Alfred Nobel held 355 patents at his death in 1896. He left a will with the Swedish-Norwegian Club in 1895 giving most of his fortune to reward those who serve mankind. At first, the Club refused to honor his will but finally gave way in 1901, awarding the first of the Nobel Prizes, a medal, a diploma and 10 million Swedish crowns.
When Nobel died Sweden controlled Norway as well until 1905. Since then, Sweden has issued the awards given out by the King of Sweden. The winners are announced at the beginning of October and handed out on December 10th.
The King wears several hats, (Look him up they are literally hats and normally pretty weird) one of which is presenting the awards to over 500 recipients annually. The current King of Sweden is Carl XVI Gustaf.
The awards are issued in Stockholm, one of the most beautiful cities in the world. A fitting place for those who practice the art of peace, literature and the arts.
How to celebrate – There are too many recipients to list for this years, look them up here. Study the life of Alfred Nobel. Try and watch the prize awards if you can.