Press release from the Nobel Foundation

Nobel Prize amount raised by SEK 1 million

14 September 2023 View in Swedish

The Nobel Foundation has decided that the 2023 Nobel Prize will amount to SEK 11 million per prize category. This represents an increase of SEK 1 million per prize category compared to the previous few years.

At the end of 2022, the market value of the Nobel Foundation’s total invested capital was SEK 5,799 million. The Foundation has chosen to increase the prize amount because it is financially viable to do so.

When the first Nobel Prizes were awarded in 1901, the prize amount was SEK 150,782 per category. Over the past fifteen years, the prize amount has been adjusted several times. In 2012, the size of the Nobel Prize was reduced from SEK 10 million to SEK 8 million, at the same time as a broad-based programme to strengthen the Nobel Foundation’s finances was initiated. In 2017, the prize amount was increased from SEK 8 million to SEK 9 million. In 2020, the amount was raised to SEK 10 million. In 2023, there will now be a further increase to SEK 11 million per prize category.

The 2023 Nobel Prize laureates will be announced starting on October 2. Follow these events live at https://www.nobelprize.org/. 

Nobel Foundation

The Nobel Foundation is a private foundation established in 1900 on the basis of the will of Alfred Nobel and the founding statutes promulgated in connection with the will. Its primary purpose is to ensure that the intentions of the will of Alfred Nobel are fulfilled. The Foundation is responsible for ensuring that the assets made available for awarding the Nobel Prize are managed in such a way as to safeguard the economic base of the Prize in a long-term perspective and guarantee the independence of the prize-awarding institutions in their work of selecting Laureates. The Nobel Foundation is also entrusted with managing and carefully developing the trademarks and intangible assets that have been built up during the more than century-long history of the Nobel Prize.

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