Spending the Nobel Prize

What do Nobel Laureates do with all that prize money? An informal survey of winners in Physiology or Medicine reveals generosity and a sense of fun

Juhi Yajnik
Sep 28, 2006
When the Nobel Prizes in Physiology or Medicine, Physics and Chemistry are awarded next week, the winners will be thrown into a maelstrom of publicity. Over the coming months, they will be interviewed innumerable times, they will dine with the King of Sweden amid great pomp and circumstance, and their calendars will fill up with speaking engagements and appearances. But there is also another dimension of excitement associated with winning a Nobel Prize: the money.Each of next week's prizes will carry an award of 10 million Swedish kronar, the equivalent of $1.3 million. The prizes are sometimes divided between more than one winner, but even so, the amount each laureate receives is far from negligible. Based on past history, it seems a fair bet that the winners will be generous with the cash, making sizable donations to causes that matter to them -- and that they will also indulge some...

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