Nobel laureates sometimes display as much ingenuity when deciding how
to spend their prize money as they did on the work that won them the
award in the first place.
When Sir Paul Nurse won the Nobel Prize for Medicine in 2001, he
decided to upgrade his motorbike. A fellow winner in 1993, Richard
Roberts, installed a croquet lawn in front of his house. Austrian author
Elfriede Jelinek, who won in 2004, said the prize meant "financial
Lars Heikensten, executive director of the Nobel Foundation, said
there were no obvious shopping trends among laureates.
"I think it depends a lot on which country they come from, their
personal finances... what kind of incomes they have when they get the
prize, and where they are in life," he said.
Real estate, however, is a popular option, at least among those
willing to reveal what they spend the money on.
Over a million dollars sounds like a lot but it is often shared
between several winners, diluting their Nobel spending power.
Wolfgang Ketterle at the Massachusetts Institute of Technology, who
shared the 2001 physics prize with two colleagues, put his share towards
a house and his children's education.
"Since half goes to taxes in the US, there was nothing (more) left,"
Phillip Sharp, the American co-winner of the 1993 medicine prize,
decided to splash out on a 100-year-old Federal style house.
"I took that money and bought a little bit bigger house... It's a
beautiful old place," he told AFP, adding that "The money is a nice part
of the process" but "the important thing about the prize is the
For winners of the peace prize the decision is often more clear-cut,
as the honour tends to go to politicians, organisations and activists
who are under more public scrutiny.
Many, like US President Barack Obama in 2009 and the European Union in
2012, donate to charities.
Others support pet projects: the 2008 winner, former Finnish president
Martti Ahtisaari, said he would finance a conflict resolution group he
had set up.
But there has been one notable exception to the charitable giving.
Former US president Woodrow Wilson won the prize in 1920 but left it
in a Swedish bank to earn interest, apparently because he was concerned
about life after retirement in an age when former presidents got no
government pension, according to one biography.
Literature laureates tend to be more private about how they use the
money, but the choice is often equally straightforward.
"Even if Nobel-winning authors are quite well known, many of them will
not have made much money from writing," said Anna Gunder, a Nobel
literature expert at Uppsala University.
While the prize might keep the wolf from the door for some years,
giving them freedom to write, it can also briefly have the opposite
"It really changes their careers... During the first year after
they've won they often write less, but they generally continue after a
year or two," said Gunder.
splash out: 大手大腳地花錢
keep the wolf from the door: 勉強度日，免于饑餓