Nobel Prize award raised to nearly $1 million for 2023

STOCKHOLM - Winners of this year's Nobel Prizes will get an extra 1 million crowns, taking the total financial reward to 11 million Swedish crowns ($986,000), the Nobel Foundation, which administers the awards, said on Friday. In 2012, prize money was reduced from 10 million crowns to 8 million as the Foundation looked to shore up its finances. The prize amount was increased to 9 million in 2017 and in 2020 to 10 million - where it was prior to 2012. The Nobel Prize in Physiology or Medicine is the first of this year's prizes and will be announced on October 2 followed by Physics, Chemistry, Literature and Peace on the following days. ($1 = 11.1570 Swedish crowns)