Question

Read the excerpt from A State of War and Peace.

Upon his death in 1896, Swedish chemist Alfred Nobel, inventor of dynamite, bequeathed the equivalent of $4.7 million (at the time of this publication) to create awards that would be his ultimate legacy. Every year the revered Nobel Prizes are given on December 10, the anniversary of Nobel's death.

Which is the best paraphrase of this excerpt?

Swedish chemist Alfred Nobel died on December 10, 1896. He left a great deal of money behind to create the Nobel Prizes. Nobel will be most remembered for the prizes he established. The highly-respected awards are given out each and every year.
Upon his death in 1896, the Swedish chemist Alfred Nobel, who invented dynamite, bequeathed the equivalent of $4.7 million (at the time of this publication) to establish awards that would be his ultimate legacy. Every year the respected Nobel Prizes are given on December 10, the anniversary of Nobel's death.
When he died on December 10, 1896, Swedish chemist Alfred Nobel left what would be currently be valued at $4.7 million to establish the Nobel Prizes. Nobel invented dynamite, but he will be most remembered for the prizes, which are presented each year on the anniversary of his death.

Answer 1

The best paraphrase is the second one. It accurately preserves the original details (Nobel, dynamite, the $4.7 million bequest, the prizes as his legacy, and that they’re awarded each year on December 10) without adding or distorting the meaning.