After Nobel`s death, the Nobel Foundation was set up to carry out the provisions of his will and to administer his funds:
Alfred Bernhard Nobel is a Swedish chemist, engineer, and industrialist who invented dynamite:
Alfred Bernhard Nobel left all his fortune to his children:
An indnvndual may be nominated posthumously:
Each Nobel Prize consists of a gold medal, a diploma bearing a citation, and a sum of money, the amount of which depends on the income of the Nobel Foundation:
If a prize is declined or not accepted before a set date, the prize money goes back into the funds:
The Nobel Prizes are widely regarded as the most prestigious awards given for intellectual achievement in the world:
The Norwegian Nobel Committee based in Oslo confers the prize for peace:
There are ten Nobel prizes: