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In our time, the Nobel Prize is an honor that most people know. Every year, the Nobel Prize ceremony attracts the attention of the world, and behind it all is Alfred Nobel's huge legacy.

Surprisingly, even after more than 120 years, this inheritance has not only not been spent, but has become more and more. How do you do that? Today, I'm going to talk about their tricks to making a fortune.

Nobel's legacy

At the end of the 19th century, Alfred Nobel, a great inventor and industrialist, changed the world with his will. In Paris on November 27, 1895, he wrote his will, notarized by numerous celebrities, to set aside his vast fortune – about $9.2 million – to set up an award for those who had "given the greatest good to mankind in the previous year".

Nobel's will stipulates that his estate shall be converted into safe securities, the interest of which shall be divided into five equal annual installments to be awarded to individuals who have made outstanding contributions in the fields of physics, chemistry, physiology or medicine, literature, and peace.

This last wish caused widespread controversy after his death, and even his family opposed the establishment of the Nobel Prize. But eventually, after five years of hard work, the first Nobel Prize was awarded in 1901.

Nobel's legacy is not only financial, but also spiritual. His last wish reflects his deep concern for science, literature, and peace, as well as his unwavering belief in human progress. This legacy, which continues to support extraordinary people who work tirelessly for the well-being of humanity, inspires the world to move forward.

The development of the Nobel Prize

In addition to the first five prizes, in 1968 the Economics Prize was added with a donation from the Riksbank, also administered by the Nobel Foundation.

The Nobel Prize is not only the highest honor in the scientific community, but also the highest award for literature and peace work, and is widely regarded as the most prestigious award in their respective fields.

Over time, the selection criteria and types of Nobel Prizes have evolved. Each award is selected by an independent awarding body, ensuring the independence and impartiality of the results each year.

Today, the award is not only a recognition of an individual's outstanding achievements, but also an important inspiration for those who come after him. Through a variety of activities and educational efforts, the Nobel Prize organization is committed to inspiring the next generation of scientists, discoverers, and innovators.

Why can't this money be spent?

Since its inception in 1900, the Foundation has been responsible for managing Nobel's legacy, and in addition to ensuring that it is awarded to truly deserving scientists, they are also using the money to make various investments to ensure that their funds can support the continued awarding of the prize.

In the early days, the fund's investment strategy was relatively conservative, investing primarily in securities that were considered safe, such as gilts. However, over time and the development of financial markets, the fund has gradually shifted to a more diversified and active investment strategy. This includes investing in stocks, real estate, and "alternative" assets such as hedge funds.

In 2019, the Nobel Foundation's return on investment capital reached 16.6%, demonstrating the Foundation's success in asset management.

In addition, the Foundation has strict requirements for the industries in which it invests, by reducing its holdings related to tobacco and fossil fuels, and investing more in active equity managers who incorporate sustainability criteria and goals into their business philosophy.

The Nobel Foundation's investment activities not only pursue long-term stable returns to safeguard the financial basis of the prize, but also contribute to long-term sustainable development and follow good ethical principles.

Through these strategies, the Nobel Foundation ensures that the Nobel Prize continues to serve as a global benchmark for science, literature, and peace, while also demonstrating how a historic institution has adapted to the modern financial environment to realize the vision of its founders.

All this proves that Alfred Nobel's legacy was not used up because it was managed properly, so that it was able to continue to contribute to the progress of humanity across the centuries.

The impact of the Nobel Prize

Since the birth of the Nobel Prize, its influence has gradually expanded to the world, and the achievements of each laureate are outstanding contributions to the progress of human knowledge and civilization.

For example, the 2019 Physics Prize was awarded to three scientists for their work that gave us new insights into the universe. These discoveries revolutionized astronomy and inspired the exploration of the unknown.

The expansion of the Nobel Prize is also reflected in its impact on scientific research methods and communication methods. Award-winning research often crosses disciplinary boundaries, driving collaboration and knowledge integration between different fields.

In addition, the Nobel Prize also promotes public interest in scientific research by disseminating scientific knowledge to the public through various educational and public events, such as lectures, exhibitions, and seminars. These activities not only strengthen the connection between science and society, but also encourage the younger generation to devote themselves to the cause of scientific exploration.

The Nobel Prize is not only a recognition of an individual's outstanding achievements, but also a force that inspires the entire human society to move towards a better future. Its expansion and impact will undoubtedly continue to inspire more innovation and progress on a global scale.

epilogue

The continuous awarding of the Nobel Prize not only proves that Alfred Nobel's legacy has been put to good use, but also proves that there are still people who are working hard to live a happy and beautiful life today.

Looking to the future, we look forward to continuing the glorious tradition of the Nobel Prize and inspiring more people to devote themselves to causes that benefit the well-being of mankind. Let us all hope that the Nobel Prize will continue to bring a spark of wisdom to the world and illuminate the way forward for mankind.

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