Nobel Prize: How Much Do the Winners Earn, and Where Does All This Money Come From?
4 Articles
4 Articles
The endowment associated with the Nobel Prize has evolved well since its creation, at the beginning of the 20th century. It is derived from the immense fortune, fruitified since, of Alfred Nobel, the founder.
With the Nobel Prize in Physics, 82-year-old Belgian Francis Halzen receives not only recognition for his life's work but also a check for 12 million Swedish krona—about 1.07 million euros. That sum was not chosen at random. The amount approaches the purchasing power of the 150,782 krona received by the very first Nobel laureates in 1901.
AGI - The Nobel Prize is the most prestigious award and, let's all imagine, a reason of great pride for those who are chosen by the Academy of Sweden. Not only money But there is more: the winner also receives a large 'tesoretto' of 11 million Swedish crowns that correspond to about 950,000 euros. An amount that is not fixed, however, and that is periodically adjusted according to the yield of the foundation's heritage and inflation. The winner …
Beyond being a source of international recognition for work towards humanity, the Nobel Prizes carry a special weight with an entire financial strategy and a complex, diversified investment portfolio. The award ceremony, the medal, the personal diploma and the cash prize for the winners are just one manifestation of a business management model with a demanding mission.
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