Checkout out the list of the world’s largest Sovereign Wealth Funds (SWF) and see where Saudi’s PIF is ranked on the list and the net worth of the Saudi Arabia Public Investment Fund
A sovereign wealth fund is a government-owned investment fund that is made out of money earned by the government, typically from a country’s surplus reserves. SWFs assist both a country’s economy and its residents. An SWF’s funding might come from a variety of sources. Recently, Saudi Arabia’s Public Investment, one of the world’s largest sovereign funds, was associated with WWE as its next owner.
Public Investment Fund (PIF) of Saudi Arabia net worth 2023, value, investments, holdings
#DiriyahProject becomes the fifth PIF giga-project after NEOM, The Red Sea, Qiddiya, and Roshn.
Learn more: https://t.co/eTtdcaPRiR pic.twitter.com/msy2uWrUYg
— Public Investment Fund (@PIF_en) January 9, 2023
However, both party still has not made an official announcement. However, it has generated a fresh buzz among the WWE Universe and has sparked their interest in learning more about Saudi PIF. In this post, we’ll try to learn more about Saudi Arabia’s Public Investment Funds and see where it stands among the world’s largest sovereign funds.
What is Saudi Arabia’s Public Investment Fund?
Saudi Arabia’s Public Investment Fund, or PIF, is the country’s sovereign wealth fund. It is one of the world’s top 10 sovereign wealth funds. Saudi Arabia’s Public Investment Fund was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia. Crown Prince and Prime Minister Mohammed bin Salman have been in control of the wealth fund. The PIF’s assets are valued at more than $600 billion in total.
However, being known as one of the largest wealth funds, Saudi Arabia’s Public Investment Fund is also known as the least transparent sovereign wealth fund in the world and has been part of much criticism and controversies in the past on the control of the crown prince Mohammad bin Salmaan. The PIF has stock in several well-known firms throughout the world, including Facebook, Uber, Liv Golf, New Castle United, and many more.
Here’s the list of the top ten world’s largest sovereign wealth funds
| Rank | Profile | Total Assets | Type | Region |
|---|---|---|---|---|
| 1. | China Investment Corporation | $1,350,863,000,000 | SWF | Asia |
| 2. | Norway Government Pension Fund Global | $1,136,144,193,600 | SWF | Europe |
| 3. | Abu Dhabi Investment Authority | $790,000,000,000 | SWF | Middle East |
| 4. | Kuwait Investment Authority | $750,000,000,000 | SWF | Middle East |
| 5. | GIC Private Limited | $690,000,000,000 | SWF | Asia |
| 6. | Public Investment Fund | $607,418,895,000 | SWF | Middle East |
| 7. | Hong Kong Monetary Authority Investment Portfolio | $588,903,442,872 | SWF | Asia |
| 8. | Temasek Holdings | $496,593,722,700 | SWF | Asia |
| 9. | Qatar Investment Authority | $461,000,000,000 | SWF | Middle East |
| 10. | National Council for Social Security Fund | $447,358,000,000 | SWF | Asia |