Hungarian writer Laszlo Krasznahorkai won the 2025 Nobel Prize in Literature, the award-giving body said on Thursday.

The prize is awarded by the Swedish Academy and is worth 11 million crowns ($1.2 million).

Established in the will of Swedish dynamite inventor and businessman Alfred Nobel, the prizes for achievements in literature, science and peace have been awarded since 1901.

“The Nobel Prize in Literature for 2025 is awarded to the Hungarian author László Krasznahorkai for his compelling and visionary oeuvre that, in the midst of apocalyptic terror, reaffirms the power of art,” said Mats Malm, Permanent Secretary at the Swedish Academy.

Past winners of the 11 million Swedish crown ($1.2 million) literature prize include French poet and essayist Sully Prudhomme, who bagged the firs

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