Page "Alfred Nobel" Paragraph 18

On 27 November 1895, at the Swedish-Norwegian Club in Paris, Nobel signed his last will and testament and set aside the bulk of his estate to establish the Nobel Prizes, to be awarded annually without distinction of nationality.

After taxes and bequests to individuals, Nobel's will allocated 94 % of his total assets, 31, 225, 000 Swedish kronor, to establish the five Nobel Prizes.

This converted to GBP £ 1, 687, 837 at the time In 2012, the capital is worth around SEK 3. 1 billion ( USD 472 million, EUR 337 million ), which is almost twice the amount of the initial capital, taking inflation into account.