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Norway's wealth fund now worth $319,900 per citizen

The world’s largest sovereign wealth fund is currently topping $1.7 trillion....

There are some strong contenders for the best financial decisions of all time: franchising a hamburger restaurant in the 1950s; shorting the housing market in 2007; and, despite this week’s slump, buying a bunch of Nvidia stock at its IPO. After an initial investment of 1.98 billion Norwegian Krone (~$175 million), the fund’s value began to compound quickly, as returns from real estate, government bonds, and stocks stacked up. Still, Norway’s big green push (the country is also set to become the first to fully transition to electric vehicles, with EVs accounting for 96% of new cars sold so far this year) being owed to literally trillions of petrodollars doesn’t come without a slick of irony.

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