Nobel prize sum raised to $1.21 million for 2026

The Nobel Prize prize money for 2026 will be increased to $1.21 million per discipline, the Nobel Foundation announced. This follows a rise to 12 million kronor ($1.21 million) per discipline in 2025, up from 11 million kronor in 2024. The increase is equivalent to around $101,500 and is shared among multiple laureates in any of the six prize categories.

Hanna Stjarne, the Director of the Nobel Foundation, noted that this year marks the 125th anniversary of the Nobel Prize. As such, the Foundation is pleased to raise the prize amount by one million kronor ($101,500) to maintain its long-term significance and ensure the prize retains its value over time.

The first Nobel prizes were awarded in 1901, with a prize sum of 150,782 kronor per discipline. The Nobel week will begin on October 5 with the Medicine prize, followed by Physics, Chemistry, Literature, Peace, and concluding with the Economics prize on October 12.