Nobel Prize Approaches One Million Dollars in 2023

The Nobel Foundation, responsible for managing the prestigious prize, announced today that "this year's Nobel Prize winners will receive an additional one million Swedish Krona, bringing the total monetary award to 11 million Krona (986 thousand dollars)." The value of the prize has seen adjustments up and down in previous years, and the award presenters stated that they "will increase the amount this year to reflect the strong financial situation of the foundation." The Nobel Prize in Physiology or Medicine will be the first award this year, to be announced on October 2, followed by the prizes in Physics, Chemistry, Literature, and Peace in the following days.