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How Much Money Comes With A Nobel Prize

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How Much Money Nobel Prize Winners Received From 1901-2020

International Campaign to Abolis / Flickr.com
International Campaign to Abolis / Flickr.com

Every year, the Nobel Peace Prize winner is announced for the entire world to celebrate. It's a global tradition that started when wealthy Swedish inventor and entrepreneur Alfred Nobel died in 1896. The reading of Nobel's will shocked the world because he dedicated his colossal fortune to "prizes to those who, during the preceding year, shall accept conferred the greatest do good to mankind."

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More than a century later, the Nobel Prize is still considered to be the virtually prestigious award on the planet. It withal distributes equal fiscal prizes across the 5 categories outlined in Alfred Nobel's original will: physics, chemistry, medicine, literature, and peace.

Hither's a look at what winners have received for their Nobel Prize awards, now that the award is in its 13th decade.

Several categories have already been announced and the Nobel Peace Prize winner volition exist revealed on Oct. viii.

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Considering inflation diminishes the buying power of currency over fourth dimension, you'll see both the dollar amount that the prize the winner really received and how much the prize would be worth today when factoring in inflation.

How Much Is the Nobel Prize Corporeality?

Five years to the mean solar day of Alfred Nobel'due south death, the commencement Nobel Prize money amount was awarded at a ceremony in Stockholm, Sweden. Over the past decades, as the listing of Nobel Laureates has grown, the Nobel Prize award coin has fluctuated from under $xx,000 to over $1 one thousand thousand.

In 2016, the Nobel foundation concluded that, along with the gold medal and diploma awarded, a Nobel Prize dollar amount of approximately $ane million dollars should be given to the recipient of the laurels going forwards. The next yr in 2017, It was $i one thousand thousand exactly. Merely three years after in 2020, and the prize had already grown by six figures.

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Nobel Prize Winner's List

For their efforts, Nobel prize recipients receive, among other items, a large sum of money that has steadily increased over the decades. Hither's information on the past awards Nobel Prize recipients received and what that sum would exist worth today.

Last updated: Oct. 7, 2021

Wikimedia Commons
Wikimedia Commons

Nobel Prize: 1900s

  • Prize amount in 1901: $17,451

  • Value in 2021: $561,649.14

In 1903, scientist Marie Curie became the beginning female Nobel laureate always -- just i of her many firsts. She was also the starting time female professor at Paris-Sorbonne University, and the first Nobel Prize winner -- and merely person to this mean solar day -- to win ii Nobel Prizes in two unlike categories: physics in 1903 and chemistry in 1911.

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International Committee Red Cross / Wikimedia Commons
International Committee Red Cross / Wikimedia Commons

Nobel Prize: 1910s

  • Prize corporeality in 1910: $16,285

  • Value in 2021: $468,951.43

In 1917, the International Committee of the Red Cross won its first of 3 Nobel Peace Prizes, more than any other person or organization in history. The Cerise Cross was honored for its work during World War I, in 1944 during World War II and in 1963 on the 100th ceremony of its founding.

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Nationaal Archieve / Wikimedia Commons
Nationaal Archieve / Wikimedia Commons

Nobel Prize: 1920s

  • Prize amount in 1920: $xv,520

  • Value in 2021: $212.287.99

Among the most historic and consequential scientists in history -- and 1 of history'southward most famous Nobel Prize winners -- Albert Einstein won the Nobel Prize in physics in 1921. Einstein, who was honored for discovering the law of the photoelectric effect, left all of his winnings to his erstwhile wife and their two sons. He promised them the Nobel Prize coin in writing in 1919 -- two years before he won.

Bliss Brothers / Wikimedia Commons
Bliss Brothers / Wikimedia Commons

Nobel Prize: 1930s

  • Prize amount in 1930: $20,016

  • Value in 2021: $327,887.25

In 1938, the Nansen International Function for Refugees won the Nobel Peace Prize for its work with, amid many other groups, Armenians expelled from Turkey. The next year, the Nazis would invade Poland, launching World War Two and triggering the greatest refugee crisis in human history.

Wikimedia Commons
Wikimedia Commons

Nobel Prize: 1940s

  • Prize amount in 1940: $xvi,038

  • Value in 2021: $313,390.54

The 1940s is known as the decade with the greatest and most glaring omission in the history of the Nobel Peace Prize. Mahatma Gandhi, the iconic martyr for human rights and inspiration for Dr. Martin Luther King Jr., was nominated iv times without winning earlier he was murdered in 1948.

