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How did the Nobel Foundation manage Alfred Nobel’s fortune?

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Nobel Prize The obverse side of the Nobel Prize medals for Physics, Chemistry, Physiology or Medicine, and Literature.

The Nobel Foundation was established in 1900 to manage the fortune left by Alfred Nobel and to carry out the provisions of his will.12

According to the instructions in his will, Nobel’s executors were to invest his remaining realizable estate in safe securities to create a fund. The interest generated by this capital is distributed annually as Nobel Prizes to individuals who have conferred the greatest benefit on mankind.32

The Nobel Foundation serves as the legal owner and functional administrator of these funds. While the foundation manages the assets and assists with activities related to the announcement of winners, it does not participate in the prize deliberations or selection processes, which are the exclusive responsibility of the designated awarding institutions.21