Nobel Foundation raises prize money for each award to $1.2 million
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The Nobel Foundation is increasing the amount of the Nobel Prize prize money by 9 percent this year, so that the laureates in all six categories will receive 12 million Swedish kronor (about $1.22 million).
Nobel Foundation raises prize money for each award to $1.2 million
Sweden's Nobel Foundation said on Friday it will increase this year's prize money for its prestigious annual awards by 9% to a total value of 12 million Swedish crowns ($1.22 million) in each of the six categories.
Nobel Foundation Raises Prize Money to $1.2 Million for Each Award in 2025
COPENHAGEN: Sweden's Nobel Foundation said on Friday it will increase this year's prize money for its prestigious annual awards by 9% to a total value of 12 million Swedish crowns ($1.22 million) in each of the six categories."By increasing the prize amount, we uphold the long-term significance of the Nobel Prize and ensure that the financial part of the prize retains its value over time," Hanna Stjarne, executive director of the Nobel Fo…
This year, the prize winners will be paid 12 million SEK each.
The Nobel Prize will be increased by one million kronor, the Nobel Foundation has decided. This means that in 2026 the prize will be worth twelve million kronor per prize category.
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