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Home > Nobel Peace Prize > Question

Nobel Prizes are funded from:

0
A) The Swedish Government's budget
B) Donations from global billionaires
C) The fortune left by Alfred Nobel
D) The United Nations' funds

Correct Answer: C) The fortune left by Alfred Nobel

• The Nobel Prizes are entirely and strictly funded from The fortune left by Alfred Nobel. • He left approximately 31 million Swedish kronor (a massive sum at the time) to fund these Prizes. • This immense capital was heavily invested in safe securities to generate ongoing Interest. • The generated annual interest perfectly provides the cash awards given to the Laureates.

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