How Much Is Nobel Prize Money 2017

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Nobel Prize 2020: How Much Money The Winner Gets In Indian Rupees And Other Fun Facts

Nobel Prize 2020: Alfred Nobel, the Swedish inventor gave the largest share of his fortune to establish a series of prizes that would be given out every year in the field of Medicine, Physics, Chemistry, Peace, and Literature.

Nobel Prize 2020: The Nobel Prizes are a set of esteemed prizes that were instituted by the Swedish inventor Alfred Nobel in his last will and testament in 1895. These are a set of annual international awards which are given in Literature, Physics, Chemistry, Physiology or Medicine and Peace by Swedish and Norwegian institutions. These awards were first awarded in 1901. The mere mention of the words Nobel Prize has an aura attached to it and we instantly think of scientists, writers and exemplary humans who would be best suited to receive these wards. Alfred Nobel, the Swedish inventor gave the largest share of his fortune to establish a series of prizes that would be given out every year in the above-mentioned fields. The Nobel Prize comprises of a sum of money that has increased since the time the awards were instituted. This year the prize money is set at Swedish kronor (SEK) 9.0 million per full Nobel Prize and equals almost seven crores in Indian currency. However, if the award is not accepted within a year the reward money cannot be claimed and the winner gets only the diploma and the medal.Also Read - US Congress Passes 'Malala Yousafzai Scholarship Act' For Pakistani Women

The prizes have a mystery and a heightened amount of secrecy attached to it because the selection process is highly confidential. The sixth Nobel Prize, for Economics was created by Swedish National Bank in 1968 and named after Alfred Nobel as well. The Nobel Prize comprises of gold medals, a diploma and a sum of money that is decided by the Nobel Foundation. The Nobel Prize is the most prestigious award available in the fields of medicine, chemistry, economics, physics, literature, and peace. Here are some fun facts about the esteemed prizes that were instituted by Alfred Nobel. Also Read - Google Honours Nobel Prize-Winning Economist Sir W Arthur Lewis With An Adorable Doodle

1.The years when no Nobel Prize was awarded

The first Nobel Prizes were awarded in 1901, but there have been some years when they have not been awarded. The total number of times when Nobel Prizes were not awarded is 49; mostly these have been periods during the two World Wars. Also Read - Malala Yousafzai's Fund to Release Book About 25 Brave Girls Who Fought for Right to Education

Nobel Prize	Years Without a Prize
Physics	1916, 1931, 1934, 1940, 1941, 1942
Chemistry	1916, 1917, 1919, 1924, 1933, 1940, 1941, 1942
Medicine	1915, 1916, 1917, 1918, 1921, 1925, 1940, 1941, 1942
Literature	1914, 1918, 1935, 1940, 1941, 1942, 1943
Peace	1914, 1915, 1916, 1918, 1923, 1924, 1928, 1932, 1939, 1940, 1941, 1942, 1943, 1948, 1955, 1956, 1966, 1967, 1972
Economics	—

2.Nobel Prize cannot be awarded posthumously

A Nobel Prize cannot be awarded posthumously but Canadian immunologist Ralph M. Steinman was awarded the Nobel Prize in 2011 for medicine after he passed away. This was because of the secrecy and the strict rules that the selection committee adheres to. Ralph M. Steinman was suffering from pancreatic cancer and was dying but because the process had to be kept a secret the committee could not keep calling to check his state of health. Ralph M. Steinman passed away just three days prior to the announcement of the prize but he was still awarded the Nobel Prize in Medicine because when the selection committee decided on his name he was still alive. This rule came into force from 1974. Before 1974 the Nobel Prize was awarded posthumously only twice – to Dag Hammarskjöld (Nobel Peace Prize in 1961) and Erik Axel Karlfeldt (Nobel Prize in Literature 1931).

3.Youngest and oldest Nobel Laureate

The youngest Nobel Laureate is Malala Yousafzai who was awarded the Nobel Peace Prize in 2014. She was 17 years old at that time. The oldest Nobel Laureate was Leonid Hurwicz who was awarded the Nobel Prize in Economics in 2007. He was 90 years old at the time.

