Prize - many pay more

The cash value of awards Prize money Oct 13th 2009 From Economist.com

How much do big awards pay?

THE Nobel prizes are probably the best-known of the many annual awards for excellence in a particular field. They offer great prestige and a sizeable cash reward, paying around $1.4m to the winner. Other awards deliver more money, however. The Ibrahim prize rewards African leaders for governing well with $5m over ten years, and another $200,000 each year thereafter. The X Prize, offered in a number of categories, is even more valuable but is handed out for one-off achievements. Writers and thinkers wanting to supplement their bank accounts handsomely may wish to turn to spirituality or a Spanish-language novel ( Planeta ) rather than journalism.

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