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Each year Mo Ibrahim, a Sudanese-born telecoms billionaire, offers a $5m prize (spread over 10 years and then followed by $200,000 a year for life) to a democratically elected African leader who has governed well, raised living standards and then voluntarily left office.
Otherwise, rankings can become a noisy indicator of players' strengths, while effort cost and heterogeneous prize spread can be of little relevance to players' effort choices.
Before Hult Prize spread to Egypt, students didn't know they could have a profitable business and enhance social welfare simultaneously.
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This year's ceremony, held on May 8 in the Opera-Comique and broadcast in prime time on the government-owned television channel France 2, went off without controversy, with top prizes spread around diplomatically.
But that sum was broken up into thousands of prizes, spreading the individual winnings thinner.
Millionaire Chess, the brainchild of grandmaster Maurice Ashley and the entrepreneur Amy Lee, promised $1 million in prize money, spread over six different sections.
This was a Bafta ceremony which shared the prizes and spread the love.
Some Europeans asked whether the bloc's dismal track record in dealing with the Balkan wars of the 1990s and its performance in the current economic crisis justified a prize for spreading peace.
The rest of the £65,000 prize money was spread among the other 10 shortlisted "emerging artists" whose work is now on show at the Institute of Contemporary Arts in London.
The winning prize pool is $20,000, spread out across 8 finalists, with awards ranging from $1,000 to $7,000 each.
Those prizes of $500,000 each, spread over five years, are conferred each September on about 25 people.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com