Kuwait ranked as the seventh richest country in the world in terms of sovereign wealth funds with a wealth of $978 billion according to the "Global SWF" classification.
This came after "Global SWF" issued a new global classification of countries in terms of capital managed by sovereign wealth funds, in which Abu Dhabi came in first place as the richest city in the world in terms of sovereign wealth funds, managing $1.67 trillion until October 2024.
This number includes assets managed by prominent entities such as the Abu Dhabi Investment Authority, Mubadala, Abu Dhabi Investment and Development Authority, Holding, Abu Dhabi Fund for Development, Tawazun, and the Emirates Investment Company.
Oslo came in second with a wealth estimated at $1.66 trillion, while Beijing came in third with $1.34 trillion in capital managed by sovereign wealth funds, while Singapore came in fourth with $1.13 trillion.
The Saudi capital, Riyadh, came in fifth with $1.11 trillion in capital managed by sovereign wealth funds, and Hong Kong came in sixth with $1.1 trillion in capital managed.
These six cities represent two-thirds of the wealth managed by sovereign wealth funds globally, or about $12.5 trillion.
