The World - News from March 22, 1989
The Nobel Foundation raised the cash award for Nobel prizes by 20% to $473,000. The increase was set after a second record year of profits by the foundation that administers the fortune Alfred Nobel bequeathed in 1896. The foundation said that profits surged by 71% last year to $9.1 million. A year ago, the value of the prizes were raised by 15% to $416,000.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
