The value of the Norwegian sovereign wealth fund, the largest in the world, reached a record 20 trillion Norwegian kroner (€1.47 trillion) on Friday.
The fund, established in 1990, reinvests profits from Norway’s oil and gas industry.
Its total value equates to approximately 3.6 million Norwegian kroner (€310,000) per Norwegian citizen. Norway has a population of around 5.6 million.
The fund owns shares in nearly 8,800 companies, including major names such as Shell, Nestlé, Apple, Amazon, Microsoft, Facebook, Nvidia, and Alphabet, Google’s parent company.
It holds 1.5% of all global shares.
The fund also invests in bonds and real estate.
