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How Much Money Do You Win With A Nobel Prize

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How Much Coin Nobel Prize Winners Received From 1901-2020

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

Every twelvemonth, the Nobel Peace Prize winner is appear for the unabridged world to celebrate. Information technology's a global tradition that started when wealthy Swedish inventor and entrepreneur Alfred Nobel died in 1896. The reading of Nobel'south volition shocked the world because he dedicated his colossal fortune to "prizes to those who, during the preceding year, shall have conferred the greatest benefit to mankind."

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More than a century later, the Nobel Prize is withal considered to exist the most prestigious award on the planet. Information technology still distributes equal financial prizes beyond the v categories outlined in Alfred Nobel'south 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 laurels is in its 13th decade.

Several categories have already been announced and the Nobel Peace Prize winner will be revealed on October. 8.

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Because inflation diminishes the buying power of currency over time, yous'll come across both the dollar amount that the prize the winner actually received and how much the prize would be worth today when factoring in inflation.

How Much Is the Nobel Prize Amount?

Five years to the solar day of Alfred Nobel'southward death, the offset Nobel Prize coin corporeality was awarded at a ceremony in Stockholm, Sweden. Over the past decades, as the list of Nobel Laureates has grown, the Nobel Prize award money has fluctuated from under $20,000 to over $1 million.

In 2016, the Nobel foundation concluded that, forth with the gold medal and diploma awarded, a Nobel Prize dollar amount of approximately $1 one thousand thousand dollars should be given to the recipient of the accolade going forward. The next year in 2017, Information technology was $1 million exactly. Just three years later in 2020, and the prize had already grown by six figures.

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Nobel Prize Winner'south Listing

For their efforts, Nobel prize recipients receive, among other items, a big sum of money that has steadily increased over the decades. Here'due south data on the past awards Nobel Prize recipients received and what that sum would be worth today.

Concluding updated: Oct. 7, 2021

Wikimedia Commons
Wikimedia Commons

Nobel Prize: 1900s

  • Prize corporeality in 1901: $17,451

  • Value in 2021: $561,649.xiv

In 1903, scientist Marie Curie became the first female Nobel laureate ever -- just one of her many firsts. She was also the first female person professor at Paris-Sorbonne Academy, and the get-go Nobel Prize winner -- and merely person to this day -- to win ii Nobel Prizes in ii dissimilar 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: $sixteen,285

  • Value in 2021: $468,951.43

In 1917, the International Commission of the Red Cross won its first of three Nobel Peace Prizes, more than any other person or system in history. The Red Cross was honored for its piece of work during Globe War I, in 1944 during Globe War 2 and in 1963 on the 100th anniversary of its founding.

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Nationaal Archieve / Wikimedia Commons
Nationaal Archieve / Wikimedia Commons

Nobel Prize: 1920s

  • Prize corporeality in 1920: $fifteen,520

  • Value in 2021: $212.287.99

Among the most celebrated and consequential scientists in history -- and ane 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 police force of the photoelectric issue, left all of his winnings to his former wife and their two sons. He promised them the Nobel Prize money in writing in 1919 -- two years before he won.

Bliss Brothers / Wikimedia Commons
Elation Brothers / Wikimedia Eatables

Nobel Prize: 1930s

  • Prize amount in 1930: $20,016

  • Value in 2021: $327,887.25

In 1938, the Nansen International Office for Refugees won the Nobel Peace Prize for its work with, amid many other groups, Armenians expelled from Turkey. The next twelvemonth, the Nazis would invade Poland, launching World War Ii and triggering the greatest refugee crunch in man history.

Wikimedia Commons
Wikimedia Commons

Nobel Prize: 1940s

  • Prize amount in 1940: $16,038

  • Value in 2021: $313,390.54

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

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

Nobel Prize: 1950s

  • Prize corporeality in 1950: $19,016

  • Value in 2021: $215,856.85

George C. Marshall planned the D-day 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 piece of work on the Marshall Plan to rebuild Europe subsequently World State of war 2.

US Marine Corps / Wikimedia Commons
United states of america Marine Corps / Wikimedia Eatables

Nobel Prize: 1960s

  • Prize amount in 1960: $26,155

  • Value in 2021: $241,727.87

Four years earlier his assassination in 1968, ceremonious rights icon Dr. Martin Luther King Jr. was awarded the Nobel Peace Prize in 1964. At just 35 years sometime, 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 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 Catholic 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 liberty activist Tenzin Gyatso, known equally the 14th Dalai Lama, was awarded the Nobel Peace Prize in 1989 for his peaceful opposition to China's 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 corporeality in 1990: $462,947

  • Value in 2021: $968,990.22

In 1993, Southward African civil rights hero Nelson Mandela was awarded half of the year's Nobel Peace Prize. The other one-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 end apartheid.

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

Nobel Prize: 2000s

  • Prize corporeality in 2000: $one,000,000

  • Value in 2021: $1,588,658.54

In 2009, President Barack Obama received the Nobel Peace Prize and donated his $1.four million in prize money to several charities. When one-time Vice President Al Gore won in 2007 -- an accolade he shared with the Intergovernmental Panel on Climatic change -- the prize coin went to climate alter initiatives.

Compute Scotland / Wikimedia Commons
Compute Scotland / Wikimedia Commons

Nobel Prize: 2010s

  • Prize amount in 2010: $i,157,368

  • Value in 2021: $one,452,001.74

In 2010, the Nobel Prize in Physiology or Medicine went to Robert G. Edwards, who developed 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 amount in 2020: $1,157,368

  • Value in 2021: 1,208,677.xx

In 2020, the award for winning a Nobel Prize was 10 million Swedish kronor -- but that twelvemonth, a whole lot of people were sharing. Louise Glück won the award for literature and the World Food Programme won the Nobel Peace Prize, but the victories in every other category were combined efforts.

Three scientists won in the category of physics, two in chemistry, 3 in physiology or medicine and two in economics.

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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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