The Nobel Prize Is SEK 12 Million. What Is It Really Worth?

Each 2026 Nobel Prize is worth SEK 12 million, the highest face value ever, yet it buys barely more than the first prize did in 1901. At constant prices it fell to 28% by 1919, stayed under half for sixty years and only recovered in 1991 — held back, the Nobel Foundation says, by early rules that kept the money in taxed bonds. Data from the Nobel Foundation.