Women Chess Championship start from 3rd January hosted by Russia and China in 2020. The best women chess player worldwide participate in the competition. In 2020, only two match take place between defending champion and challenger. Ju Wenjun the current champion face Aleksandra Goryachkina. Women’s World Chess Championship prize money share increased for the upcoming event.
According to news sources $500,000 distributed among the players who participate in the competition. In 2018, the winner received the prize money share of $60,000 which might increase for the upcoming tournament.
Women’s World Chess Championship
2020 Prize Money
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Stages
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Prize Money (US$)
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Players
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Champions
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$60,000
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1
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Runner-ups
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$30,000
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1
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Semi Finalist
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$20,000
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2
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Quarter Finalist
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$12,000
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4
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Round of 16
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$8,000
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8
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Round of 32
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$5,500
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16
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Round of 64
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$3,750
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32
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In the above table you can see how the prize money distributed among the chess players. The winner earn $60k share and runner-up received $30k. Total prize money adjusted for 2018, event is $450k. All 32 players who lost round of 64 received cash prize ($3,750).
All 16 players who knocked out from the round of 32 collect $5,500 prize money. Eight players who suffer defeat in the round of 16 earn ($8,000). The quarter finalist losing players received ($12,000) each. All these financial information of the Chess players world championship taken from trusted sources.
References:Daily Star, Sports Business, Chess Master World