Nobel Prize

Overview

The Nobel Prizes are among the most prestigious awards in the world, with each winner receiving a gold medal, a Nobel Prize diploma, and a monetary award valued at more than $1M.

Five prizes honor people who have made important contributions to physics, chemistry, physiology or medicine, literature, and world peace. A sixth prize—given for advances in economics—is technically not a Nobel Prize but is typically included in the group.

Alfred Nobel, the inventor of dynamite, left the equivalent of more than $200M upon his death to establish the awards. The winners are selected by the Royal Swedish Academy of Sciences, the humanities-focused Swedish Academy, Swedish medical university Karolinska Institutet, and the Norwegian Nobel Committee.

Nobel Prizes cannot be awarded to someone who has died before being selected and cannot be shared by more than three people, with the exception of the peace prize.

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