Norway's $1.4 Trillion Wealth Fund That Humiliates The World

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The Scandinavian countries are usually well known for their generous social programs, great schooling, and some of the happiest people in the world. But, aside from all their well-known perks, Norway also boasts the largest sovereign wealth fund in the world coming in at $1.4 trillion. And given Norway's relatively small population, that comes out to over $260,000 per person. There's no doubt that this wealth fund is far superior to any nationalized retirement or pension fund in the world, and the best part is that it doesn't even run on taxes or contributions from citizens. All of the seed money within Norway's fund originates from petroleum taxes and leases paid for by oil companies drilling in Norway. Norway has cleverly invested this money into the stock market, bonds, and real estate over many decades, and today, they're reaping the benefits of their work. This video explains the history of Norway's Oil Fund and how it became the largest sovereign wealth fund in the world.

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Timestamps:
0:00 - Norway’s Wealth Fund
2:26 - History
4:11 - Investments
7:00 - Withdrawals
8:25 - Ethical Concerns
10:15 - Application To The US

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.

[ndoshman]

As a norwegian, one of my hobbies are watching youtube videoes about how great Norway is.

[alouisschafer]

Ive heard about Norway being oil rich for a long time but I never knew how smart they are playing the game.
Having a fund like this, that can be tapped whenever money is needed is simply a godsend for every Norwegian.

[ibrahemalghanim]

The first sovereign fund was actually Kuwait Sovereign Fund, that was founded in 1953 which it value today reached 700 billion dollars, reaching 500, 000 per capita

[zyth]

The reason why it took so long before the first investment was that early revenue was used to pay for the expansion of the oil industry infrastructure in western norway. They didn’t “do nothing” for 30 years and finally get around to doing something…

[wallstreetbro]

The Scandinavian countries have always been fascinating to me. Their living standards are one of the best in the world and something like a $1.4 Trillion Wealth Fund is expected. Keep up the good work ;)

[richard]

The worst part of Social Security's "investments" is that it invests in US Bonds. So it's not really even income, they're taking money from one pocket to put into the other pocket.

[johnl.]

If there’s going to be a Sovereign Wealth Fund for Social Security the stock market will rise rapidly before it starts anticipating the humongous amount of money coming in.

[johnpatrick]

I love he uses the word "contributions" when talking about a mandatory 15.2% payroll tax paid split between worker and employer. A contribution is how charities are voluntarily funded.

[Robay]

Every country needs to learn from Norway's success!

[riggsmartins]

Wealth and wealth is created through investment, the only way to be financially stable after retirement is to invest while workig. It has always worked for me

[gkc]

I don't know if all of what you mention in your videos is 100% accurate but they are super intresting and easy to follow. Thank you!

[anon]

Australia has a decentralised equivalent of this known as Superannuation. Essentially every employer is required to pay an extra 10% of their employees wages into an investment fund of the employees choice. This is collectively worth more than A$3.4 trillion.

[shivendrasingh]

great topic man. I also read somewhere that abu dhabi has total 900 billion dollars in thier soverign wealth fund which is more than 1 million dollars worth of assets per person and in total uae has about 1.3 trillion dollars in their soverign wealth fund.

[heraldloshi]

Prudent management of resources. That's the greatest lesson learnt from 🇳🇴Norway.

[cervelo]

All countries could and should have done this. With the right initial seeding and management then it becomes self sufficient and abundant.
Equities are the best investments and so countries should have very large investment funds (Sovereign Wealth Funds) just like Norway.

The US method of raising taxes to pay social security is short sighted and shortcoming.

[youxkio]

We actually had a discussion about this issue in one of my masters' classes. The US could be so much successful if it had a fund that could be receiving to a federal reserve fund from small partial subsidies from its oil, weapon, financial, individual wealth, and intellectual rights' revenues. All contributing for the sectors of education and health, which is exactly the problems the US is facing.

[LukaTheDon]

I like the idea of a sovereign wealth fund, however I don’t really trust anyone who would be appointed to manage it no matter the political party affiliation. Congress is rife with insider trading and anyone who they would appoint would be at risk to do the same or worse use the money to secretly influence politics by funding certain campaigns over others.

[ujuoh]

I would sue Social Security if I can. If it was the actual investment bank, it would have zero clients. In a way, it is exactly same as ponzi scheme.

[RaptorsParadise]

I do not watch Netflix, Prime or Disney i watch your videos and they are very informative. I confess your videos have made me addictive to youtube 🙂🙂

[Twikkilol]

Having moved to Norway from Denmark, I can confirm Norway is a very nice place to live, Much more relaxed to be honest.

However, regarding the fund and oil monday. Denmark and Norway shares the oil coming from the North sea. Norway has decided to put all those monday in a fund, and negotiated brilliant deals. Where's Denmark decided naah, we'll just put them into our budget. So we technically have the same amount of money, but they are NOT being saved, they are being spend as they are being made. Also, we do have shitty deals when it comes to the oil. so GG Denmark. And well done Norway.

About Norway being "rich" as a person. I come from a Danish salary. As a IT technician, you would expect around 60.000 USD /Year in salary. Then comes 42 % taxes and lots of tax on fucking everything you buy.

As a Norwegian, but yearly salary goes up to around 70.000 USD a year. Which is a pretty big up, and the taxes are lower. Yes the food and everything is quite expensive compared to what you can buy in Denmark, Germany and Sweden. But the salary also compensates for that more expensive prices.

Everything is relative to the salary yeah.. Anyway, I don't regret moving here, and I do not plan on moving back to be honest.