Science
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Nobel Foundation raises prize amount by one million Swedish kronor
The Nobel Foundation announced a one-million-krona increase to the Nobel Prize cash award as part of the centennial celebrations.
In a press release, the Nobel Foundation said the prize money will be raised by one million Swedish kronor this year, marking the 100-year anniversary of the awards. Hanna Stjärne, the foundation's chief executive, explained that the adjustment is intended to preserve the prize’s long-term significance and maintain its financial value. The cash component has remained unchanged since 2012.
Why it matters
The increase helps keep the Nobel Prize financially meaningful for future laureates.
In this story
Nobel Prizeprize moneyincreaseSwedish kronorcentennialHanna Stjärnefinancial value
