Norway wealth fund manager says fund collapse not impossible.
“No country in history has managed to maintain such a vast fortune over the long term. Fortunes always end up disappearing,”
Nicolai Tangen is the chief executive officer of Norges Bank Investment Management, the operator of Norway's $2.9 trillion sovereign wealth fund – the largest in the world.
“Can the oil fund disappear? The answer is yes. And the worst thing is that in the world we live in today, it’s not totally improbable,” he said in a speech in Arendal, a town in southern Norway where the country’s elite is gathered this week.
Invested in equities, bonds and properties across the world, the Norwegian fund is designed to be a long-term undertaking and to benefit future generations.
Posted Aug 12, 2026, 8:16 PM UTC
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