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....The Abel Prize recognizes contributions of extraordinary depth and influence to the mathematical sciences and has been awarded annually since 2003. It carries a cash award of NOK 6,000,000 (about EUR 600,000 or USD 700,000).

Andrew J. Wiles is one of very few mathematicians – if not the only one – whose proof of a theorem has made international headline news. In 1994 he cracked Fermat’s Last Theorem, which at the time was the most famous, and long-running, unsolved problem in the subject’s history.

Wiles’ proof was not only the high point of his career – and an epochal moment for mathematics – but also the culmination of a remarkable personal journey that began three decades earlier. In 1963, when he was a ten-year-old boy growing up in Cambridge, England, Wiles found a copy of a book on Fermat’s Last Theorem in his local library. Wiles recalls that he was intrigued by the problem that he as a young boy could understand, and yet it had remained unsolved for three hundred years. “I knew from that moment that I would never let it go,” he said. “I had to solve it.”....
http://www.abelprize.no/nyheter/vis.html?tid=67106
 
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The prize is news, but he solved the problem (proved the theorem) almost a quarter of a century ago.

Exactly. From what I have read, Andrew Wiles solved it in 1994. However, I am surprised that it took a quarter of a century for the decision to be taken to bestow this prize on him.

Doubtless, irrespective of how late the award is, he will find the prize and the prize money most welcome.
 
The book Fermat's Last Theorem by Simon Singh tell's Wiles' story in an approachable and understandable way. Its worth a read.

I seem to recall having read a review of that boo, some years ago, which recommended it.

My only surprise is the actual award of this prize. I suppose that I am somewhat curious as to why it has been awarded now, rather than when - or shortly after - Andrew Wiles actually solved Fermat's Theorem.
 
I seem to recall having read a review of that boo, some years ago, which recommended it.

My only surprise is the actual award of this prize. I suppose that I am somewhat curious as to why it has been awarded now, rather than when - or shortly after - Andrew Wiles actually solved Fermat's Theorem.
The first was in 2003.
The Abel Prize was established by the Norwegian government in 2002 on the occasion of the 200th anniversary of Niels Henrik Abel's birth. The Abel Prize recognizes contributions to the field of mathematics that are of extraordinary depth and influence....
http://www.abelprize.no/c53671/artikkel/vis.html?tid=53702

List of laureates HERE.
 
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