norwegian Championships in 2000. Later in 2003, he won the World Under-12 Championship. 

Four years later, he won the Norwegian Chess Championship. Carlsen became the world champion in 2013 and has maintained the title ever since.

In January 2015, Carlsen won the 77th Tata Steel Chess Tournament, which was played mainly in the Wijik ann Zee. 

He faced Sergey Karjakin in the 2016 World Chess Championship, which ended in a 6-6 draw. However, Magnus managed to win the game in a 3-1 victory and retain the World Champion title.

Carlsen competed in the 82nd Tata Steel Chess Tournament on January 10, 2020, where he finished two points behind the winner Caruana. 

As of 2024, Magnus is among the richest chess players and is offered average prize money of $1 million per tournament. 

Three Facts About Magnus Carlsen

  • Carlsen is currently in a relationship with Elisabet Lorentzen Djønne.
  • Likewise, the chess player is a fan of Real Madrid CF.
  • Magnus has an IQ of over 190.

Quotes

  • “Some people think that if their opponent plays a beautiful game, it’s okay to lose. I don’t. You have to be merciless.”
  • “If you want to get to the top, there’s always the risk that it will isolate you from other people.”
  • “Once you’re a chess player, you spend a lot of time thinking about the game, and you can’t get it completely out of your head.”

Popularity

Magnus Carlsen is a reigning five-time chess champion, four-time World Rapid chess Champion and six-time World Blitz Chess Champion. 

Magnus Carlsen Search Trend 2023
Magnus Carlsen Search Trend 2023 (Source: Google Trend)

The graph shows his search trend for 12 months. 

Frequently Asked Questions (FAQS)

Did Magnus Carlsen achieve the title of Grandmaster?

To those who have no idea what a Grandmaster is, let us help you with it. Basically, Grandmaster is the highest title earned by a chess player. Moreover, these are highly prestigious awards given to players by the organization of FIDE. Magnus Carlsen was awarded as Grandmaster at the age of 13. His records were absolutely stunning and jaw-dropping. His classical grade of 2,882 is also the highest ever recorded. Magnus is now ranked at the top of the list with an Elo rating.

What are Magnus Carlsen's scores against the wealthiest chess player in the world?

The wealthiest chess player is Hikaru Nakamura, an American chess player. He and Magnus Carlsen has had numerous matches till now. To date, in total, they have had 32 chess matches, out of which Carlsen has 12 wins, 19 draws, and 1 loss.

Who is the first teenager to beat World Champion Magnus Carlsen?

In a classical chess game, it is a difficult task to compete against Magnus Carlsen. However, on 24th January 2021, the champion was beaten up by Andrey Esipenko, the first teenager who beat him. Esipenko comes all the way from Russia and has also attained the title of Grandmaster. His achievements are the European U10 Chess Championship ( 2012 ) winner and the U16 World Championship in 2017.

Pema Sherpa
Pema Sherpahttps://playersbio.com/
Pema Sherpa is a content writer for the player's bio. Apart from writing, she shares a keen interest in music, reading, learning languages, and traveling.

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