Nipate

Forum => Kenya Discussion => Topic started by: RVtitem on September 12, 2017, 09:59:22 PM

Title: World's largest wealth fund in Norway reaches record $1tn
Post by: RVtitem on September 12, 2017, 09:59:22 PM

The world’s largest sovereign wealth fund in Norway hit $1 trillion for the first time on Tuesday.

https://www.rt.com/business/403047-norway-wealth-fund-record/

Title: Re: World's largest wealth fund in Norway reaches record $1tn
Post by: RV Pundit on September 13, 2017, 07:53:47 AM

woah  - what is the intention with all that money.

Title: Re: World's largest wealth fund in Norway reaches record $1tn
Post by: yulemsee on September 13, 2017, 10:47:10 AM

Quote from: RV Pundit on September 13, 2017, 07:53:47 AM

woah  - what is the intention with all that money.

Saving oil earnings of today for the future. UAE, Saudi Arabia and Qatar also have very serious funds
China also has a similar sovereign wealth fund, it comes from intentionally keeping their currency low

Title: Re: World's largest wealth fund in Norway reaches record $1tn
Post by: RVtitem on September 13, 2017, 11:49:45 AM

Per capita USD 185,000 i.e KES 18,500,000 per head.

I doubt Arab wealth fund comes close as they seem to squander a lot on luxuries.

Title: Re: World's largest wealth fund in Norway reaches record $1tn
Post by: Nefertiti on September 13, 2017, 12:59:41 PM

Quote from: RVtitem on September 13, 2017, 11:49:45 AM

Per capita USD 185,000 i.e KES 18,500,000 per head.

I doubt Arab wealth fund comes close as they seem to squander a lot on luxuries.

Qatar's 170B USD sovereign fund comes to 543K USD per capita... Am sure the Bruneis, Luxembourgs, Bermudas have very high per capitas... stashed abroad so they can survive hurricanes or foreign invasions.