Nobel Peace Prize awarded to human rights ‘pioneer’ Navi Pillay

In 2026, Nobel laureates will receive a cash prize of SEK 12 million, which equates to approximately ₹11.52 crore at the exchange rate of 1 SEK to ₹9.60. This represents a SEK 1 million increase from the previous year's prize. The Nobel Prize is awarded in six categories, and each laureate who receives the full prize earns SEK 12 million, before any taxes or deductions.

The value of the Nobel Prize has fluctuated over the years since its inception in 1901. In the first year of awards, each prize was worth SEK 150,782. The prize amount rose to SEK 10 million in 2001 and remained at this level for over a decade. However, the prize was reduced to SEK 8 million in 2012 as part of efforts to improve the Foundation's financial situation, before gradually increasing once again.

The prize money is divided differently depending on the number of laureates awarded. For example, if there are two winners, each would receive SEK 6 million, or approximately ₹5.76 crore. If there are three winners, each laureate would receive SEK 4 million, or roughly ₹3.84 crore. The prize can also be structured differently when separate contributions are recognised, such as in the 2024 Nobel Chemistry Prize, where David Baker received half of the prize and Demis Hassabis and John Jumper jointly received the other half.