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Why hasn't the Nobel Fund been spent?
The Nobel Foundation was established in 1896. The initial fund was 9.8 million dollars donated by Nobel, which was definitely a huge sum at that time, at least equivalent to hundreds of millions of dollars now. During the operation period of more than 100 years, one of the important tasks of the Nobel Foundation is to snowball the funds and ensure the rich bonuses.

From 65438 to 0953, the government allowed foundations to invest independently, and they could invest their money in the stock market and real estate. This is a milestone change in the investment rules of the foundation. In the 1960s and 1970s, the amount of the Nobel Prize did increase a lot in terms of Swedish krona, but due to the depreciation of the Swedish krona several times, the actual value of the prize did not increase, and so did the amount of the Nobel Fund. In the 1980s, the stock market grew rapidly, and there were more and more assets of foundations and real estate. However, in 1985, Sweden raised the real estate tax, which greatly reduced the income of the foundation. Two years later, the Foundation made an important decision: transfer all the properties owned by the Foundation to a newly established listed company, which has an interesting name called "Recruiter". Later, the Foundation sold all its shares in the "Recruiter" company, just before the outbreak of the Swedish financial crisis in 1990, so it made a fortune.

On June, 2000, 65438+1 October1improved the investment rules of the Foundation, allowing the income from asset investment to be used for awarding prizes instead of direct income, namely interest and dividends, as in the past. It also means that the foundation can invest a higher proportion of its assets in stocks to get higher returns and higher bonuses.

According to the original intention of Nobel Prize, the ideal amount of Nobel Prize should guarantee a professor to continue his research for 20 years without salary. 190 1 year, the Nobel Prize is150,000 Swedish kronor, which is equivalent to the salary of a professor for 20 years. Since then, the bonus amount has been shrinking. In 1930s, the Nobel Prize was only one third of 190 1. Since then, although the amount of the Nobel Fund has expanded year by year, it has not reached the level of 190 1 due to several devaluations of the Swedish krona. It was not until 199 1 year that the actual value of 190 1 year was exceeded for the first time (calculated by 190 1 year, it was about 3 1 ten thousand kronor). After that year, the Nobel Prize has been around $654.38+$00,000. The Nobel Fund has grown to 4 billion Swedish kronor.

Due to the good financial management of the Nobel Foundation, many countries in the world have followed suit. The two Japanese awards "Japan Award" and "Kyoto Award" set in 1985 are on the same level as the Nobel Prize in terms of the amount of bonuses. They are established and operated according to the Nobel Prize model. To this end, they also donated huge sums of money to the Nobel Foundation. 1985 On April 20th, after the first award ceremony, the Japan Science and Technology Foundation set up a special prize for the Swedish Nobel Foundation with a prize of 45 million yen, in recognition of the Nobel Foundation's role in promoting scientific and international understanding since 190 1. 1985165438+1October 10, the Kyoto INAM0RI foundation awarded the first "Kyoto Prize" to the Nobel Foundation to "promote the development of science, technology and art according to the spirit of the Nobel Prize". In addition, the Swiss barzan Foundation awarded its first prize, about 6,543.8+0,000 Swiss kronor, to the Nobel Foundation to congratulate it on its successful operation for 60 years.