Alfred Nobel is the founder of the Nobel Prize, which honors men and women throughout the world for achievements in medicine, chemistry, physics, literature and works of peace. Nobel was a wealthy man who left most of his fortune to establish the Nobel Prize. The Nobel Prize was founded via Alfred Nobel's last will and testament in 1895, and the first award was granted in 1901.
The Nobel Peace Prize is awarded annually to those who have "done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses." However, there have been some years when the prize was not awarded because the conditions for receiving it were not met by any candidates. As of 2014, the Nobel Peace Prize has been awarded 94 times since 1901.