The Nobel Prize Amounts
On 27 November 1895, a year before his death, Alfred Nobel signed the famous will which would implement some of the goals to which he had devoted so much of his life. Nobel stipulated in his will that most of his estate, more than SEK 31 million (today approximately SEK 1,702 million) should be converted into a fund and invested in "safe securities."
The income from the investments was to be "distributed annually in the form of prizes to those who during the preceding year have conferred the greatest benefit on mankind."
The table below shows the Nobel Prize amount in Swedish kronor (SEK) through the years, the monetary value per December 2012 in Swedish kronor (SEK) and the value in % compared to the original amount in 1901.
The Nobel Prize amount for 2012 was set at Swedish kronor (SEK) 8.0 million per full Nobel Prize (1.2 million USD at the time of the 2012 Nobel Prize Announcement).
Table showing Prize Amounts
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MLA style: "The Nobel Prize Amounts". Nobelprize.org. 25 May 2013 http://www.nobelprize.org/nobel_prizes/about/amounts.html