Nobel Foundation Raises Prize to 1.2M

The Nobel Foundation in Sweden has increased the value of its prizes for 2026 by 9%, reaching $1.22 million each, in an effort to maintain its prestige and enhance its monetary worth over time. The awards cover fields such as physics, chemistry, peace, literature, economics, and medicine. The winners' names will be announced between October 5 and 12, coinciding with the 125th anniversary of the first Nobel award ceremony. The prize amount in 1901 was approximately 150,782 kronor, which shows a significant increase over the years.

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