Nobel Prize Amount Increased to $1.21 Million for 2026

Sep 18, 2026

35 min

Sep 18, 2026 14:30

Nobel prize sum raised to $1.21 million for 2026

## Prize Increase Announced

The Nobel Foundation has announced an increase in the prize money for the Nobel Prizes, raising the amount to 12 million kronor, approximately $1.21 million, for each category in 2026. This marks an increase from the previous year's 11 million kronor.

## 125th Anniversary

The decision to boost the prize amount coincides with the 125th anniversary of the Nobel Prizes. Hanna Stjarne, the director of the Nobel Foundation, emphasized the importance of maintaining the prize's value over time.

## Nobel Week Schedule

The Nobel Prize announcements will begin with the medicine category on October 5, followed by physics, chemistry, literature, and peace. The economics prize will conclude the announcements on October 12.

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