chas asked in Science & MathematicsMedicine · 1 decade ago

What do Nobel Prize winners do with the money they receive?

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  • 1 decade ago
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    The Nobel Prize money was meant to fund winners further work, although nowadays many laureates are retired at the time their award is made. With this prize money is used differently. It is common for the recipients to donate the prize money to benefit scientific, cultural or humanitarian causes.Some gives amount to charity institutions, some use it in funding projects to help the people as well as the government, and so on and so forth. The winner can use it according to his personal circumstances.The winner win the prize and its for them to decide what to do with the money. There is no certain rule that states that the money they received as the prize should be spent only on specific things. How the winner want to spend it, is the way it is spent.

    Read further from this wikipwdia link:http://en.wikipedia.org/wiki/Nobel_Prize

  • 1 decade ago

    they probably use the money to conduct even more research!!! we all know that research is time consuming and in some cases demand a hefty financial investment. in the off chance that Nobel prize winner stop their research and retire they probably enjoy their money and spend it on extravagant things but that's the minority

  • 1 decade ago

    depends on when they win it. some have retired so they live off that money. others use it to pay off loans and fund their research. there is no restrictions on how they spend it

  • 1 decade ago

    Finally pay their student loans off.

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  • Anonymous
    1 decade ago

    Go out and get totally rat-arsed!

  • 1 decade ago

    i've actually heard that most of them just donate it to charity.

  • 1 decade ago

    they re-invent the dynamite

  • 1 decade ago

    cigarettes and whiskey and wild, wild women maybe?

  • 1 decade ago

    I put all mine in Dell stock. Thanks for asking.

  • 1 decade ago

    They probably donate it to some sort of charity.But idk

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