The Norwegian oil fund is growing rapidly. The fund's assets exceeded 20,000 billion Norwegian kronor for the first time on Friday.
Thus, the fund, the world's largest owner of listed companies, has increased by 1,000 billion kronor in two months, reports NRK.
The fund was officially established in 1990, but the first money – 1.6 billion kronor – was invested as early as 1996. By 2019, the assets had grown to 10,000 billion Norwegian kronor.
The majority of the value, 71 percent, consists of shares in nearly 9,000 companies.
