The prize amount set by the Nobel Foundation for 2020 is Swedish kronor (SEK) 10.0 million or US$11,22,880 per full Nobel Prize. Alfred Nobel signed a will to convert all his estates more than SEK 31 million (today approximately SEK 1,794 million) into a fund and invested in “safe securities. Distributed the income made from that funds annually in the form of prizes to those who conferred the most significant benefit to humankind.
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