How many millionaires are there in Norway?
| Country or subnational area | Number of millionaires (USD) | Percentage of millionaires (USD) (% of adult population) |
|---|---|---|
| Norway * | 176,630 | 4.2 |
| Indonesia * | 171,740 | 0.1 |
| United Arab Emirates * | 168,546 | 2.1 |
| Israel * | 164,899 | 2.9 |
OSLO (Reuters) - Everyone in Norway became a theoretical crown millionaire on Wednesday in a milestone for the world's biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices.
This year's report shows that all of Norway's 400 richest people are billionaires in Norwegian kroner. In fact, the magazine calculated that there are 407 Norwegians worth more than one billion kroner.
Countries with the highest millionaire rate in 2020
Switzerland was the country with the highest rate of millionaires worldwide in 2020, with almost 15 percent of the adult population owning assets worth more than one million U.S. dollars.
| Rank | Country/Territory | Number of billionaires per million people |
|---|---|---|
| 27 | Norway | 2.226 |
| 28 | Austria | 1.007 |
| Netherlands | 0.626 | |
| 30 | Czech Republic | 0.747 |
Gustav Magnar Witzøe was the richest Norwegian in 2019, with a fortune of roughly 20.1 billion Norwegian kroner. The second wealthiest individual was Kjell Inge Røkke, with a fortune of roughly 19.4 billion Norwegian kroner.
The west is where established Norwegian families, the wealthy and most expats live, especially diplomats. Neighbourhoods in the west include Marienlyst, Majorstuen, Frogner, Bygdøy, Torshov, Ullevål-Hageby, Sankt Hanshaugen, Vinderen and Kjelsås.
Norway is currently the sixth richest country in the world when measured by GDP per capita. Norway's GDP per capita is around $69,000, according to IMF estimates. Neighbour's and Sweden and Denmark both make the top 20 with GDP's of around $55,000 and $61,000 respectively.
In terms of GDP, Sweden is richer because its GDP in 2020 was the equivalent of $US 537.61 billion as opposed to Norway's, which was $US 362.01 billion.
“Norway is rich today because of the well-educated labour force, productive public and private sectors, and rich natural resources. In addition to this, Norway can buy goods at low prices from the international markets, such as garments, and sell goods at high prices, such as salmon,” Professor Mehlum explains.
What percentage of Norwegians are millionaires?
| Country or subnational area | Number of millionaires (USD) | Percentage of millionaires (USD) (% of adult population) |
|---|---|---|
| Norway * | 176,630 | 4.2 |
| Indonesia * | 171,740 | 0.1 |
| United Arab Emirates * | 168,546 | 2.1 |
| Israel * | 164,899 | 2.9 |
“Norway is rich today because of the well-educated labour force, productive public and private sectors, and rich natural resources. In addition to this, Norway can buy goods at low prices from the international markets, such as garments, and sell goods at high prices, such as salmon,” Professor Mehlum explains.
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Government Pension Fund of Norway.
| Type | Government-owned |
|---|---|
| Founded | 1967 1990 |
| Headquarters | Oslo, Norway |
| Owner | Government of Norway |
