Forbes October 14, 2024
Arthur L. Kellermann

The Nobel Prize is one of the most prestigious awards in the world. In his will, Alfred Nobel, a 19th-century Swedish chemist, engineer, inventor and industrialist, directed that his fortune be used to create five prizes to recognize those who confer the “greatest benefit on mankind” in physics, chemistry, physiology or medicine, literature, and peace. Nobel died on December 10, 1896. Five years later, in 1901, the the first “Nobel Prizes” were awareded by a newly established Nobel Foundation.

In addition to global recognition, those honored with a Nobel Prize receive a gold medal, a personal diploma, and a roughly one-million-dollar cash prize. If two or more individuals share the prize, the money is equally divided. By tradition, recipients are...

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