Norway, the world's happiest country, now has a new reason to be cheerful - it is now also the richest nation on earth.
The value of the Scandinavian country's sovereign wealth fund has reached an unprecedented $1 trillion after outperforming all initial expectations.
Known locally as the "oil fund", it was established over 20 years ago in order to invest long term revenue from oil extraction and set aside money for future generations.
Measured in US dollars, the fund's value has increased du…
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