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Alfred Bernhard Nobel

Alfred Bernhard Nobel, a swedish investor and philanthropis, bequeathed most of this vast Fortune to a Trust that he designated as a fund from which annual prizes could be awarded to the individuals and Organization that had achieved through invention or Discovery that which would have greastest benefit to humanity in a particular year. According to a legenda. Nobel’s death had been erroneously reporter in a newspaper, and the focus the of the obituary was the fact that nobel had invented dyamit. He rewrote his will in 1895, thereby establishing, with the original amount of the millions dollars, the nobel Foundation as the legal owner and administering agen of the funds, and instituting the prizes that are named after him. Statutes to govern the awarding of the prizes Wet written, along with guidlines for operating procedures. Five years after nobel death, the First five prizes, worth about forty thousand dollars each, Were to be awarded.