According to Reuters, on September 18, local time, the Swedish Nobel Foundation announced that it will increase the 2026 Nobel Prize awards by 9 percent, with each award increased by 1 million Swedish kroner to 12 million Swedish kroner (approximately 8.15 million yuan).
Hannah Szarne, executive director of the Nobel Foundation, said in a statement: “The increase in the prize amount is to maintain the long-term significance of the Nobel Prize to ensure that the actual value of the prize does not diminish over time.”
According to the Nobel Foundation, when the Nobel Prize was first presented in 1901, the prize money for each prize was 150,782 Swedish kroner.
According to the Nobel Prize official website, the 2026 Nobel Prize is scheduled to be unveiled from October 5 to 12.