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Source: Carlos Fuentes Prize

Carlos Fuentes International Prize for Literary Creation in the Spanish Language (Spanish: Premio Internacional Carlos Fuentes a la Creación Literaria en el Idioma Español) is a literary award established in 2012 by the Mexican government in honor of Mexican writer Carlos Fuentes. It is awarded every year on November 11, the birthday of Fuentes. The prize has a remuneration of US$250,000 making it one of the richest literary prizes in the world.
The jury is composed of seven people including a member of Spain’s Royal Academy of the Spanish Language, another from the Mexican Spanish-language academy, one more from another academy in Latin America or the Philippines, and four additional academic or literary figures from Mexico.