$1.2 million will be awarded along with the prize when it is presented in Oslo in December 10.
If this was divided between the 497,481,657 people of the European Union, everyone would get 0.0024 cents each, or 0.0015p.
More top news
Lord Sugar has told Katie Hopkins to "shut up" after the ex-Apprentice contestant criticised celebrities who paid tribute to Cilla Black.
Jeremy Corbyn's economic policies would harm the poor and leave the Tories in power for a decade, Chris Leslie has warned.
Landlords have been warned they could face up to five years in prison if they fail to remove illegal immigrants from properties.