Norway's $1.4 Trillion Sovereign Wealth Fund Fully Explained

This is Norway, one of the wealthiest countries in the world and also the world’s largest investor. Its sovereign wealth fund has a massive value of $1.4 trillion invested across 69 countries and thousands of individual companies.

Seriously, the latest holdings report has 398 pages of just an endless list of company names and their ownership percentage.

In total, it owns 1.5% of all of the public companies on earth, not to mention it owns hundreds of buildings in the world’s major cities like New York, London, Berlin, and Tokyo.

So in this video, we will talk about 3 things. We’ll briefly discuss about the Norwegian economy before the fund’s creation and how Norway turned the oil curse into a blessing.

We’ll examine how the fund is organized and managed, its investment philosophy, asset allocation, that kind of things. And we’ll talk about how this massive fund benefits the economy at large.

Music by Epidemic Sound

Stock Footage by Storyblocks

#Norway #Economics #Doverhill

about economics explained, about Finance and how money works, on Norway's Sovereign Wealth Fund and the largest sovereign wealth fund, This is an economics/finance video

[JayH-ds]

Norwegian here, living in the US. As of late 2024 the fund is now up to $350, 000 per citizen. NEVER giving up my Norwegian passport.

[jeschinstad]

This was a really great video! It's the best I've seen on this subject. No hyperbole, no repetitions of old myths. Very well done.

[JohnnyRoscoe]

This was by far the best and most accurate video I have seen so far….👍🇳🇴

[netizencapet]

Unlike the US, Norway is a democracy...hence its natural resources are used for public benefit. Perversely, all US oil cos except a small one in Alaska are private & subsidized rather than taxed.

[VidarLund-kq]

It's actually close to $1, 9 trillion now, December 2024.

[theromanorder]

So from what i understand,
Oil sales are being invested into the global market, which benifits companies globally to bring services to comsumers, and over time the wealth fund grows from profits in the investments, so in the future this fund can alow for alot of wealth when the oil runs out, and can be used to aid the economy in times of trouble, like if taxes must be lowered for high costs the budget can be subsidised by the wealth fund, so the government's dosent need to print as much money thus less inflation.

the fund could also invest in local businesses or give substitute to people to help stimulate he economy,

Its invested in a large variety of markets like real estate, foreign oil and mining, and lately green energy to help promote its expansion, and also invests in major tech, shipping, and some other comical markets.
They are also trying to not invest in business that are bad for sustainability to encourage more of it and keep there hands free

[rebjorn]

One thing to keep in mind is that while it helps, oil isn't the only reason why the economy here is thriving. We made sure that women were included on a broad scale in the workforce earlier than many or even most other countries and this alone has proven to be a huge success factor.

[YoungNafteal]

I hope that you will got 1 million subscribers

[straven]

Norway next global superpower. Mark my words. Think of the Dutch Republic of the 1600s. Both countries will have overcame their immense geographical and demographic shortcomings through financial innovations. I wish I could bet on this.

[_jay]

first time I realized that large wealth funds might not always want the development of deflationary tech

[kkNORWAY]

Norway is a good country, but it is not unique. Most countries in the western world, not all western countries, but most have a similar system. Compared to the second and third world, the West has relatively low social differences, but the USA and the UK have large differences

Norway is often glorified and seen as the best of the best, which I think is completely wrong

Although our country is rich in resources, the population is not rich, not poor either, just working class. The majority are working class. The middle class, the upper class and the poor are a minority, as in most Western countries

The amount of income in Norway is high, but people abroad who dream of living in Norway do not check living costs against income. Norway is among the most expensive countries in the West, the cost of living is insanely high, therefore the high amount of income is not relevant to wealth

I know a married couple where the husband is Spanish, the wife is Norwegian. They have lived in both Norway and Spain, now they live in Spain. Spain is not as rich in resources as we are, but the people who live there are neither richer nor poorer than Norwegians

Measured in amount, they earn 35% less in Spain for similar occupations than in Norway, in return the cost of living is 35% lower, which makes this match, therefore the standard of living is the same. Rights in healthcare are also the same

Poor, middle class and rich are a minority in Spain, and it is a minority in Norway. The level of corruption is low compared to the second and third world in Spain, and the level of corruption is low in Norway compared to the second and third world

Norwegians are no better off than most other western countries, this is a big misunderstanding

Yes, we earn more, but we also have a higher cost of living

Something that is also misunderstood is that healthcare is free in Norway, this is not true. When you are admitted to hospital, you pay nothing, and the treatment you receive while you are admitted is free, but for all outpatient treatment you pay a deductible. The healthcare system is partially subsidized by the state, but not free, only admission to a public hospital is free

