Karthik
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The World Chess Championship 2012 will be a match between the current World Champion Viswanathan Anand of India and Boris Gelfand of Israel, winner of the Candidates tournament. The match will be held under the auspices of FIDE, the World Chess Federation. The prize fund is US $2.55 million, the winner getting $1.53 million (60%), the loser $1,02 million (40%).
http://www.chessbase.com/newsdetail.asp?newsid=8136
http://www.chessbase.com/newsdetail.asp?newsid=8136