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Alfred Nobel Signs the Will That Created the Nobel Prizes (1895)

November 27, 1895

On November 27, 1895, at the Swedish–Norwegian Club in Paris, the Swedish inventor and industrialist Alfred Nobel signed his final will and testament. In a single stroke of the pen, he redirected the bulk of his vast fortune away from his relatives and toward the creation of annual prizes rewarding those who conferred the greatest benefit on humankind. The document would go on to establish one of the most prestigious honors in the world, the Nobel Prize.

The Man Behind the Will

Alfred Bernhard Nobel was born in Stockholm, Sweden, in 1833, into a family of engineers and inventors. He trained as a chemist and spent decades experimenting with explosives, a field made notoriously dangerous by nitroglycerin's instability, which had already caused fatal accidents, including one that killed his younger brother Emil in 1864. Undeterred, Nobel pressed on and in 1867 patented dynamite, a stabilized form of nitroglycerin that could be safely transported and used in construction, mining, and warfare. The invention made him extraordinarily wealthy, and he went on to found more than 90 armaments and explosives factories across 20 countries. By the time of his death, Nobel held 355 patents worldwide, covering everything from synthetic rubber to artificial silk. Yet he was troubled by how his explosives were used for destruction rather than progress. A widely repeated, though disputed, story holds that a French newspaper mistakenly published Nobel's obituary in 1888 after his brother Ludvig died, branding Alfred a 'merchant of death.' Whether or not this account is entirely accurate, it reflects the genuine anxiety Nobel felt about his legacy, an anxiety that shaped the extraordinary document he would sign seven years later.

Did You Know?

Nobel's will was so unusual and legally unconventional that it took nearly five years and considerable negotiation among executors, relatives, and governments before the first prizes could actually be awarded in 1901. Ironically, the man who funded the Peace Prize made his fortune primarily from explosives and weapons manufacturing.

Signing the Will in Paris

On November 27, 1895, Nobel visited the Swedish–Norwegian Club in Paris, a gathering place for Scandinavian expatriates in the French capital, where he signed his last will and testament in the presence of four witnesses. The document was strikingly unconventional for its time. Rather than leaving his fortune primarily to family members, Nobel directed that the bulk of his estate, valued at roughly 31 million Swedish kronor, be converted into a fund. The interest from this fund was to be distributed annually 'in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit to mankind.' He specified five categories: physics, chemistry, physiology or medicine, literature, and peace. Nobel's instructions were precise about the awarding institutions, designating the Royal Swedish Academy of Sciences for physics and chemistry, the Karolinska Institute for medicine, the Swedish Academy for literature, and a committee elected by the Norwegian Parliament for the peace prize. This last provision was unusual, since Sweden and Norway were still united under one crown at the time, and it reflected Nobel's belief that Norway, with its parliamentary tradition, was well suited to promote peace efforts.

From Controversy to Legacy

Alfred Nobel died in San Remo, Italy, on December 10, 1896, at age 63, just over a year after signing his will. When the document was made public, it provoked immediate controversy. Nobel's relatives contested it, and Swedish King Oscar II reportedly disapproved of a Swede's fortune being distributed internationally rather than kept within the nation. It took until 1900 for the Nobel Foundation to be formally established in Stockholm to administer the funds and resolve the legal disputes. The first Nobel Prizes were finally awarded on December 10, 1901, the fifth anniversary of Nobel's death, honoring figures such as Wilhelm Röntgen in physics and Henry Dunant and Frédéric Passy in peace. Since then, the prizes have grown into the most prestigious international awards in their respective fields, later joined by the Nobel Memorial Prize in Economic Sciences, established by Sweden's central bank in 1968. Nobel's decision to transform an arms-manufacturing fortune into a fund for advancing science, literature, and peace remains one of history's most remarkable acts of philanthropic reinvention, ensuring that his name is now associated far more with human achievement than with the destructive power of dynamite.