The monetary value of this year’s Nobel Prizes has increased by 9 percent to approximately $1.22 million for each of the six prize categories, the Swedish Nobel Foundation announced.
The increase is intended to preserve the significance of the prestigious awards and ensure that their financial value remains stable over time, Nobel Foundation Executive Director Hannah Stearn said in a statement.
Winners of the 2026 Nobel Prizes in physics, chemistry, medicine, literature, peace and economics will be announced between October 5 and 12, coinciding with the 125th anniversary of the first Nobel Prize awards.
The Nobel Prizes are traditionally presented in Stockholm, Sweden, while the Nobel Peace Prize is awarded separately in Oslo, Norway.
