Nobel Prize winners to get above a million dollars. Financial position now stable: Nobel Foundation. Prize for Medicine on October 2nd.

Nobel Prize winners to get bigger purse.

PICS: IWikipedia and Gulf news

PICS: IWikipedia and Gulf news

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This time of the year is one of anticipation and waiting. The achievers and their associates, family and friends wish and pray for the blessings. That is because the Board of Directors of the Nobel are shortly to announce this year’s winners.

The purse

The beginnings of the announcement of the names of this year’s winners will start next week. But, there is cause for a happier and richer victory. The purse for the winners is in excess of a million dollars.

Therefore, in its meeting held on 14th September, the Board of Directors of the Nobel Foundation took the decision to enhance the prize amount. The raised figure per category would now amount to 9 million krona (Dh4.1 million).

The amount awarded to the winner has traditionally been 10 million krona awarded since 2001. That figure was considered sustainable for the foundation’s financial stability.

However, the foundation reduced the figure by 20% in 2012 to 8 million krona. But, on reconsidering the financial position, the Nobel Foundation declared that the finances had now stabilized.
Consequently, the foundation increased the monetary award given to the Nobel laureates to just above a million dollars.

As per the tradition, the Nobel Prize for Medicine is the first one awarded each year. The foundation announces it on the 2nd of October. The prizes physics and chemistry are next to be announced over the next two days.
Then, they will announce the Nobel Peace Prize on October 6th with the literature prize still to be scheduled.
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Umrao Singh
Written for: Lars-Magnus Carlsson.
Tuesday, September 26, 2017