In Norway, Everyone is Now a Millionaire, Thanks to Oil

By Alister Doyle

Everyone in Norway became a theoretical millionaire on Wednesday in a milestone for the world’s biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices.

A preliminary counter on the website of the central bank, which manages the fund, rose to 5.11 trillion crowns ($828.66 billion), fractionally more than a million times Norway’s most recent official population estimate of 5,096,300.

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Wikipedia on Norway

The World Factbook – Norway