Norwegian’s are rich!

The Norwegian Sovereign Wealth Fund, officially known as the Government Pension Fund Global (GPFG), is one of the world's largest sovereign wealth funds, established in 1990 to manage the surplus revenues from Norway's oil and gas sector. Managed by Norges Bank Investment Management (NBIM), a part of the Central Bank of Norway, the fund aims to ensure long-term financial stability for Norway by investing globally in a diversified portfolio of assets.

The fund primarily invests in equities, fixed income, and real estate, spreading its investments across more than 70 countries. As of 2024, the fund's value exceeds $1.4 trillion, representing approximately 1.5% of global equities. The GPFG is known for its strict ethical guidelines, avoiding investments in companies that violate human rights, contribute to environmental harm, or are involved in severe corruption.

The fund’s returns are used to finance the Norwegian government's annual budget, with a general rule of withdrawing no more than 3% of the fund's value each year to maintain its long-term sustainability. This prudent approach allows Norway to safeguard its wealth for future generations, despite the country's eventual transition away from fossil fuels.

Read more about Norway's Sovereign Wealth Fund Here: