The much-anticipated FIDE World Chess Championship encounter between India’s D Gukesh and defending champion Ding Liren will take place in Singapore from November 20 to December 14 with the winner walking away with the title and an eye-watering amount of money.
How much is the prize money is on offer for the World Chess Championship win you ask? Here’s the breakdown.
The total prize fund for Gukesh vs Ding Liren match is $2.5 million, with specific distributions based on game outcomes.
The prize fund will be distributed as follows: Each player will receive $200,000 for each game they win. The remaining prize money will be split equally between the players. If the winner is decided on a tie-break, the prize money will be divided as follows: the winner receives $1,300,000, and the runner-up receives $1,200,000.
Also, one month before the first game of the World Championships, each player shall receive $200,000. This amount shall be deducted from the prize fund. The remaining balance shall be remitted to the players within fourteen working days after the completion of the World Championship Match.
India’s Gukesh became the youngest ever player in history to qualify for the FIDE World Chess Championship match when he won the Candidates tournament earlier this year. China’s Ding Liren has been the World Champion since defeating Ian Nepomniachtchi in the World Chess Championship match last year.
If Gukesh manages to beat Ding Liren at the World Chess Championship in November-December, he will become the youngest world champion in history.
Singapore had beaten the twin Indian cities of New Delhi and Chennai to emerge victorious in the race to host the World Chess Championship.
