The prize was established in 1975 by the
Ministry of Culture of Spain and first awarded the following year. The winner receives a monetary award of 125,000
euros, which makes it one of the
richest literary prizes in the world. The prize rewards authors from any
Spanish-speaking nation and recognizes the recipient's overall body of work. As of the presentation of the 2024 award to
Álvaro Pombo, the recipients have been recognized for their writing of novels, poetry, short stories, essays, translations, philosophy or dramasor for combinations thereof. With two winners in 1979, there have been 50 recipients of the Miguel de Cervantes Prize.
The Cervantes Prize and the Nobel Prize in Literature Three of the 50 winners of the Miguel de Cervantes Prize have also won the
Nobel Prize in Literature.
Octavio Paz (Cervantes 1981, Nobel 1990) and
Mario Vargas Llosa (Cervantes 1994, Nobel 2010), were awarded the Nobel Prize in subsequent years, while
Camilo José Cela received the Nobel Prize in 1989 and was awarded the Cervantes Prize in 1995. ==Laureates==