The Nobel Prize Foundation announced today that the prize money for Nobel laureates will be increased this year from 9 million to 10 million Swedish kronor.
The Nobel Foundation said in a statement that efforts in recent years to strengthen the Nobel Foundation’s planning for financial sustainability have enabled the Foundation to increase the prize money.
The organizers will announce the winners of this year’s prizes in medicine, physics, chemistry, literature, peace and economics from October 5.
The Nobel Foundation pushed for improved financial planning in 2011, when the prize money was reduced from 10 million to 8 million Swedish kronor (kronor).
Since the beginning of 2012, the investment capital of the Foundation has increased from less than 3 billion to 4.6 billion SEK, due to good overall market performance and good management of the Foundation’s own assets, according to the Nobel Prize Foundation.
The prize’s founder, Alfred Nobel, has been awarded the Nobel Prize. Alfred Nobel, an inventor and chemist who made his fortune in 1866 with the invention of dynamite, bequeathed in his will in 1895 an inheritance that was then worth SEK 31.5 million, equivalent to about SEK 2.2 billion today, most of which was used to establish a fund that would use the interest earned on the investment as the Nobel Prize.
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