Logo of Public Investment Fund
The Public Investment Fund (PIF) remained in the sixth position among the world’s largest sovereign wealth funds (SWFs) in 2022 with a net worth of $650 billion, compared to $607.42 billion a year earlier, recent data from SWF Institute showed.
The Kingdom’s sovereign wealth fund aims to double its assets to over SAR 4 trillion ($1.07 trillion) by 2025.
Crown Prince Mohammed bin Salman earlier said that the PIF targets to grow its assets to SAR 10 trillion by 2030 ($2.7 trillion).
Norway’s Government Pension Fund Global ranked first with $1.35 trillion assets, followed by China Investment Corp.
The aggregate assets of the world’s SWFs hit $10.47 trillion, up from $10.30 trillion a year earlier.
The following table shows the world’s top 10 sovereign wealth funds:
|
World’s Largest Sovereign Wealth Funds |
|||||
|
Ranking |
Fund |
Country |
Assets ($ bln) 2022-end |
Assets ($ bln) 2022-end |
Change |
|
1 |
Government Pension Fund - global |
Norway |
1136.14 |
1350.87 |
214.72 |
|
2 |
China Investment Corp. |
China |
1350.86 |
1350.86 |
-- |
|
3 |
Abu Dhabi Investment Authority |
UAE |
790.00 |
790.00 |
-- |
|
4 |
Kuwait Investment Authority |
Kuwait |
750.00 |
750.00 |
-- |
|
5 |
GIC Private Limited |
Singapore |
690.00 |
690.00 |
-- |
|
6 |
Public Investment Fund |
Saudi Arabia |
607.42 |
650.00 |
42.58 |
|
7 |
Hong Kong Monetary Authority Investment Portfolio |
China |
588.90 |
514.22 |
(74.68) |
|
8 |
Temasek Holdings |
Singapore |
496.59 |
496.59 |
-- |
|
9 |
Qatar Investment Authority |
Qatar |
461.00 |
475.00 |
14.00 |
|
10 |
National Council for Social Security Fund |
China |
447.36 |
473.80 |
26.44 |
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