Are grandmasters paid?

I'm curious to know, are grandmasters in the world of chess or other similar competitive fields actually paid for their expertise and achievements? It's fascinating to consider the dedication and skill required to reach such a prestigious level, and I wonder if there's a financial reward that comes with it. I understand that sponsorships and tournament winnings can play a role, but I'm particularly interested in knowing if there's a base salary or some form of regular compensation for grandmasters.