Largest sovereign fund in the world reports a $222 billion annual profit thanks to tech rally

Norway’s gigantic sovereign wealth fund posted a full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday 28th January 2025.

Norges Bank Investment Management, which manages the fund, said the returns were driven by the AI boom that drove tech stocks higher in 2024.

The fund’s return on investment came in at 13% for the year.