Mario Vargas Llosa Awarded Nobel Prize in Literature

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Peruvian writer Mario Vargas Llosa has been awarded the 2010 Nobel Prize in Literature, as anounced on Thursday. His political writing examines the threats of power and corruption in Latin America.

At 74-years-old, Mario is one of the most well-known and celebrated writers in the Spanish-speaking world. He has written over 30 novels, plays and essays. He even ran for presidency in Peru in 1990 and has been an outspoken political activist ever since.

He is currently spending the semester in the U.S., teaching Latin American studies at Princeton University.

This is the first Nobel Prize for a writer in the Spanish language in two decades, after Mexico's Octavio Paz won in 1990.

As the Nobel Prize winner, Mario will receive 10 million kronor, or $1.5 million. Not too shabby!

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