In his will, Alfred Nobel wrote that the majority of his fortune would be used to fund "prize prizes to those who shall have conferred the greatest benefit on mankind." The money was invested in a fund of safe securities. The interest earned is now used to fund the Nobel Prizes, according to Reuters.
Statue of Alfred Nobel in Stockholm (Sweden) on October 7, 2024
Since its inception in 1901, the award has been given every October to recognize outstanding contributions by individuals or organizations in their respective fields. A total of 6 Nobel Prizes will be awarded in 6 categories: Medicine, Biology, Science, Economics, Literature and Peace . The Nobel Peace Prize can be awarded to an individual or an organization.
In September of the year before the award, the Nobel Committee secretly sends nomination forms to 3,000 experts who are Nobel laureates, members of the awarding body, experts, and leading professors from many universities and research institutes. By February of the year of the award - the deadline for submission of documents - the Nobel Committee screens and selects the candidates. The council then selects about 250 - 350 people to enter the next round of evaluation.
After three rounds of rigorous testing, the Nobel Committee will select the winner based on a majority vote in early October, and then officially announce the winner. The voting to choose the Nobel Prize winner is kept secret until the last minute. The nominations and documents surrounding all Nobel Prizes are kept secret for 50 years. The winners are invited to receive their awards at a ceremony on December 10, the anniversary of Nobel's death, according to AFP.
Nobel Prize winners are awarded a diploma, a gold medal, and a cash prize. Notable Nobel Prize winners include scientists Albert Einstein, Niels Bohr, and Marie Curie, authors Ernest Hemingway and Albert Camus, and inspirational leaders such as Nelson Mandela, Martin Luther King Jr., and Mother Teresa.
The 2024 Nobel Prize announcement process, which begins on October 7-14, will continue to honor the most outstanding scientists.
Source: https://thanhnien.vn/giai-thuong-nobel-bieu-tuong-tien-bo-va-nhan-van-the-gioi-185241007173927463.htm
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