Norwegian Chess grandmaster Magnus Carlsen is a Norwegian from Vestfold, Norway, and the current World Chess Champion. As of 2022, Magnus Carlsen’s net worth is estimated to be $50 millo
But how did he make his money?
The one thing that’s well-known about ultra high net worth individuals (UHNWs) – the folks worth at least $30 million USD – is that virtually ALL of them have some part of their fortune in real estate.
Many of the more famous rich people and “celebrity entrepreneurs” actually got their start in real estate. And that’s great for them! Not so much for us…
See, more millionaires are created during recessions than any other part of the economic cycle. Which is cool, except the last real recession was 2008, when real estate prices were in the tank and you could buy a whole neighborhood with $100,000.
Now, though, real estate prices are through the roof, and interest rates are skyrocketing too. So how does the everyday person start building a massive net worth in an economy like this one?
But for now, let’s dig in a little more about Magnus Carlsen…
31 years old
November. 30, 1990
Country of Origin:
Source of Wealth
Professional Chess Player, Model
An estimated net worth of $50 million is held by Magnus Carlsen, a chess player who hails from Norway.
Magnus Carlsen, a five-time world champion, has also been unbeaten in traditional chess’ highest level for more than two decades. Additionally, he holds the record for the highest peak rating in history at 2882.
He is a master of positional mastery and an expert in the endgame. Chess master Garry Kasparov has also won two World Rapid Chess titles and a total of four World Blitz Chess titles.
Because of his multiple endorsement arrangements, Carlsen’s net worth is projected to be bigger than any other chess master today.
Sponsorships alone bring in almost $2 million a year for Magnus. Play Magnus, his chess app, was acquired by chess24.com in March 2019 and is now one of the world’s top online chess enterprises, with a market cap of over $100 million.
Sigrun and Henrik Carlsen, both chemical engineers, gave birth to Magnus Carlsen on November 30, 1990, in Tnsberg, Norway. Before returning to Norway in the late 1990s, he spent parts of his youth in Espoo, Finland, and Brussels, Belgium.
As a toddler, Carlsen was already tackling puzzles that were three times the size of him. By age four, he was building Lego sets meant for children three times his own age.
Carlsen was five years old when his father taught him how to play chess. As an eight-year-old, he participated in his first chess competition in the national championship.
Grandmaster Simen Agdestein, Norway’s best chess player, served as Carlsen’s coach at the Norwegian College of Elite Sport. Nearly 300 tournament games were played by Carlsen between 2000 and 2002 in addition to a number of smaller tournaments and events.
He finished sixth in the European Under-12 Championships and then tied for first at the World Under-12 Championships at the conclusion of the last year.
Grandmaster Lubomir Kavalek dubbed Carlsen the “Mozart of chess” after Carlsen’s win in the C group when he was just a teenager. During 2012, Carlsen won the Grand Slam chess final and returned to the top of the rankings in the London Classic chess tournament. Making him one of the most top-rated chess player in the world.
Took first place at the World Championship for Under-12 Boys in the year 2003. He won the Norwegian Chess Championship four years later. Carlsen became acknowledged as the World Chess Champion in 2013 following his victory in the 2013 World Chess Championship.
In the same year, he defeated Ruslan Ponomariov and Viswanathan Anand, both former world champions. After winning the C group at the Corus chess tournament in Wijk aan Zee in 2004, he became a household name throughout the world.
After defeating Viswanathan Anand in 2013, Carlsen launched his historic World Chess Championship run. Next, he won the FIDE World Rapid Championship and the World Blitz Championship before retaining his World Champion title by defeating Anand once again.
When Carlsen was crowned FIDE World Rapid Champion in 2015, he became only the second player in history to retain his title, making him the first-ever player to do so. However, he was beaten by Alexander Grischuk for the title of World Blitz Champion in the Blitz Chess Tournament.
In 2016, Carlsen won the Tata Steel Chess Tournament for the second time, and he also won the Norway Chess Championship for the first time. During the Bilbao Masters Final, he took home a second championship trophy.
Carlsen went on to defeat Sergey Karjakin in a decisive tiebreak match in the World Chess Championship later that year in New York City. For the fourth time this year, he retained his crown by beating Fabiano Caruana in fast tiebreaks.
In 2021, Carlsen won his fifth World Chess Championship and retained his title after defeating Ian Nepomniachtchi. The longest game in the tournament’s history, the first five matches having ended in a tie, was played on Sunday.
As an added bonus to his best career in classical chess, it was the first conclusive outcome in a World Chess Championship game in more than five years.
Magnus Carlsen Success Clues
One: If you appreciate what you’re doing, you’ll be more likely to put up the effort to improve your skills.
Two: The best teacher is experience.
Three: Keep a regular schedule of breaks. Maintain a healthy diet and exercise routine.
Featured Magnus Carlsen Best Quotes Of All Time! Quotes
"It's just not my nature to go around idolizing people."
"Without the element of enjoyment, it is not worth trying to excel at anything."
"It's nice to be financially secure. Apart from that, I really don't care too much about money."
"Some people think that if their opponent plays a beautiful game, it's okay to lose. I don't. You have to be merciless."
"I spend hours playing chess because I find it so much fun. The day it stops being fun is the day I give up."
"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."
"I get more upset at losing at other things than chess. I always get upset when I lose at Monopoly."
Magnus Carlsen Events
Magnus Carlsen is a Norwegian chess player who became the second-youngest world chess champion at age 22 when he won the World Chess Championship in 2013.
He was a chess genius who became a Grandmaster at the age of 13. In 2010, when he was only 19, he was ranked No. 1 in the world.
In 2004, he won the C group at the Corus chess tournament in Wijk aan Zee. This made him famous around the world. Grandmaster Lubomir Kavalek called Carlsen the “Mozart of Chess” after he won in the C group when he was a young teenager.
Magnus Carlsen’s net worth as of 2022 is approximately $50 million.
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