How much is the Nobel Prize worth?

The Nobel Prize itself doesn't have a fixed monetary value. The amount awarded varies each year depending on the Nobel Foundation's investment returns.

However, in 2023, each Nobel Prize laureate received approximately 11 million Swedish kronor (approximately $1 million USD).

This amount is split evenly among the winners in each category, so if there are multiple laureates in a given category, each will receive a smaller share of the total prize money.

It's important to note that the Nobel Prize is primarily a prestigious honor and recognition for significant contributions in various fields. The monetary value is a secondary aspect.