The Millennium Prize Problems are a set of seven unsolved mathematical problems that were announced by the Clay Mathematics Institute in 2000. Each problem carries a reward of one million dollars for a correct solution. These problems are significant in various fields of mathematics and have puzzled mathematicians for years. The seven problems include the P vs NP problem, the Hodge conjecture, the Navier-Stokes existence and smoothness, the Riemann hypothesis, the Yang-Mills existence and mass gap, the Birch and Swinnerton-Dyer conjecture, and the Poincaré conjecture. While the Poincaré conjecture has been solved, the other six remain open challenges in the mathematical community.