The Abel Prize is an international prize presented annually by the King of Norway to one or more outstanding mathematicians. The prize is named after Norwegian mathematician Niels Henrik Abel (1802–1829). It has been described as the "mathematician's Nobel" prize by Keith Devlin,1 and is among the most prestigious awards in mathematics. It comes with a monetary award, which in 2008 was US$1.2 million.
The Norwegian Academy of Science and Letters annually declares the winner of the Abel Prize after selection by a committee of five international mathematicians. The committee is headed by Kristian Seip. The amount of money that comes with the prize is usually close to one million USD, similar to the Nobel Prize, which is awarded in Sweden and Norway and excludes mathematics. Norway gave the prize an initial funding of NOK 200,000,000 (about $23,000,000 USD) in 2001. The prize is an attempt at creating publicity for mathematics, making the science more prestigious, especially for young people.
The prize was first proposed to be part of the 1902 celebration of 100th anniversary of Abel's birth.2 In 1899, shortly before his death, Sophus Lie proposed establishing an Abel Prize when he learned that Alfred Nobel's plans for annual prizes, made known in 1897, would not include a prize in mathematics. King Oscar II was willing to finance a mathematics prize in Abel's name, and the mathematicians Ludwig Sylow and Carl Størmer drew up statutes and rules for the proposed prize. However, Lie's influence waned after his death, and the dissolution of the Union between Sweden and Norway in 1905 ended the first attempt to create the Abel Prize.
In 2001, after interest in the prize had risen, a working group was formed to develop a proposal, which was presented to the prime minister of Norway in May. In August 2001, the Norwegian government announced that the prize would be awarded beginning in 2002, the two-hundredth anniversary of Abel's birth.