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Nobel Prize Amount Raised By SEK 1 Million

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The Nobel Foundation has decided that the 2023 Nobel Prize will amount to SEK 11 million per prize category. This represents an increase of SEK 1 million per prize category compared to the previous few years.

At the end of 2022, the market value of the Nobel Foundation’s total invested capital was SEK 5,799 million. The Foundation has chosen to increase the prize amount because it is financially viable to do so.

When the first Nobel Prizes were awarded in 1901, the prize amount was SEK 150,782 per category. Over the past fifteen years, the prize amount has been adjusted several times. In 2012, the size of the Nobel Prize was reduced from SEK 10 million to SEK 8 million, at the same time as a broad-based programme to strengthen the Nobel Foundation’s finances was initiated.

Read more...

Nobel Prize In Literature Awarded To French Author Annie Ernaux

The 2022 Nobel Prize in Literature is awarded to the French author Annie Ernaux for the courage and clinical acuity with which she uncovers...

The Nobel Prize Awarded For Research On Evolution

This year’s Nobel Prize in physiology or medicine has been awarded to Swedish scientist Svante Paabo for his discoveries on human evolution. Thomas Perlmann, secretary...

In 2017, the prize amount was increased from SEK 8 million to SEK 9 million. In 2020, the amount was raised to SEK 10 million. In 2023, there will now be a further increase to SEK 11 million per prize category.

Source: nobelprize.org

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