Swelling oil fund makes every Norwegian a 'millionaire'
OSLO (AFP) - A bumper 2013 for Norway's sovereign wealth fund, which invests surplus oil revenue, has made every Norwegian a virtual millionaire in kroner.
After posting its second best year, Norway's so-called "oil fund" - the world's largest - signalled a shift away from fossil fuels, notably over environmental concerns.
The fund's market value rose US$200 billion last year to top 5 trillion kroner, according to figures released by the central bank on Friday.
That almost makes every single one of the Nordic country's 5.1 million inhabitants a millionaire in the local currency (S$211,300), at least on paper.