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Alfred Bernhard Nobel (October 21, 1833, Stockholm, Sweden – December 10, 1896, Sanremo, Italy) was a Swedish chemist, engineer, innovator, armaments manufacturer and the inventor of dynamite. He owned Bofors, a major armaments manufacturer, which he had redirected from its previous role as an iron and steel mill. In his last will, he used his enormous fortune to institute the Nobel Prizes. The synthetic element Nobelium was named after him. The foundations of the Nobel Prize were laid in 1895 when Alfred Nobel wrote his last will, leaving much of his wealth for its establishment. Since 1901, the prize has honored men and women for outstanding achievements in physics, chemistry, medicine, literature, and for work in peace. The first three of these prizes are awarded for eminence in physical science, chemistry and medical science or physiology; the fourth is for literary work "in an ideal direction" and the fifth is to be given to the person or society that renders the greatest service to the cause of international fraternity, in the suppression or reduction of standing armies, or in the establishment or furtherance of peace congresses.

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