Comment by alexitorg

I am not sure that comparing only sovereign wealth funds per capita tells the whole story. For instance Australia has a lot more private wealth saved up than Norway. At a lower GINI coefficient as well! I am also not sure that the major resource exports like iron ore and coal have the same ability to extract cartel rent extraction of oil, which is a lot more concentrated in the world. https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe... Wealth per capita $USD 2021: Country Median Mean Australia 238k 484k Norway 118k 276k The Australian compulsory super-annuation scheme has made Australian long term pension sustainability much better than the rest of the world. How much of the wealth that could have gone into a sovereign fund has gone into private savings instead? I don't know if Norway or Australia did better.