Praggnanandhaa Net Worth: All You Need to Know
The young Indian chess prodigy Rameshbabu Praggnanandhaa has captivated the chess community with his extraordinary talent and impressive results. Praggnanandhaa’s net worth is a topic of great interest to many in 2025, as the chess grandmaster’s remarkable accomplishments on the international front continue to garner attention. Team India has won the Chess Olympiad Medal.
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In addition to establishing Praggnanandhaa as one of the most promising chess players of his generation, his quick ascent to prominence in the sport has led to a plethora of financial opportunities and endorsements. In this blog post, we investigate Praggnanandhaa’s estimated net worth for 2024, looking at his revenue streams, notable successes, and the elements that have contributed to his financial prosperity.
The name Rameshbabu Praggnanandhaa is fast becoming associated with chess prowess, and in 2025, his estimated net worth will be $1 million.
That is equivalent to a substantial 8.23 crore Indian rupees. So how can a teenage chess prodigy get so much money? Let’s examine his revenue streams and outlook for the future.
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Prize Money for the Tournament
Praggnanandhaa’s outstanding results in chess competitions around the world are the main source of his income. His chess career took off, and he has been winning prizes left and right. His profits increase with every tournament he wins, bringing in a consistent flow of money.
Who is Praggnanandhaa?
On August 10, 2005, in Padi, a Chennai, Tamil Nadu neighborhood, Praggnanandhaa was born. His mother stays at home with their two children, while his father, Ramesh Babu, is employed at the Tamil Nadu State Corporation Bank.
Throughout all of his competitions and matches, his mother has been by his side, offering unwavering support. He has an older sister named Vaishali Rameshbabu, who is well-known in the Indian chess community. She is a two-time youth chess champion as well as a grandmaster.
When Praggnanandhaa was a little child, he became interested in chess by watching his sister play. Praggnanandhaa completed his high school education at Chennai’s Velammal Matriculation High Secondary School. His father has verified that although he performs well academically, his primary interest is still chess.
| Name | Rameshbabu Praggnanandhaa |
| Real Name | Rameshbabu Praggnanandhaa |
| Profession | Chess Grandmaster |
| Date of Birth | August 10, 2003 |
| Place of Birth | Chennai, India |
| Age | 20 |
| Nationality | Indian |
| Net Worth in USD | Estimated $1 million (2025) |
| Net Worth in Rupees | Rs. 8.23 Crore |
| Monthly Income | Estimated $50,000 |
| Yearly Income | Estimated $600,000 |
Rameshbabu Praggnanandhaa Career:
Praggnanandhaa began playing chess at the age of five, displaying exceptional talent from the outset. After taking first place in the World Youth Chess Championship Under-8 in 2013, he went on to win the European Youth Chess Championship Under-10 title in 2015 and the Under-10 category in 2013.
At the age of ten years, ten months, and nineteen days, he created history by becoming the youngest International Master. He became the fifth youngest Grandmaster in history, and the second youngest in India, at the age of twelve years, ten months, and thirteen days.
On October 12, 2019, he triumphed in the Under-18 division at the World Youth Championships, extending his adventure. At the age of 14 years, 3 months, and 24 days, he became the second-youngest player to attain a 2600 rating by December 2019.
2021 Chess World Cup: International Wins
Praggnanandhaa made it to the fourth round of the 2021 Chess World Cup and was a major contributor to India’s 2022 FIDE Olympiad bronze medal victory. He won the Isle of Man International Chess Tournament in 2023 and the Tata Steel Chess India Open in 2022.
Triumphs Over Magnus Carlsen.
Triumphs Over Magnus Carlsen
He upset World Champion Magnus Carlsen in the Airthings Masters quick event on February 20, 2022. In May 2022, he accomplished the same feat again in the Chessable Masters, making it to the finals. At the FTX Crypto Cup 2022, he defeated Carlsen a third time and took second place.
Chess World Cup Finalist for 2023
In 2023, Praggnanandhaa created history by becoming the youngest player to advance to the Chess World Cup final. He lost to Magnus Carlsen in the quick tie-breaks, but he still finished second and qualified for the 2025 Candidates Tournament. With this, he became just the second Indian in the history of the Chess World Cup to make it to the final, behind Viswanathan Anand.
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Praggnanandhaa Net Worth
A reflection of his prosperous chess career, Rameshbabu Praggnanandhaa’s net worth is estimated to be $1 million (about Rs. 8.26 crores). He gets paid from endorsements, sponsorships, appearance fees, and tournament victories. His wins in the FIDE World Cup 2023 and the Julius Baer Challenger Championship in 2022 brought him hefty prize money.
Companies like Play Magnus and Ramco provide financial support to Praggnanandhaa. He lives with his family in his ancestral home in Chennai, even though he does not now own any property. As his career develops, his fortune should rise as well.
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FAQs
What’s the total Net Worth of Praggnanandhaa?
$1 Million
What is Praggnanandhaa’s latest achievement?
Praggnanandhaa, the young Indian chess prodigy, recently made headlines by finishing as the runner-up in the 2023 Chess.com Global Championship, where he impressed with his performances against top international players. His exceptional skills have garnered widespread attention, establishing him as one of the brightest chess talents in the world.
2. What is Praggnanandhaa’s next tournament?
Praggnanandhaa continues to participate in various international tournaments. His next major event is the FIDE Chess World Cup, where he aims to further solidify his place among the world’s top chess players. He remains focused on sharpening his skills and preparing for upcoming global competitions, with hopes of achieving greater success.
