Nobel Foundation raises prize money for each award to $1.2 million

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Sweden's Nobel Foundation said on Friday it will increase this year's prize money for its ‌prestigious annual awards by 9% to a total value of 12 million Swedish crowns ($1.22 million) in each of the six categories.
"By increasing the prize ⁠amount, we uphold the long-term significance of the Nobel Prize and ensure that the financial part of the prize retains its value over time," Hanna Stjarne, executive director of the Nobel Foundation, said in a statement.

Kentron

news agency

Nobel Foundation raises prize money for each award to $1.2 million

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