5 things to know about the Nobel Prize for literature
COPENHAGEN, Denmark (AP) — The Nobel Prize in literature won't be awarded this year following sex-abuse allegations and other issues that have tarnished the Swedish Academy's public image. Here are five things to know about the most prestigious international literature prize:
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WHO CREATED THE PRIZE?
The Nobel Prizes were created following a bequest from Alfred Nobel, a Swedish industrialist and inventor of dynamite, who wanted his fortune to honor great achievements in physics, chemistry, medicine, literature and peace. The literature prize winner is picked by the Swedish Academy in Stockholm. Each prize is worth 9 million Swedish kronor (about $1.1 million).