Breaking Down D Gukesh’s Prize Money From The 2024 World Chess Championship

By
Unnati Madan
Unnati is a passionate cricket writer with a deep love and understanding of the game. As a female cricket writer, she brings a unique perspective to...
5 Min Read

D Gukesh made history on Thursday by becoming the youngest chess world champion ever. He defeated Ding Liren in Game 14 of the World Chess Championship 2024 in Singapore. At 18, Gukesh is the first teenager to win the world chess title.

D Gukesh Makes History as the Youngest Ever World Chess Champion

After 13 games, the 2024 World Chess Championship was tied at 6.5-6.5. According to FIDE’s rules, a player needed 7.5 points to win the title. If no one reached that, the Championship would have been decided by tiebreakers.

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Breaking Down D Gukesh's Prize Money From The 2024 World Chess Championship

With both Gukesh and Ding just one point away from victory, the final Game 14 became a crucial showdown. In the World Chess Championship, a win earns 1 point, and a draw gives 0.5 points.

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Ding had the advantage in Game 14, playing with the white pieces. However, with neither player able to take control, the match seemed to be heading toward a draw. But then, Ding made a blunder, allowing Gukesh to seize the opportunity and make history.

This was Gukesh’s third win in the Championship, while Ding won two games. The remaining nine games ended in a draw.

In the press conference after the event, Gukesh said he would love to face Carlsen in a match someday. Carlsen, the Norwegian star, chose not to defend his title in 2023 after winning the World Championship in 2013.

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“Winning World Chess Championship does not mean I am the best player, obviously that is Magnus Carlsen. I want to reach the level Magnus has achieved,” Gukesh said.

“Obviously playing against Magnus in the world championship would be amazing, it would be the toughest challenge there is in chess. It is up to Magnus, but I would love to test myself against the best player in the world.”

Magnus Carlsen Reacts To Gukesh's Dream Of Facing Him In The Championship

Gukesh’s Victory: The Final Tally and Prize Money Breakdown

The 2024 World Chess Championship has a total prize pool of $2.5 million. According to FIDE’s rules, a player receives $200,000 (Rs 1.68 crore approximately) for each win, while the remaining prize money is split equally.

Gukesh won three games (Games 3, 11, and 14), earning $600,000 (Rs 5.04 crore approximately) from his victories, while Ding earned $400,000 (Rs 3.36 crore) after winning Games 1 and 12.

The remaining $1.5 million will be divided equally between the two players.

In total, Gukesh earned $1.35 million (Rs 11.34 crore approximately), while Ding earned $1.15 million (Rs 9.66 crore approximately).

Tamil Nadu Announces Cash Prize for Gukesh’s Historic Achievement

Tamil Nadu Chief Minister M K Stalin announced a cash prize of Rs 5 crore for 18-year-old chess prodigy D Gukesh on Friday, recognizing his historic achievement of becoming the youngest-ever World Chess champion.

Congratulations to @DGukesh on becoming the youngest-ever World Chess Champion at 18! Your remarkable achievement continues India’s rich chess legacy and helps Chennai reaffirm its place as the global Chess Capital by producing yet another world-class champion. Tamil Nadu is proud of you!” Stalin posted on X platform, soon after Gukesh’s victory.

D. Gukesh: An 18-Year-Old Chess Prodigy Who Conquered The World
D. Gukesh: An 18-Year-Old Chess Prodigy Who Conquered The World

Stalin personally called Gukesh to commend him for his historic achievement. “Your victory is a source of pride not just for Tamil Nadu but for the entire nation,” he said, according to a government release.

Deputy Chief Minister Udhayanidhi Stalin, who also oversees Tamil Nadu’s sports development initiatives, proposed the cash prize, which the chief minister promptly approved, the statement said.

ALSO READ: Magnus Carlsen Reacts To Gukesh’s Dream Of Facing Him In The Championship

Unnati is a passionate cricket writer with a deep love and understanding of the game. As a female cricket writer, she brings a unique perspective to the sport, having had to overcome various challenges to pursue her passion for cricket. Growing up, Unnati developed a love for cricket by watching matches with her family. She was always fascinated by the way the game was played, and would often spend hours reading about cricket, analyzing matches, and learning more about the sport. However, as a female in a male-dominated industry, she faced numerous obstacles to pursue her passion for cricket writing. Despite this, Unnati persevered and became an accomplished writer in the field. Unnati’s writing style is engaging and insightful, with a keen eye for detail and a deep understanding of the nuances of the game. Her articles are known for their depth of analysis, and she is often sought after for her strong opinions on the sport. Unnati has a unique ability to break down complex ideas and make them accessible to a wide audience, which has helped her build a large following of readers.