What is the mathematics analogue of the Nobel Prize?

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The discussion highlights the comparison between the Fields Medal and the Abel Prize as analogues to the Nobel Prize in mathematics. It emphasizes that the Abel Prize, with a monetary value of approximately $1.5 million and awarded annually, is a closer equivalent to the Nobel Prize than the Fields Medal, which is valued at around $15,000 and awarded every four years. There is a common misconception that the Fields Medal is worth $1 million, likely due to confusion with the Millennium Prize Problems, which offer a $1 million reward. Despite the monetary differences, the Fields Medal is still regarded as the most prestigious award in mathematics.
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You have probably heard many times that the closest analogue of the Nobel Prize for mathematics is the Fields Medal. But today I realized that it is not. There is a much closer analogue - the Abel prize.

In particular, both the Nobel and the Abel prize are about $1.5 million, while the Fields medal is only about $15.000. In addition, Nobel and Abel prizes are awarded each year, while Fields medal is awarded every four years. For more details see
http://en.wikipedia.org/wiki/Fields_Medal
http://en.wikipedia.org/wiki/Abel_Prize
 
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Are you sure the Fields medal is only $15.000? I always thought it was $1 million. Didn't Grigori Perelman turn down 1 million dollars?
 
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The Fields medal is only $15 000. You're thinking of the millennium prize problems.
 
Yeah, the Abel prize is probably closest to the Nobel Prize. But the Fields medal is still the most prestigous prize.
 
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