Prestigious Nobel Prize 2020 Winners to Receive Extra USD 1 Million

Prestigious Nobel Prize 2020 Winners to Receive Extra USD 1 Million. The head of the Nobel Foundation informed that this year Nobel Prize awarded will get an extra USD 1 Million. So that, the prize money is increased to 10 million crowns in this year. This decision of increasing prize money has been reached after the foundation found itself in a stable condition with respect to costs and capital.

  • The prize amount has varied time to time, starting at 150,000 crowns and reaching 1 million crowns in 1981. The value rose in the 1980s and 1990s, and then rise to 9 million crowns in 2000 and 10 million a year later.

About Nobel Prize:

The Nobel Prize is a set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances.

  • The Royal Swedish Academy of Sciences awards the Nobel Prize in Chemistry, the Nobel Prize in Physics, and the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
  • Established in: December 10, 1901

Related Questions:

1) In which year first Nobel Prize was awarded? – 1901

2) Who won Nobel Prize in Physics in 2019? – James Peebles, Michel Mayor & Didier Queloz

3) Peter Handke received the Nobel Prize of 2019 in which field? – Literature

4) Name the youngest Nobel Laureates who got the Peace Prize in 2014? – Malala Yousafzai

5) Name the only woman who has been honoured with Nobel Prize twice in different areas? – Marie Curie

6) Who received the Nobel Prize 2019 in Chemistry? – John B. Goodenough, M. Stanley Whittingham & Akira Yoshino

7) Who won the first Nobel Peace Prize in 1901? – Henry Duant & Frederic Passy

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