Malala Yousafzai has just become the youngest person to ever win a Nobel Prize. The 17-year-old from Pakistan is sharing the 2014 Nobel Peace Prize with fellow children’s activist Kailash Satyarthi, who is from India. In 2012, Malala survived being shot by terrorists for speaking out for girls’ right to be educated in her native country. She was awarded the Nobel Prize for her global work supporting access to education for girls.
Malala’s journey to the Nobel Prize has not been easy. She grew up in a dangerous region of Pakistan called the Swat Valley. This area was taken over by a terrorist group called the Taliban in 2007. The Taliban ruled the region with an iron fist. They created many restrictive new laws, such as banning television and music. But they were especially harsh to women, not allowing them to go shopping, have jobs, or go to school.
In 2009, Malala began speaking out publicly for every girl’s right to an education. She blogged about how the Taliban didn’t want her to go to school. She also continued to attend her local school, despite the danger involved.
Then, in 2012, the Taliban tried to kill Malala to silence her. Two Taliban gunmen targeted and shot her and two other students while they were on a school bus. Malala was flown to the United Kingdom for immediate medical treatment.
Malala eventually recovered from her injuries. She currently lives in Birmingham, England, and continues to work hard to support girls’ and women’s rights around the world. “The terrorists thought that they would change my aims and stop my ambitions,” she said in a speech to the United Nations last year, “but nothing changed in my life except this: Weakness, fear, and hopelessness died. Strength, power, and courage were born.”
Winning the Nobel Prize is a tremendous honor, especially for someone as young as Malala. Each year since 1901, Nobel Prizes have been awarded to exceptional individuals from around the world for achievements in physics, chemistry, economics, literature, and the promotion of peace. Winners receive a medal, a special diploma, and a cash prize equivalent to about 7,350,000 Norwegian kroner (the currency in Norway, where the Nobel Peace Prize is awarded).
One Norwegian kroner is equivalent to 15 cents in the U.S. What is the value of the Nobel cash prize in U.S. dollars? Round your answer to the hundred-thousandths place.