section_path: History/Nobel Foundation/Foundation capital and cost
section_name: Foundation capital and cost
paragraph_text: Foundation capital and cost
  
  The capital of the Nobel Foundation today is invested 50% in shares, 20% bonds and 30% other investments (e.g. hedge funds or real estate). The distribution can vary by 10 percent. At the beginning of 2008, 64% of the funds were invested mainly in American and European stocks, 20% in bonds, plus 12% in real estate and hedge funds.
  
  In 2011, the total annual cost was approximately 120 million kronor, with 50 million kronor as the prize money. Further costs to pay institutions and persons engaged in giving the prizes were 27.4 million kronor. The events during the Nobel week in Stockholm and Oslo cost 20.2 million kronor. The administration, Nobel symposium, and similar items had costs of 22.4 million kronor. The cost of the Economic Sciences prize of 16.5 Million kronor is paid by the Sveriges Riksbank.