Levon Aronian congratulates Magnus Carlsen (right) as World Chess Champion Viswanathan Anand looks on. (Photo: Tata Steel Chess Press)
Having done decently so far, Anand ran out of steam in the last round and was outplayed by Wang Hao. Anand remained at sixth spot in the world rankings and stands to gain seven rating points from his efforts.
Magnus Carlsen of Norway completed the formalities of winning the crown after surviving a scare against Anish Giri of Holland. Carlsen was pushed to the wall but salvaged a half point to match Garry Kasparov's best ever 10 points out of a possible 13 in this tournament.
Levon Aronian of Armenia ended second on 8.5 points after a draw with out-of-sort Fabiano Caruana of Italy. Anand with eight points in all tied for the third spot with the other winner of the day -- Sergey Karjakin of Russia.
After a spate of draws in the last round, Peter Leko of Hungary finished fifth on 7.5 points, half a point more than Hikaru Nakamura of United States who played out a draw with P Harikrishna in his final round game.