‘Crying Wolf’: Norway’s Sovereign Wealth Fund CEO Issues Dire Warning After Record Profit
Nicolai Tangen said the $2.3 trillion fund could fall 40% to 50% in a crash driven by AI stocks, debt crises or climate shocks.
4 Articles
4 Articles
‘Crying Wolf’: Norway’s Sovereign Wealth Fund CEO Issues Dire Warning After Record Profit
And now, we bring you a message in Norse code. The world’s largest sovereign wealth fund, Norway’s $2.3 trillion Oil Fund, reported last week a record $184.3 billion profit in the first half of 2026, anchored by technology stocks at the heart of the AI boom. CEO Nicolai Tangen celebrated by warning the public that the Fund could one day be worth nothing, invoking nuclear war, biological weapons attacks and a catastrophic stock market collapse. T…
Norway Oil Fund CEO Says He’s More Nervous After Record Returns
Norway’s sovereign fund has issued an uncomfortable warning: the AI stock bubble may explode. I have read in detail the statements of Nicolai Tangen, CEO of the Government Pension Fund Global, and the message is strong. The fund manages $2.4 trillion (€2.07 trillion) and accumulated in the first half of 2026 a record profit of 1,753 billion Norwegian crowns, about 161 billion euros. The same technology that has driven those profits is now its ma…
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