Rameshbabu Praggnanandhaa Net Worth 2024: Career, Lifestyle, Early Life, Biography

Rameshbabu Praggnanandhaa Net Worth: Rameshbabu Praggnanandhaa has risen as a thoughtful chess prodigy whose strategic brilliance and fearless spirit have garnered worldwide attention. Known for analyzing intricate chess positions at ease, his journey is another of incredible hard work, sharp tactics, and extraordinary accomplishments. 

Rameshbabu Praggnanandhaa Personal Life

Rameshbabu Praggnanandhaa net worth

Born on August 10, 2005, at Padi in Chennai, Tamil Nadu, after he was rear in a very supportive family. His father Ramesh Babu is an employee at Tamil Nadu State Corporation Bank, whereas his mother is a homemaker and has helped him during the tournaments and competitions. 

Praggnanandhaa shares a close bond with an elder sister Vaishali Rameshbabu, an accomplished chess player: two-time Youth Chess Champion and a Grandmaster. She was the motivation for Pragg to take up the sport and came in from the very early stage. 

Regarding his studies, he attended Velammal Matriculation High Secondary School in Chennai, where he. While he has shown competence here and there, his focus and enjoyment are especially on chess, as stated by his father. 

Rameshbabu Praggnanandhaa Career

His career in chess began from the age of five, and it was pretty evident he had it in him early on. The World Youth Chess Champion, Under-8 in 2013, was the Under-10 category-winner and the European Youth Chess Championship Under-10 in 2015. 

At just 10 years, 10 months, 19 days, he became the youngest International Master in history. With 12 years, 10 months, and 13 days, he won the title of Grandmaster, being not only the fifth youngest Grandmaster in history but also the second from India. 

The young Indian made history after winning the World Youth Chess Championship in the Under-18 division on October 12, 2019, making stunning successes hold track. By the end of the year, he was the world’s second youngest player after reaching the 2600 rating on February 20 at the age of 14 years, 3 months, and 24 days old. 

He had finished a commendable joint fourth at the Chess World Cup 2021, played a significant part in his team’s contributions for bronze in the Olympiad for India in 2022, and subsequently became the title holder of the Asian Continental Chess Championship. He shone even brighter with wins at the 2022 Tata Steel Chess India Open and then the Isle of Man International Chess Tournament in 2023. 

In the Airthings Masters rapid tournament of 2022, he and other lesser-known Indian Grandmasters managed to hand the World Champion his first defeat-an event that changed the course of an already glittering career. He did this again in May of the same year during the Chessable Masters afterchess rapid tournament, moving into the finals. 

In the FTX Crypto Cup 2022, Praggnanandhaa defeated Carlsen again-this led him to the second position in the tournament standings. He later placed the 9th position at the Tata Steel Chess Masters held in 2023.

In 2023, after Viswanathan Anand, Praggnanandhaa became the youngest player to make it to the finals of the Chess World Cup, and the thrilling duel with Magnus Carlsen in the rapid tie-breaks meant he had qualified for the 2024 Candidates Tournament, where he would compete for the right to challenge for the title of World Champion. 

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Rameshbabu Praggnanandhaa Net Worth 2024

The total worth of R. Praggnanandhaa is around 1 million dollars, approximately in Indian Rupees 8.26 crore. This amount largely comes from his successful chess career and income acquired through tournaments, sponsorships, and big-name endorsements. He is now one of the targeted players in the world, and his net worth will definitely increase with his growing fame in a few years. 

In addition, in rapid competitions, there is quite a bit of a deep pool of prize money at stake, with each international tournament offering sometimes even as much as hundreds of thousands of dollars. 

Rameshbabu Praggnanandhaa Sponsorships and Endorsements

Being a rising name in chess, sponsorships and endorsement contracts are coming Praggnanandhaa’s way in a number of deals. Companies that anticipate associating their names with the talented player have started to partner with him. Such sponsorships not only add a larger component to his earnings through endorsements but also take care of his daily expenses and provide him leading fruitful opportunities. 

