Friday morning, at 5:00 a.m. ET, the winner of the Nobel Peace Prize might be introduced, recognizing an individual or individuals “who’ve conferred the best profit to humankind.” And whereas the popularity for these contributions is priceless, the money prize that goes with it’s a lot simpler to place a quantity on.
This 12 months’s Nobel Prize winners will every pocket 10 million Swedish kronor together with their 18-karat gold medal. That’s $911,765.
The quantities have fluctuated through the years, however the various power of the greenback and kronor have affected the greenback worth of the award as properly. For instance, in 2016, Nobel winners obtained simply 8 million kronor, however that was value $923,179.20 on the time.
And when the Crimson Cross received the primary of its three Nobel Peace Prizes in 1917, it was awarded kronor value $16,285 (which works out to only beneath $469,000 in at the moment’s {dollars}).
Ought to the Nobel Peace Prize be given to a couple of individual (for instance, journalists Pratik Sinha and Mohammed Zubair are thought-about joint contenders this 12 months), every will obtain their very own medal. The money prize, nonetheless, is cut up evenly among the many winners.
(Don’t low cost the worth of these medals, both. Earlier this 12 months, Russian journalist Dmitry Muratov broke information when he auctioned off his 2021 Nobel Peace Prize medal in New York, elevating $103.5 million for kids displaced by the warfare in Ukraine. The earlier document from 2014 went to DNA pioneer James Watson, who auctioned off his 1962 prize for $4.76 million.)
How a lot produce other winners earned with their prize? Right here’s a sampling.
1938 – The Nansen Worldwide Workplace for Refugees received the Nobel Peace Prize for aiding Armenians expelled from Turkey. It obtained simply over $20,00 (value $328,000 at the moment).
1953 – George C. Marshall obtained the Peace Prize for his work on the Marshall Plan, together with $19,000 (just below $216,000 at the moment).
1964 – Martin Luther King Jr. turned the youngest winner of the Nobel Peace Prize, incomes $26,155 ($241,728) within the course of.
1993 – Nelson Mandela and South African president Frederik Willem de Klerk cut up the $463,000 prize, value $969,000 at the moment.
2009 – President Barack Obama opted to donate his $1 million money prize (which might be value $1.6 million in at the moment’s {dollars}) to a number of charities.
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