Sweden. The Nobel Prize is based on the legacy of Swedish chemist Nobel. Alfred nobel is an outstanding chemist. 1833 was born in Stockholm, Sweden in June. He made many inventions in his life, the most important of which was safe explosives. This invention won him the title of "king of explosives" and made him a millionaire. Nobel made a will before his death, using part of his legacy-9.2 million dollars as a fund and its annual interest of about 200 thousand dollars as a bonus to reward those scientists and scholars who have made outstanding contributions to the happiness and progress of mankind. To this end, Sweden established the Nobel Foundation, 1900, on June 29th, and the board of directors managed and distributed the prize money.