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US Department of State / Wikimedia Commons
US Department of State / Wikimedia Commons

Nobel Prize: 1950s

  • Prize amount in 1950: $19,016

  • Value in 2021: $215,856.85

George C. Marshall planned the D-24-hour interval invasion of Normandy and ordered that nuclear weapons be dropped on Japan at the behest of President Truman. He won the Nobel Peace Prize in 1953, however, for his work on the Marshall Plan to rebuild Europe after World State of war 2.

US Marine Corps / Wikimedia Commons
Us Marine Corps / Wikimedia Commons

Nobel Prize: 1960s

  • Prize amount in 1960: $26,155

  • Value in 2021: $241,727.87

Iv years before his assassination in 1968, ceremonious rights icon Dr. Martin Luther King Jr. was awarded the Nobel Peace Prize in 1964. At just 35 years onetime, the "I Have a Dream" orator was the youngest Nobel Peace Prize winner in history.

Noble36 / Wikimedia Commons
Noble36 / Wikimedia Commons

Nobel Prize: 1970s

  • Prize amount in 1970: $46,294

  • Value in 2021: $326,404.91

In 1979, Mother Teresa was awarded the Nobel Peace Prize -- one of many honors the Albanian nun would receive after a one-half-century of caring for the sick and poor. On Sept. 4, 2016, Pope Francis named her "Blessed Teresa of Calcutta" and declared her a Cosmic saint.

360b / Shutterstock.com
360b / Shutterstock.com

Nobel Prize: 1980s

  • Prize amount in 1980: $101,848

  • Value in 2021: $338,134.12

Exiled peace and freedom activist Tenzin Gyatso, known every bit the 14th Dalai Lama, was awarded the Nobel Peace Prize in 1989 for his peaceful opposition to Red china'south occupation of Tibet. The Nobel Committee conceded that the gesture was, in part, a tribute to the memory of Mahatma Gandhi.

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Alessia Pierdomenico / Shutterstock.com
Alessia Pierdomenico / Shutterstock.com

Nobel Prize: 1990s

  • Prize amount in 1990: $462,947

  • Value in 2021: $968,990.22

In 1993, South African ceremonious rights hero Nelson Mandela was awarded one-half of the twelvemonth's Nobel Peace Prize. The other half went to Frederik Willem de Klerk, the white South African president who freed Mandela from prison -- where he'd languished as a political prisoner since 1963 -- and worked with him to stop apartheid.

Samantha Appleton / The White House
Samantha Appleton / The White Firm

Nobel Prize: 2000s

  • Prize amount in 2000: $i,000,000

  • Value in 2021: $1,588,658.54

In 2009, President Barack Obama received the Nobel Peace Prize and donated his $ane.4 one thousand thousand in prize money to several charities. When former Vice President Al Gore won in 2007 -- an honor he shared with the Intergovernmental Panel on Climate Change -- the prize coin went to climatic change initiatives.

Compute Scotland / Wikimedia Commons
Compute Scotland / Wikimedia Commons

Nobel Prize: 2010s

  • Prize corporeality in 2010: $i,157,368

  • Value in 2021: $i,452,001.74

In 2010, the Nobel Prize in Physiology or Medicine went to Robert M. Edwards, who adult in vitro fertilization. Liu Xiaobo, who won the Nobel Peace Prize in 2010, was previously imprisoned a number of times for speaking out against political oppression in China.

rrodrickbeiler / Getty Images
rrodrickbeiler / Getty Images

Nobel Prize: 2020s

  • Prize corporeality in 2020: $one,157,368

  • Value in 2021: ane,208,677.20

In 2020, the award for winning a Nobel Prize was x million Swedish kronor -- merely that year, a whole lot of people were sharing. Louise Glück won the honor for literature and the World Nutrient Plan won the Nobel Peace Prize, but the victories in every other category were combined efforts.

Three scientists won in the category of physics, 2 in chemistry, three in physiology or medicine and two in economic science.

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This commodity originally appeared on GOBankingRates.com: How Much Money Nobel Prize Winners Received From 1901-2020

Source: https://finance.yahoo.com/news/much-money-nobel-prize-winners-232955555.html

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