In Norway, everyone is now a millionaire, thanks to oil

Thursday, January 9, 2014 - 14:31 in Mathematics & Economics

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.

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