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fridiAll Norwegians become millionaires as oil fund balloons
"Everyone in Norway became a theoretical krone millionaire on Wednesday in a milestone for the world's biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices. Set up in 1990, the fund owns around 1 percent of the world's stocks, as well as bonds and real estate from London to Boston, making the Nordic nation an exception when others are struggling under a mountain of debts."
Like in any real-world situation, there are caveats of course...
"Everyone in Norway became a theoretical krone millionaire on Wednesday in a milestone for the world's biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices. Set up in 1990, the fund owns around 1 percent of the world's stocks, as well as bonds and real estate from London to Boston, making the Nordic nation an exception when others are struggling under a mountain of debts."
Like in any real-world situation, there are caveats of course...
