Nobel Prize

One of the founders of Nitroglycerin Aktiebolaget (later Nitro Nobel), Smitt was Chairman of the Board from 1864 to 1904. In the 1850s Smitt amassed a fortune in South America. He liquidated his assets in 1856 and returned to Stockholm. There, his prudent property investments, particularly in the Kungsholmen district, earned him the sobriquet “King…