High Quality Content by WIKIPEDIA articles! 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 often been described as the "mathematician`s Nobel prize" and is among the most prestigious awards in mathematics. It comes with a monetary award of six million kroner, which is approx. (2011) 1 million US dollars.