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This year’s Nobel laureates will receive one million crowns, or about £ 110,000 more than last year, said Lars Hackenstein, director of the Nobel Foundation. He gave this information to the Swedish newspaper Dagen Industry on Thursday.
Hackenstein says the Nobel Prize is worth 10 million crowns again this year. Alfred Nobel, the discoverer of dynamite, left 31 million crowns, which is roughly equivalent to 1.8 billion crowns in today’s market. The prestigious Nobel Prize was introduced in 1901 with the money it left behind. Although the Nobel Prize has been considered the most prestigious in the world for over a hundred years, its value has changed from time to time. Winners were initially given one and a half lakh kroner, but then increased to one million crowns in 1971.
Over the next two decades, the value of the currency soared. In 2000, each award was worth 9 million crowns; The following year it increased to 10 million crowns. Heikenstein, the former head of Sweden’s central bank, was hired to take over the foundation after the 2008-09 recession damaged the investment of the Nobel Foundation. The value of the Nobel Prize is reduced by your hand. In 2012, the prize money was 6 million crowns; In 2017, it was increased to 9 million crowns.
Heckenstein said that the prize money would increase from time to time, even if it went back to a million kronor this year. He will step down as executive director of the foundation at the end of this year; He will be replaced by former Norwegian Foreign Minister Vidan Helgesen. Reuters
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