Alfred Nobel, a wealthy person, was the discoverer of the Nobel Peace Prize. The honors were mentioned in his 1895 last will. In the will, Nobel elaborated that 31 million Swedish Konor and 94% of his possessions would be administered for the growth of a fund. He planned to utilize the fund to distinguish the exceptional contributions of five individuals per annum to global peace and different arenas comprising chemistry, physics as well as medicine.

There have been 90 Nobel peace prizes presented since its beginning in the year 1901.