4.Nobel Prize cannot be declined or refused

Jean Paul-Sartre and Le Duc Tho declined their Nobel Prizes. Jean Paul-Sartre was awarded the Nobel Prize for Literature in 1964 and declined it on the grounds that he had consistently declined all official honours and rewards. Le Duc Tho and US Secretary of State Henry Kissinger were awarded the Peace Prize in 1973 for negotiating the Vietnam peace accord. However, Le Duc Tho declined it citing Vietnam's situation as his primary reason. However, once you get the call you become a Nobel Laureate since the decision of the prize can't be revoked. The committee doesn't offer the prize, they tell you, so even if you decline to accept the prize you still become a Nobel Laureate.

4.Forced to decline the Nobel Prize

Richard Kuhn, Adolf Butenandt and Gerhard Domagk were forced by authorities to decline the Nobel Prize, so was Boris Pasternak. During World War II, Adolf Hitler forced Richard Kuhn, Adolf Butenandt and Gerhard Domagk to decline the Nobel Prize. They did eventually get their medals and diploma but could not procure the prize money as that can be claimed only within the year. Boris Pasternak, on the other hand, won the Nobel Prize in 1958 but was forced by the Soviet Union to decline the Prize.

5.Nobel Prize awarded while under arrest

German pacifist and journalist Carl von Ossietzky, Burmese politician Aung San Suu Kyi and Chinese human rights activist Liu Xiaobo were awarded Nobel Peace prize while they were in prison.

6.Multiple winners

There have been multiple award winners too. The Committee of the Red Cross (ICRC) has been honoured with a Nobel Peace Prize three times. Henry Dunant, the founder of the organization was the first recipient of the Peace prize in 1901. Linus Pauling was the only scientist to have won two unshared Nobel Prizes- the Nobel Prize in Chemistry in 1954 and the Peace Prize in 1962. Marie Curie won the Nobel Prize in Physics in 1903 and in Chemistry in 1911. J.Bardeen was awarded the Nobel Prize in Physics in 1956 and in 1972. F.Sanger won the prize in the field of Chemistry in 1958 and 1980.

6.Multiple Nobel Laureates in Family

There have been many Nobel Laureate family too where more than one family member has won a Nobel Prize. The Curie family was one such exemplary family where, Pierre Curie, Marie Curie and Irène Joliot-Curie were from the same family. Marie and Pierre Curie were awarded the Nobel Prize in Physics in 1903. Their daughter Irène Joliot-Curie along with her husband Frédéric Joliot was awarded the Nobel Prize in Chemistry in the year 1935. The other married couples who won the Nobel Prizes were Gerty Cori-Carl Cori, May-Britt Moser-Edvard I. Moser and Alva Myrdal-Gunnar Myrdal. There have been father and son Nobel Laureates as well like Arthur Kornberg-Roger D. Kornberg, Manne Siegbahn-Kai M. Siegbahn and J. J. Thomson-George Paget Thomson. Jan Tinbergen-Nikolaas Tinbergen is the only brothers who have won Nobel Prizes.

7.Prize Money

Alfred Noble had left most of his estate to be converted into a fund for the Nobel awards. As of 2017, the Nobel Prize amount is set at Swedish kronor (SEK) 9.0 million per full Nobel Prize. In case a Nobel Prize is shared the committee can either divide the prize money equally (if there are two winners) or if there are three recipients then the money can be divided equally between the three or one-half to one winner and the other half equally between the other two. The 9 million Swedish Kronor prize money will be Rs. 72,227,297.37 (Rs. Seven crore twenty-two lakh twenty-seven thousand two hundred and ninety-seven and thirty-seven paise) in Indian currency.

The Nobel Prizes are an elegant and prestigious affair that celebrates the exemplary work done by scientists, writers, and activists. There have been many Indians too who have won the Nobel Prizes over the years. We hope that this year too, somebody from our country receives this prestigious award.

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Topics:

Alfred NobelMalala YousafzaiNobel PrizeNobel Prize 2017Nobel Prize Selection Process

Published Date: October 4, 2017 5:17 PM IST

Updated Date: October 4, 2017 5:18 PM IST