In the last year, Norway has gone downhill. I would call it a financial crisis, something all countries go through once in a while. Interest rates have exploded, electricity is 10 times more expensive than a year ago, the currency has lost a lot of value, and recently food also became much more expensive. Despite all this, there is no index adjustment in the income. The amount of income is still the same now as it was two years ago, we have a much higher cost of living, money is in inflation, interest rates have exploded, but after all this the amount of salary is exactly the same

Poverty rate went from 7% of Norway's population to 10% of the population. It is still a minority on the scale, but I still think it is tragic and unfair that it should be like this

I also have to mention dental health. One would think that the teeth are not part of the body in Norway, because dental health is not covered by the ordinary healthcare system. Public healthcare is partially subsidized, you pay a deductible, the state pays the rest, dental health is not subsidized, after you turn 18, the state pays 0% of the dental health, so at the dentist you pay 100% of the price yourself

Higher education in the public sector is not free either, you pay a compulsory fee each semester. You have to buy your own laptop, you have to buy your own textbooks, and if you don't live near the university, you have to rent a dormitory, which is very expensive, and you also have to pay for electricity and food, and to afford this you have to apply for a student loan, and you have debt for years after you graduate

When Norwegians buy houses or flats in working-class standard, they have mortgages for 25 to 35 years on average

This post is not intended as a complaint, but as a detailed explanation that Norway is nothing extraordinary, Norway is nothing unique. Money is not everything, and I have no goal of becoming rich, but it is not fun that people think we are so rich when it is not the case, nor is it nice that people think Norway is utopia when it is not the case

The rare times I afford a holiday, and the locals ask where I'm from, and I say Norway, then I can't be left alone, then people will sell me the most expensive things they have, restaurants will sell me lobster, if I am in a taxi and they ask where I'm from, then they'll drive me everywhere and give me a long sightseeing trip and show me all possible sights, because they think I'm insanely rich when they hear the word "Norway". I am also told that I am lucky, but what do they really know about my life? How do they know I'm lucky? That and being lucky are to a far greater extent personal experiences than which country you live in. I've always had what I need, but I'm still not lucky, I've been exposed to a lot of bad experiences in life. That's why it's not fun that people think I'm rich and lucky!

I consider myself neither lucky nor unlucky, it's subjective, I currently have a job I like with good colleagues, and a few good friends, and good relatives. I earn less in this job than in the previous one, but I enjoy myself better, therefore I feel luckier with this job. But behind me in life I have been treated terribly by many people, I have been exposed to a lot of pain, and I have also been in two car accidents. So even though I live in Norway, I am not immune from experiencing a bad life. It is to a small extent one country that determines whether you are lucky or not, as long as you are not living in war, or starving to death

[enricoyasin]

Where are you from? Shoutout from Indonesia 🇮🇩🇮🇩🇮🇩

[legendaryphoenix]

"Norway only invests into ethical stocks and excludes those equities of companies from their fund."
Before that:
"Big names that can be found in Norway's funds are Apple, Google, ..."
Uighyurs and other low-wage almost slave-laborers in China: "That's convenient mate."

[CaptainOinkOink]

The fact that the thumbnail is mirrored was really messing with my head

[kkNORWAY]

I don't know anyone in Norway who can do exactly what they want. Most are not financially independent. Most of them have mortgages, high interest rates, exorbitant living costs, do not travel more on holiday than other Western citizens do, do not live more lucratively than what other Western countries in Europe do. We are rich in resources. The people, on the other hand, belong to the working class. But money is not the main key to happiness. Traveling, buying new expensive things, indulging in luxury are not human rights. But I want to debunk the myth that people think we who live here are so much richer than other Western countries. People abroad google the sum of the income of Norwegians, and think "WOW they are rich", but they don't google the cost of living, which is ridiculously much more expensive than in most other western countries. They don't google fees and interest. Norwegians have perhaps 35% higher income than many other European countries, but in return we also have perhaps 35% higher living costs, this must be taken into account before you can form an opinion about "how rich" we are

[DanJohnston-ombc]

U S A Real Estate Market will see significant TCs <trend, changes>^😊 by 3rd quarter 2025

[sebastianwrites]

Unfortunately there are now ethical questions about the chap who has newly taken over control of Norway's oil fund!

I hope they do stick to their ethical principles at a time when mankind has to ensure that we are directing our energies constructively?

[HappyFlowerBouquet-tuon]

I am CEO of New Frontiers services Ltd and registered company in Ghana and I am looking for working capital loan from the Norway sovereign wealth fund

[michaeladams]

Great video! I really have a question. How would you recommend someone looking to invest less than $14, 000 to get into the crypto market? I study some traders and copy their strategy instead of investing myself and losing emotional money. What do you think of this approach?

[nawwk]

US GDP in 2019, before the pandemic was $21.38 trillion.
Divided amongst 323.3 million population, each person can receive up to $66, 130.

I wonder where the money went? 🤔