Why did my teachers, when I was around 9-10 years old, consistently assert that chess players were among the wealthiest individuals globally, specifically in terms of monetary wealth? This notion was even reiterated by one of my university professors. Intrigued, I recently conducted some research, and I found that the top 3 chess players today have substantial earnings: Magnus Carlsen with $25,000,000, Ian Nepomniachtchi with $14,000,000, and Ding Liren with $5,000,000, just to name a few. Additionally, players like Fabiano Caruana and Hikaru Nakamura have also amassed significant wealth, with Nakamura reportedly reaching $50,000,000.
However, it's essential to clarify that these players often build their net worth through various other ventures, and the prizes they earn from chess competitions constitute only a fraction of their overall wealth.
In retrospect, it's possible that my professors mentioned this concept to emphasize that intelligence and strategic thinking could lead to substantial financial success. Nevertheless, I must point out that the world of competitive chess is rather exclusive, with a limited number of elite players. This exclusivity is comparable to tennis, where only a select few can earn substantial sums of money due to the high level of competition.
This leads to the intriguing question of how chess players manage to secure sizable earnings, especially considering that chess tournaments don't appear to attract as much public attention as major tennis events. In my personal experience, I don't know many people who actively watch chess tournaments, perhaps only one person, if any. This prompts me to wonder if there might be unconventional financial practices involved or if chess is used as a means to launder money. (Please don't take this too seriously, but it's an interesting question that I'm too lazy to delve into deeply)
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