Nobel Prize Award Raised to Nearly $1 Million for 2023

The Nobel laureates and King Carl XVI Gustaf, Queen Silvia, Prince Daniel, Crown Princess Victoria of Sweden attends the Nobel Prize award ceremony at the Concert Hall in Stockholm on Dec. 10, 2022. TT News Agency/Christine Olsson via Reuters

STOCKHOLM—Winners of this year’s Nobel Prizes will get an extra 1 million crowns, taking the total financial reward to 11 million Swedish crowns ($986,000), the Nobel Foundation, which administers the awards, said on Friday.

The prize money has been adjusted up and down in recent years and the award-givers said it was increasing the amount this year to reflect the Foundation’s stronger financial position.