From this year’s Nobel prizes we already know that David Julius and Ardem Patapoutian have won the Nobel Prize in Medicine , while Benjamin List and David WC MacMillan have been the winners of the Nobel Prize in Chemistry and yesterday it was announced that the writer Abudlrazak Gurnah Born in Tanzania and living in the United Kingdom, he had received the Nobel Prize for Literature . Some prestigious awards that also have a cash prize as well as the award of a gold medal, but how much is this award worth and how much money do the Nobel Prize winners take?
How much money do Nobel Prize winners get?
How much is a Nobel Prize worth and especially how much money do the winners of the prestigious prize earn? These are the most popular questions in recent days, during which the 2021 awards ceremony is taking place.
Winning a Nobel Prize is more than a simple matter of prestige because behind personal satisfaction there is also a great economic income. It is precisely for this reason that every year in October we are led to ask ourselves how much a Nobel Prize is worth, what it consists of and how much money they earn.
What is the Nobel Prize
Before asking how much a Nobel Prize is worth, let’s try to shed some light on the quirks that make it so special. The Nobel Prize is an annual award given to individuals or organizations that have distinguished themselves for their work in different fields , from medicine to peace , through chemistry and literature, and its value can be accurately quantified.
Whoever wins a Nobel Prize, among other things, has the right to spend that money in the way they see fit, so the amount won is not tied to specific purposes . But the amount of that sum is our main concern.
How much is it worth and how much money does the person who wins a Nobel Prize win?
As many will know, the Nobel Prize provides for the award of a medal and a sum of money to the winner , but what are we talking about? Until recently, the Nobel Prize was worth SEK 10 million , while the value of the award was subsequently reduced by 20% .
To date, everyone who wins a Nobel Prize receives a gold medal and a check for around 900,000 euros. The value of the Nobel Prize is financed with the interest obtained on the capital donated by Alfred Nobel at the beginning of the last century and if more people win the same prize, the sum is divided. That is what a Nobel Prize is worth today.
How much is the gold medal worth?
Once you understand what the Nobel Prize is and what it is made of, you wonder how much the single gold medal awarded to the winners is worth. The answer is: a fortune.
The real price of the medal or the cost of its elaboration is not known but to give us an idea, we have to say that some time ago, two Nobel Prize winners sold their gold medals and obtained respectively 765,002 thousand dollars and 4 , 7 million dollars, both at auction , so its value is high regardless of the added value that the fact of having the medal of a certain Nobel Prize adds.
