Nobel Prize Facts

Nobel Prize Facts

 Nobel Prize: About Alfred Nobel

The famous scientist Alfred Nobel, known as the inventor of dynamite, was born in 1833 in Stockholm (Sweden). When Alfred Nobel was 18 years old, he was sent to America to study chemistry. Dynamite was discovered in 1867 by Alfred Nobel.

Alfred Nobel was of a very zealous instinct, which is why he made a total of 355 innovations in his whole life. However, his most revolutionary discovery was in 1867 as dynamite. He had earned a lot of wealth and fame by inventing dynamite.

After completing his studies, he started studying explosives and especially "nitroglycerin" at his father's factory in Sweden. On September 3, 1864, the father's factory was destroyed by a terrible explosion, and Alfred's younger brother was also killed in this incident. Alfred Nobel died of a heart attack in Italy on 10 December 1896.

Nobel Prize: The Event Behind the Commencement of the Nobel Prize

In fact, there was a news accidentally published in a newspaper behind the introduction of Nobel Prize. In 1888, a newspaper erroneously printed "Death of the merchant of death" i.e. Alfred Nobel had died. The newspaper also held Alfred responsible for the death of thousands due to the invention of dynamite. Alfred himself read this false news of his death.

But the words "merchant of death" used for him in this newspaper severely shook Alfred Nobel. Suddenly he thought that this news of his death would be true at some time or the other; so, will the world know him by this name? He decided that he would erase this stain on his personality.

Alfred Nobel wrote his will on 27 November 1895 in which he set aside the largest part of his estate to form a trust. After deducting all taxes, 94% of Alfred Nobel's total assets, i.e. 31,225,000 Swedish Kronor were allocated for the establishment of five Nobel Prizes.

Alfred Nobel's wish was that every year the interest on this amount should be awarded to those whose work is found to be most welfare for mankind.

In this way, the Nobel Prize is given every year in 6 fields to those who have worked towards enhancing human welfare. This is the reason that the Nobel Prize has been given mostly to those people who have developed a medicine or vaccine to overcome a disease or have made tireless efforts to increase peace and harmony in the world.

Nobel Prize: How is Nobel Prize money arranged?

In 1895, when the fund for the Nobel Prize was established, 31,225,000 Swedish kronor were deposited in the fund. There are currently 1,702 million Swedish Kronor deposits in the Nobel Fund and 9 million Swedish Kronor are awarded to one Nobel Prize winner.

Thus, the Nobel Committee distributes about 54 million Swedish Kronor as prize money every year.

The prize money of the Nobel Prizes depends on the income of the Nobel Foundation every year.

"The money deposited in the Nobel Fund is invested in securities considered safe and the interest received from it is distributed among the Nobel Prize winners".

Between 1901 and 2017, 585 Nobel Prizes have been given to 923 people. In the year 2017, Nobel Laureate received Rs. 72,227,297 (seven crore 22 lakh, 27 thousand, two hundred, ninety-seven and thirty-five paisa) was given which is equal to 90 lakh Swedish Kronor.