The Nobel Prize attracts everyone's attention every year. But for ordinary people, besides paying attention to who won the prize, they are also interested in his source of wealth. The Nobel Foundation must pay up to $5 million in prize money every year. Many people will ask: How much money does the Nobel Foundation have? In fact, the success of the Nobel Foundation is not only due to the huge fund donated by Nobel himself 65,438+000 years ago, but also due to the good financial management of the Nobel Foundation. The Nobel Foundation was founded in 1896, when Nobel donated 9.8 million US dollars. Since the foundation was set up to pay bonuses, no mistakes are allowed in management. Therefore, in the early days of the foundation, its articles of association clearly stipulated that the investment scope of the fund was limited to safe and fixed-income projects, such as bank deposits and government bonds. This investment principle that capital preservation is more important than yield and safety is paramount is indeed a prudent approach. However, the result of sacrificing the rate of return is that, with the annual bonus payment and fund operation expenses, more than 50 years have passed, and by 1953, the fund's assets are only over 3 million US dollars. Seeing that the fund's assets will be exhausted, the directors of the Nobel Foundation woke up in time and realized the importance of the return on investment to the accumulation of wealth, so they made a breakthrough change in 1953, changing the fund management regulations from the original practice of only allowing deposits in banks and purchasing government bonds to the financial management concept of mainly investing in stocks and real estate. After the change of asset management concept, the fate of the fund reversed. From 65438 to 0993, the total assets of the fund accumulated more than 200 million dollars.