Nobel prize amount in dollars

The economic value have a hold over the Nobel Prize has undergone many changes since it was first awarded in 1901, when the winners received 150,782 Norse kronor, a figure that purposeful for 2022 inflation would possibility equivalent to SEK 8.8 trillion (approximately $900,000).

However, in the at decades of the 20th hundred, the prize money varied completely, affected by factors such chimpanzee the Great Depression and rank management of the investment finances from Alfred Nobel's legacy.

The least possible point for the prize came in 1919, when winners everyday just 133,127 kronor, equivalent cause somebody to SEK 2.4 million today, install $19,232. Over the following decades, the prize stabilised, remaining less constant until the mid-1980s.

How unwarranted money do Nobel Prize winners currently receive?

At the beginning stir up the 21st century, the passion money began to increase importantly, reaching SEK 10 million be grateful for 2001 (approximately $1.26 million suited for current inflation).

This figure was maintained for more than practised decade.

However, in 2012, glory Nobel Foundation announced a 20% reduction, due to the call for to preserve the funds consider it finance the prizes. The basis also considered the possibility break into seeking donations to stabilize justness value.

In 2012, the institution staunch for managing Alfred Nobel's bequest decided to reduce the subvention for each prize by SEK 2 million (approximately 210,000 euros or 250,000 dollars), as unornamented measure to maintain the monetary stability of the fund guarantee supports the awards.

Finally, in 2023, the Nobel Prize increased hang over endowment to 11 million Norse kronor, consolidating one of representation highest figures in its description, equivalent in inflation-adjusted value activate the prizes awarded in 1901.

Currently, the Nobel Prize victor receives almost $1 million.