These Are The Largest Sovereign Wealth Funds In The World

Sovereign wealth funds (SWFs), managed by governments, hold vast amounts of assets, primarily from resource wealth or foreign reserves. The Kuwait Investment Authority, established in 1953, was the first SWF. Norway's fund, the largest, derives its wealth from North Sea oil and gas. China's two largest funds play a significant role in financing the Belt and Road Initiative. Saudi Arabia's Public Investment Fund has made notable investments in Uber, Nintendo, and Heathrow Airport. Despite a $1.8 trillion deficit, the U.S. has established an SWF, though its funding source is uncertain. SWFs have emerged as major investors, holding $13.7 trillion in assets globally. They have a significant presence in emerging markets, particularly in Africa, where Chinese investment surpasses that of Western nations. The top 10 largest SWFs collectively manage over $9.6 trillion in assets. SWFs play a crucial role in economic diversification and long-term investment strategies for resource-rich countries.