Magnus Carlsen - KING

KING: Magnus Carlsen has had large incomes in the last two years, which his father also benefits from. Norway's supreme chess world champion owns 85 percent of MagnusChess AS, his father Henrik the remaining 15 percent. And when they count on the son, it drips on the father. The annual accounts for 2021 show that just before July last year the two granted themselves an additional dividend of NOK 20 million. This is therefore to be distributed with NOK 17 million to Magnus Carlsen and NOK 3 million to Henrik. They were able to take out the huge dividend after MagnusChess AS had a profit before tax of NOK 32.2 million last year, which was indeed down from NOK 44.7 million in 2020. The company has both operating income and, in recent years, also large income from the financial markets. Last year, financial income amounted to a modest NOK 4.7 million, compared to NOK 27.7 million the year before. The operating income, in the accounts entered as sales income, has on the other hand increased sharply during the period. here we are talking about premium income, advertising income etc. 250 million Calculations made by Nettavisen show that since 2011, MagnusChess AS has had total operating and financial income of NOK 230 million. The profit before tax in these years amounts to NOK 150 million, after tax NOK 122 million. It is the millions father and son Carlsen have had to frolic with, as dividends. In recent years, they have invested in the securities markets. 20 million is placed in more short-term funds, 25 million in long-term holdings. The equity in the company - the owners' assumed values ​​- was NOK 50.5 million at the end of 2021. There was a large debt item at the turn of the year, the large dividend. MagnusChess AS also owns 8.5 percent of the shares in the listed gaming company Play Magnus. This company has a market value of NOK 537 million, so that father and son Carlsen have market values ​​here of NOK 46 million. Surrenders at the top Magnus Carlsen (31) recently announced that he is no longer motivated to defend the World Chess Championship title. He became world champion for the first time in 2013, and that was the year when his income started to decline. - I have informed my team, Fide (The International Chess Federation) and Jan (Nepomnjashchij) that I will not be playing the upcoming World Chess Championship match, Carlsen said last week. As reigning champion, he was originally supposed to have met Nepomnjashchij for a new duel in the first half of 2023. Carlsen beat the Russian clearly (7.5-3.5) in the title match in Dubai before Christmas. Carlsen has defended the title four times, against Vishy Anand, Sergej Karjakin, Fabio Caruana and thus Nepomnjashchij last autumn.