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After Alfred Nobel died, in 1896, and his will was disclosed, the heirs of his eldest brother, Robert, displeased by the fact that the major part of their uncle's estate was bequeathed to the creation of the Nobel Foundation and of the Nobel Prizes, started a legal action to invalidate it.
The main mission of the Nobel Foundation is to manage Alfred Nobel’s fortune in a manner that ensures a secure financial standing for the Nobel Prize over the long term and that the prize-awarding institutions are guaranteed independence in their work of selecting recipients.
The Nobel family has created several societies, including the Nobel Family Society, a private society of which only the descendants of Immanuel Nobel, the younger, are eligible as members, the Nobel Foundation, a private society administering the prizes of Alfred Nobel, and the Nobel Charitable Trust.
(1801-1872) Immanuel Nobel. Father of Alfred Nobel. Self-taught inventor and building contractor in Stockholm. Immanuel Nobel grew up in a poor family who could not afford any formal education. His father taught him how to read and write. At the age of 14 he became a sailor.
The Nobel Foundation is a private institution established in 1900 based on the will of Alfred Nobel. The Foundation manages the assets made available through the will for the awarding of the Nobel Prize in Physics, Chemistry, Physiology or Medicine, Literature and Peace.
The brothers, Gösta and Emil Nobel, are arrested in St Petersburg but succeed in escaping and are united with the entire Nobel family in Stockholm for Christmas. Read more
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In 1909, Branobel celebrates its 30th anniversary, the same year as its head, Emanuel Nobel, turns 50. Emanuel is given the title of His Excellency by the Russian state, which few private individuals were granted.
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