# Jens Stoltenberg: How Norway Built the World’s Largest Fund

Page: https://stenobird.com/podcast/in-good-company-with-nicolai-tangen-5384475/jens-stoltenberg-how-norway-built-the-world-s-largest-fund
Text version: https://stenobird.com/podcast/in-good-company-with-nicolai-tangen-5384475/jens-stoltenberg-how-norway-built-the-world-s-largest-fund.md
Podcast: [In Good Company with Nicolai Tangen](https://stenobird.com/podcast/in-good-company-with-nicolai-tangen-5384475)
Published: 2026-06-10T03:00:00+00:00
Episode link: https://shows.acast.com/in-good-company-with-nicolai-tangen/episodes/jens-stoltenberg-how-norway-built-the-worlds-largest-fund
Audio file: https://sphinx.acast.com/p/open/s/622618c7057f3400120d15db/e/6a27d918401089d02da8d1e1/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/in-good-company-with-nicolai-tangen-5384475/episodes/jens-stoltenberg-how-norway-built-the-world-s-largest-fund
Duration seconds: 1708

## Resource

If anyone can tell the story of how Norway built the world's largest sovereign wealth fund, it's Jens Stoltenberg. As the fund marks its 30th anniversary, Nicolai Tangen sits down with Norway's Finance Minister and former NATO Secretary General to trace the decisions that turned oil revenues into $2 trillion in national savings. They discuss why Britain and Norway diverged so dramatically despite producing similar volumes of oil, the thinking behind the spending rule, and the risk of complacency when wealth feels guaranteed. Stoltenberg also explains his reasoning behind suspending the ethics council, the paradox of excluding defence companies Norway itself purchases from, and what he believes will matter most for the fund in the next 30 years. Tune in!   In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday.    The production team for this episode includes Isabelle Karlsson, Halvor Njerve and PLAN-B's Niklas Figenschau Johansen. Background research was conducted by Une Solheim.   Watch the episode on YouTube: Norges Bank Investment Management - YouTube Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no) Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram Hosted on Acast. See acast.com/privacy for more information.

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