Alfred Nobel created dynamite. Since he didn’t want to be remebered as a creator of such a deadly device, Nobel created a will that left a bulk of his fortune to the establishment of five prizes; physics, chemistry, medicine or physiology, peace and literature. On December 10, 1901, five years after Alfred Nobel’s death, the first five Nobel Prizes were awarded. Since it’s only awarded to people who had done a great deed, we can easily see and recorgnize who has done what. Also awards usually boost people to achieve a better result.
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The primary document does not mention about how much money he contributed to establish this organization.
He has contributed around $186 millions which is 94% of his total assets.