The question arises in the mind of many people, exactly how much money do Nobel winners get? Respect is definitely bigger than money. But Nobel is such a prize, where the amount of money is not allowed to be messed with. However, many Nobel laureates donate their winnings to charity.
Until 1980, the Nobel laureate's medal was made of 23 carat gold. Since then Nobel laureates have been awarded 24 carat gold over 18 carat 'green gold' metal. Apart from this, a certificate and a large amount of prize money are given.
The Nobel Prize has been awarded since 1901 in accordance with the last wishes of Alfred Nobel, the inventor of dynamite. He left 3 crore 10 lakh krona in the name of Nobel Foundation for this award.
In the beginning, Nobel laureates were given around one and a half lakh kroner. Increasingly, in 1981 it was 1 million kroner. The monetary value of the award was then rapidly increased. In 2001, for the first time, it reached 1 crore krona.
The financial honor of the Nobel Prize was last increased in January this year. This year's Nobel Prize winners will receive a total of 1 million Swedish krona ($986,000), which is 1 million kroner more than before. The decision to increase the prize money this year has been made due to the improvement of the Nobel Foundation's funds.
In 2012, the prize money was reduced from 1 crore kroner to 9 million kroner due to strain on the foundation's funds. Then in 2017 it was increased to 90 lakh and in 2020 it was raised again to 1 crore.
The Swedish krona has lost nearly 30 percent against the euro over the past decade. As a result, the prize money has increased by 1 million kroner, but it will not increase as much outside of Sweden.
In 2013, the financial honorarium was reduced to 8 million kroner. At that time, the amount of this award was 1.2 million dollars in US currency. It increased to 10 million krona, but in the game of exchange rate, in 2024, its amount will be less than 1 million dollars. The monetary value of the Nobel Prize has not increased much when inflation is taken into account.
The value of 1 crore 10 lakh kroner in Bangladeshi currency is more than 12.5 crore rupees.
