Rameshbabu Praggnanandhaa Net Worth

Rameshbabu Praggnanandhaa has created history in recent times through his achievements in the Chess World Cup. Awed by his simplicity and talent at such a young age, people are curious about the lifestyle and financial standing of this prodigy. In this article, we will delve into Rameshbabu Praggnanandhaa net worth, his annual salary and house.

Rameshbabu Praggnanandhaa Net Worth, Monthly Salary, House

Praggnanandhaa stands out as a shining prodigy in the realm of chess. Renowned for his dynamic and aggressive gameplay, he possesses a talent of swiftly deciphering complex chess positions. His journey is a story of unwavering commitment, strategic excellence, and extraordinary accomplishments.

Personal Life

Praggnanandhaa came into the world on August 10, 2005, in the suburban area of Padi, situated in Chennai, Tamil Nadu. Ramesh Babu, his father, serves as an employee at the Tamil Nadu State Corporation Bank, while his mother is dedicated to being a homemaker. During his various tournaments and matches, Praggnanandhaa was consistently accompanied and supported by his mother.

Within the family, he has an elder sister named Vaishali Rameshbabu, who has made a name for herself in Indian chess. She boasts the title of a 2-time Youth Chess Champion and a Grandmaster. It was observing his sister’s participation in the sport that initially sparked Praggnanandhaa’s interest in chess at a tender age.

For his education, Praggnanandhaa completed his high school studies at Velammal Matriculation High Secondary School, an institution located in Chennai. Although he displays academic competence, his primary dedication and focus are directed towards the game of chess, as confirmed by his father.

Career

Praggnanandhaa embarked on his chess journey at the tender age of 5. His talent quickly became evident as he clinched the World Youth Chess Championship Under-8 title in 2013, followed by a repeat victory in the Under-10 category in 2015 and the European Youth Chess Championship Under-10 title that same year.

In a remarkable feat, he etched his name as the youngest International Master in chess history at just 10 years, 10 months, and 19 days. At the age of 12 years, 10 months, and 13 days old, he secured the Grandmaster title, becoming the fifth youngest globally and the second from India.

His momentum persisted as he seized the World Youth Championships in the Under-18 division on October 12, 2019. By December of the same year, he solidified his status as the second-youngest player to attain a 2600 rating, achieving this milestone at just 14 years, 3 months, and 24 days.

Praggnanandhaa’s ascent continued, highlighted by his impressive performance in the Chess World Cup 2021 where he progressed to the fourth round. His prowess contributed to India’s bronze medal win at the 2022 FIDE Olympiad and his conquest of the Asian Continental Chess Championship later that year. Victories at the Tata Steel Chess India Open in 2022 and the Isle of Man International Chess Tournament in 2023 further cemented his reputation.

A significant turning point occurred on February 20, 2022, when he joined the ranks of elite Indian players who have bested World Champion Magnus Carlsen. This victory in the Airthings Masters rapid tournament marked his entrance into a distinguished circle. Remarkably, he repeated this feat at the Chessable Masters online rapid chess tournament in May 2022, securing his place in the finals.

The FTX Crypto Cup 2022 witnessed Praggnanandhaa’s triumph against Carlsen for the third time, propelling him to a second-place finish in the final standings. His participation in the Tata Steel Chess Masters 2023 landed him in 9th position.

Breaking records yet again, the 18-year-old Praggnanandhaa made history as the youngest player to reach the Chess World Cup final in 2023. In this milestone, he followed in the footsteps of Viswanathan Anand, becoming only the second Indian to reach the final in Chess World Cup history. His spirited performance against former classical World Chess Champion Magnus Carlsen, albeit ending in defeat during the rapid tie-breaks, secured him the runner-up position and a coveted spot in the 2024 Candidates Tournament.

Rameshbabu Praggnanandhaa Net Worth

Praggnanandhaa Rameshbabu has amassed a net worth of approximately $1 million, equivalent to around Rs. 8.26 crores, attributed to his prosperous chess career. His wealth has been earned from triumphant performances in numerous international tournaments. He currently ranks among the top-earning chess players globally, and it’s anticipated that his wealth will continue to grow in the future.

Rameshbabu Praggnanandhaa Income and Salary

Praggnanandhaa income is generated through a variety of channels, including tournament winnings, public engagements, appearance fees, endorsement deals, and sponsorships. His victory in the 2022 Julius Baer Challenger Championship earned him an impressive $6,000 from the total prize pool of $10,000. Notably, his exceptional performance in the FIDE World Cup 2023 secured him a substantial reward of $80,000, equivalent to around Rs. 66,13,444.

Praggnanandhaa has garnered financial support from numerous companies, with Play Magnus, an online chess platform, being one of his sponsors. Presently, Ramco proudly sponsors both him and his sister Vaishali. His commercial interests were previously managed by Baseline Ventures.

Rameshbabu Praggnanandhaa House

Praggnanandhaa does not own any house or property of his own. He currently resides in his ancestral house in Chennai with his family.

Achievements

Before the 2023 FIDE World Cup, Rameshbabu Praggnanandhaa held a rating of 2707, positioning him at the 29th rank globally. Following his remarkable achievements, he has ascended 9 places in the FIDE rankings. He now holds the 20th position in the classical category, boasting a career-best ELO rating of 2727.2. He follows in the footsteps of Viswanathan Anand as the second Indian player to achieve a prestigious 2700+ rating. Notably, he stands as the highest-rated chess player from India.

The Indian government recognized Praggnanandhaa’s remarkable accomplishments in chess by conferring upon him the Arjuna Award in December 2022, which is the second-highest sporting accolade in the country. This established him as the third-youngest individual in the country to ever receive this award.

Also Read: Ravindra Jadeja Net Worth, IPL Salary, House

Praggnanandhaa is a rising star in the world of chess who has achieved heights of success at a young age. His accomplishments, net worth and economic prosperity will surely rise further in the near future.

Source: Rameshbabu Praggnanandhaa Net Worth, FIDE World Cup Prize Money

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Sushma is a dynamic and knowledgeable personal finance expert and entrepreneur with a rich background in business and finance, holding a bachelor's degree in the field. Her passion for financial empowerment and a drive to teach others how to navigate the world of online money-making, create passive income streams, and achieve financial freedom sets her apart. With a focus on user-friendly apps and engaging games, she guides readers through the most profitable and enjoyable digital earning opportunities.

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