The Peace Prize is the fifth Nobel award announced this week, following the prizes for literature, chemistry, physics and medicine.

The award is worth 12 million Swedish kronor, equivalent to approximately $1.2 million.

The prize will be presented in Oslo on December 10, marking the anniversary of the death of Swedish industrialist Alfred Nobel, who established the awards in his 1895 will.

Venezuelan opposition leader Maria Corina Machado received the Nobel Peace Prize in 2025.