Norway\\\'s oil Fund makes everyone a millionaire

Norway's huge sovereign wealth fund, the world's largest, reported last year the second best performance of its history, the country's central bank said Friday, virtually making every Norwegian a millionaire. The so-called oil fund is fed by the state's oil revenues and invested outside the country to prevent an overheating of the national economy.
Started in the 1990s, it had a 15.9 percent financial return, or 692 billion kroner (83.5 billion euros, $115 billion) in 2013 helped by a 26.3-percent rise in profits from share investments, which represent 61.7 percent of its portfolio. Its value at the end of 2013 amounted to 5,04 billion kroner, almost making all of Norway's 5.1 million residents millionaires in the local currency, at least on paper, according to AFP.