The Nobel Foundation hands out prizes in peace, chemistry, medicine, physics, literature and economic sciences.
The organisation said it was adding the equivalent of €84,000 to each category’s prize pot, meaning that the 2023 laureates will receive €924,000. The prize money has varied over the last decade, with the foundation tightening its purse strings in 2012, but gradually increased the award towards the end of the decade.
“At the end of 2022, the market value of the capital invested by the Nobel Foundation reached €487,443,643.50.”The Nobel Foundation manages the fortune of the Swedish dynamite inventor Alfred Nobel, who earmarked most of his fortune for prizes to be given in his name.
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