Rameshbabu Praggnanandhaa Income and Salary

The biggest sources of income stream for him are prizes from tournaments, public appearances, sponsorships, and endorsements. He has secured $6,000 from the $10,000 prize pool in the 2022 Julius Baer Challenger Championship. And this has made Praggnanandhaa win a hefty $80,000 after his splendid performance in the FIDE World Cup 2023, which is around ₹66,13,444. He has also been surrounded by sponsorship deals from many companies, like Play Magnus, which is an online chess platform and one of his biggest sponsors. Besides, he and his sister Vaishali have got Ramco sponsorships. His endowments and contracts were set by not long ago Baseline Ventures. 

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Rameshbabu Praggnanandhaa House

A beautiful house Praggnanandhaa has. Since he is an achiever in chess, he has not yet purchased any personal property or house. He, however, resides with his family in their ancestral home located in Chennai. 

Achievements

Before the grand show of the 2023 FIDE World Cup, Praggnanandhaa possessed a FIDE rating of 2707. This rating put him as the 29th rank holder in the FIDE World Rankings. Since he achieved fame by moving up to wish-worthy heights, he jumped 9 places and is now in the FIDE Classical rankings as number 20 with a Elo rating of 2727.2, his all-time best. 

He is only the second Indian player to breach a revered 2700+ rating, following Viswanathan Anand. In India, his quick rise in chess has made him the highest-rated active player in the country. 

Praggnanandhaa was awarded the Arjuna Award in December 2022 by the Indian government. It is India’s second-highest sporting honor. This recognition has made him only the third-youngest recipient of the award in the history of this country. 

Sponsorship Agreement with Adani Group 

Praggnanandhaa has signed a long-term deal with the Adani Group, the premier Indian conglomerate with operations worldwide. Gautam Adani, the group founder, has asserted that he is committed to supporting Pragg to realize his dream of being a World Chess Champion. While the exact financials are unknown, the support is considered massive, covering a variety of expenses, including training, travel, and many essentials. 

In an interview with ChessBase India, Praggnanandhaa appreciated a lot by saying that Adani Group shares the ultimate goal of making him a world champion. His coach, Ramesh, remarked on how timely the sponsorship is since Pragg has now risen to world No. 12, adding that it denotes the support extended to his national accomplishments and not just a routine commercial deal. 

Conclusion

It is, however, expected that the rising chess star, Rameshbabu Praggnanandhaa, will now start putting prizes into his nest as the indeed reliable source estimated Praggnanandhaa will be worth about $1 million by 2024 USD. As awarded prizes and grand titles keep falling upon Praggnanandhaa, his sponsors will not be thinking twice to drop money on him because if he indeed makes good his claim of being a future World Champion, then he will be a whole other level in the entire chess industry. Notably, Praggnanandhaa is not just building for himself a legacy in chess but also inspiring the next generation of players. 

FAQs About Rameshbabu Praggnanandhaa Net Worth 2024

1. Who is Rameshbabu Praggnanandhaa? 

Rameshbabu Praggnanandhaa is an Indian chess Grandmaster known for being one of the youngest in history to have achieved the GM title and for defeating World Champion Magnus Carlsen on multiple occasions. 

2. What is Praggnanandhaa’s current world ranking? 

As of 2024, Praggnanandhaa is ranked among the top players in the world and is sitting within the top 20 in classical chess. 

3. What are Praggnanandhaa’s major achievements in chess? 

He has many notable achievements to his name, including winning the World Youth Chess Championship, defeating Magnus Carlsen on multiple occasions, finishing second in the 2023 Chess World Cup, and making it to the 2024 Candidates Tournament. 

4. How old was Praggnanandhaa when he became a Grandmaster? 

He became a Grandmaster by the age of 12 years, 10 months and 13 days, thus becoming the fifth-youngest GM in the history of chess. 

5. What is the net worth of Praggnanandhaa?

His net worth estimated in 2024 is $1 million or Rs. 8.23 crores.

Source: Rameshbabu Praggnanandhaa Net WorthFIDE World Cup Prize Money

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Disclaimer: The net worth, assets, and other information shared here are based on reports from News websites. Sometimes, celebrities or their teams also provide their input, which we include when available. We aim to provide accurate information, but unless stated otherwise, these numbers are approximate. We welcome feedback at info@eblogtalk.com.

Suman Kumar is a writer with over 3 years of experience at eBLOGTALK. He is a full-time blogger who love writing with his passion for SEO, Technology, Blogs, Reviews, and link building strategy. He helps marketers and entrepreneurs to find the keys of online success and revenue growth without any huddle.

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