State oil fund makes all Norwegians crown millionaires

“While the rest of Europe remains mired in financial crisis, Norway has quietly been amassing a huge fortune which reached 5.11 trillion crowns ($828 billion) on Wednesday.  The new figure is over a million times Norway’s population which totaled 5,096,300 in the third quarter of 2013.  The surplus revenue from Norway’s oil and gas investments around the world is collected in the Government Pension Fund Global.  The fund ballooned in 2013, raking in a total of 288 billion crowns ($46 billion) from around the world.  In spite of the millionaire milestone, Norwegians will not be allowed to access the money which is being saved for a rainy day.”

http://rt.com/news/norwegians-become-crown-millionaires-349/

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