A significant economic milestone was passed by the small European nation of Norway two years ago. In January 2014, the central bank’s sovereign wealth fund exceeded NKr5.1 trillion (some $828 billion) for the first time. That made each person in Norway’s 5.1 million population a Krone millionaire. On paper, at least.
Held in reserve for future generations, the fund has increased in value at exponential rates since the country struck North Sea oil in 1969
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