Prize Money Increase
Nobel Foundation raises 2026 prize money by nine percent to twelve million kronor.
Anonymous
The Nobel Foundation will increase the 2026 prize money by 1 million Swedish kronor, or about 9%, to 12 million kronor (roughly $1.2 million) for each of the six award categories. The foundation said the increase is intended to preserve the prize’s long-term financial significance and value. The change coincides with the 125th anniversary of the first Nobel awards, which were presented in 1901. This year’s laureates will be announced from October 5 through October 12, beginning with medicine and followed by physics, chemistry, literature, peace and economics.
Key Points
1
The prize money is shared among winners when more than one laureate is selected in a category.
2
The award ceremonies will take place on December 10, the anniversary of Alfred Nobel’s death, in Stockholm and Oslo.
3
The economics prize was established separately by Sweden’s central bank in honor of Alfred Nobel, rather than being one of the original prize categories created in Nobel’s will.
4
The prize amount was cut from 10 million to 8 million Swedish kronor in 2012 as part of a broader effort to strengthen the Nobel Foundation’s finances, before being increased three times to reach 12 million kronor in 2026.
5
Nobel prize money is taxable in the United States and many other countries, although winners may make it tax-free by assigning the money directly to charity before receiving it.
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