The world’s most generous prize money is attached not to the Nobel Prize but to the Mo Ibrahim Prize, awarded for good governance in Africa, as determined by a very simple test: a democratically elected leader who actually leaves office at the end of his term. The winner receives five million dollars plus two hundred thousand dollars a year for life. The 53 African nations yielded one claimant in 2011, but none for the two years previous. The precedent set by George Washington has not been easy to establish elsewhere, prize money or not.
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