The Nobel Prize award ceremony in Stockholm, 10 December 2023.

The Nobel Prize

How it started

When the inventor, entrepreneur and businessman Alfred Nobel died, his will stated that his fortune was to be used to reward “those who, during the preceding year, shall have conferred the greatest benefit to humankind.” Nobel’s prize would reward outstanding efforts in the fields that he was most involved in during his lifetime: physics, chemistry, physiology or medicine, literature and peace.

After his death, a long process began to realise his vision and the first Nobel Prizes were awarded in 1901. In 1969, a new prize was established – the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Its addition was an exception, to celebrate the tercentenary of Sweden’s central bank.

In October every year the new Nobel Prizes and laureates are announced.

Questions and answers

Why is the Nobel Peace Prize awarded in Norway?

Do you want to know more about the Nobel Prize and the Nobel Prize laureates? Find answers to the most commonly asked questions in the FAQ.

Reinhard Genzel’s Nobel Prize medal — © Nobel Prize Outreach. Photo: Bernhard Ludewig

Facts and figures

How many Nobel Prize laureates are there? How many prizes have been shared? Are there posthumous prizes?

Learn more

What do the Nobel Prize laureates receive?

Nobel Prize medal

According to the statutes of the Nobel Foundation, each laureate shall be presented with a gold medal. The front of the Nobel Prize medals depict Alfred Nobel. The image on the reverse varies according to the institution awarding the prize. Read more about the medals.

Tu Youyou showing her Nobel Medal — Tu Youyou showing her Nobel Prize medal, 11 December 2015.

© Nobel Media. Photo: Alexander Mahmoud.

Nobel Prize diploma

Each Nobel Prize diploma is a unique work of art where the design is decided by the prize-awarding bodies. The literature diploma is written on parchment, i.e. specially treated leather, using largely the same technique as those of medieval book illustrators. The diplomas given to the other laureates are produced on specially ordered handmade paper.

Man showing diploma — 2024 chemistry laureate John Jumper with his Nobel Prize diploma.

© Nobel Prize Outreach. Photo: Nanaka Adachi

The prize amount

The current amount is at SEK 11 million per full Nobel Prize. A Nobel Prize can be awarded to up to three laureates who share the prize sum. Find out more about the prize amounts throughout history.

Bust of Alfred Nobel — Flower arrangements and the bust of Alfred Nobel at the 2024 award ceremony.

© Nobel Prize Outreach. Photo: Clément Morin

The Nobel Prize laureates take centre stage on 10 December

The Nobel Prize Award Ceremonies