Archive · 6 Oct 2026
Nobel Prize 2026: Prize Money Rises to SEK 12 Million
The Nobel Prize gives money to people whose work has greatly benefited humankind.
In 2026, a complete prize is worth 12 million Swedish kronor.
Using the exchange rate cited in the article, that is about ₹11.52 crore.
If one person wins, they receive the whole prize.
If several people win, the money can be shared, but not always in equal parts.
A prize can be shared by no more than three people.
The prize amount has changed many times since the first awards in 1901.
The Nobel Prize is given in six different fields.
A full 2026 Nobel Prize is worth SEK 12 million, up SEK 1 million from 2025.
At the article’s stated exchange rate of about ₹9.60 per krona, SEK 12 million equals roughly ₹11.52 crore.
The Nobel Prize is awarded in six categories: Physics, Chemistry, Physiology or Medicine, Literature, Peace and Economic Sciences.
A prize may be awarded to one person or shared by up to three; shares can be divided equally or allocated in different proportions.
The article traces changes in the prize amount, from SEK 150,782 in 1901 to SEK 12 million in 2026.
- Who
- The Nobel Foundation awards the prizes to laureates in six categories.
- What
- The 2026 full Nobel Prize amount is SEK 12 million, an increase of SEK 1 million from 2025.
- When
- The article gives an exchange-rate reference date of October 6, 2026, and says the first Nobel Prizes were awarded in 1901.
- Where
- The article converts the prize amount into Indian rupees.
- Why
- Alfred Nobel’s will directed that returns from his fortune fund prizes for people who had conferred the greatest benefit to humankind.
- 2026 full prize
- SEK 12 million
- Increase from 2025
- SEK 1 million
- Exchange rate used
- Approximately ₹9.60 per SEK on October 6, 2026
- Approximate rupee value
- About ₹11.52 crore per full prize at the stated exchange rate; the article also gives an estimate of about ₹11.4 crore using the same conversion.
- Prize categories
- Physics, Chemistry, Physiology or Medicine, Literature, Peace and Economic Sciences
- Maximum number of laureates
- A prize can be shared by up to three people.
- First Nobel Prizes
- Awarded in 1901; each prize was worth SEK 150,782.
- Prize milestones
- SEK 8 million in 2012; SEK 9 million in 2017; SEK 10 million in 2020; SEK 11 million in 2023 and 2025; SEK 12 million in 2026.