Lots of countries have so much oil and gas wealth that they don't know to do with it.
Some U.S. states do too.
So they put it into a sovereign wealth fund — basically a giant, actively-managed investment portfolio.
Here's a map of every sovereign wealth fund in the world, via the Sovereign Wealth Fund Institute (red=oil and gas, blue=not, although we think there's some overlap).
SWFInstitute
Here is what stood out to us:
Most people know about Alaska's oil fund. But did you know Alabama, Louisiana, New Mexico, North Dakota, Texas and Wyoming also have SWFs? New Mexico's is valued at $16.3, larger than Chile's Social and Economic Stabilization fund. Most of these are from oil and gas royalties, although some, like New Mexico, have quirkier origins like a massive tobacco company settlement.Norway's fund, worth $737 billion and the world's largest, is larger than every fund in Africa and Europe (including Russia's two funds worth $187 billion) combined.The tiny island of Kiribati, a few hundred miles south of Hawaii, has its own fund (it's worth $600 million).But you gotta see the whole interactive thing to learn more (click here).
SEE ALSO: Maps That Explain The World
To embed this post, copy the code below and paste into your website or blog.600px wide (preview)400px wide (preview) 300px wide (preview) Alerts Newsletter URL Recommended For You These Maps Prove Americans Speak Totally Different Versions Of The English Language These Maps Prove Americans Speak Totally Different Versions Of The English Language More: Sovereign Wealth Funds Maps Get Alerts for these topics » Rob Wile $('.icon-tooltip').tooltip(); Here's What Happened In The Complex Commodity Trade At The End Of 'Trading Places' Advertisement:Join The Discussion OR Login With Facebook Login With Twitter Login With Google Submit the comment for Insider Status Comments Insiders0All Comments0 Apply To Be An "Insider" » Loading Map Of Every Sovereign Wealth Fund In The World Reveals Trusts In Our Own Backyard We Didn't Know Existed Map Of Every Sovereign Wealth Fund In The World Reveals Trusts In Our Own Backyard We Didn't Know ExistedDid you know Alabama has one?
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