What would you do with USD1.7 trillion?

Combine the Gulf funds’ new, tougher tactics with their staggering wealth and relative inexperience managing companies, and you have the potential for trouble. Six Gulf states—Abu Dhabi, Dubai, Kuwait, Oman, Qatar, and Saudi Arabia—account for nearly half of the world’s sovereign wealth fund assets. They control some $1.7 trillion, as much as all of the hedge funds in the world and more than the $1 trillion private equity industry—and Morgan Stanley predicts the total will grow by about $400 billion annually over the next several years. There’s even talk that Saudi Arabia may soon unleash a new $500 billion-plus fund. Bankers estimate that Gulf funds earned about $180 billion from their sovereign wealth fund investments in 2007—more than half of the $315 billion they collected in oil and gas revenues.



1 Response to “What would you do with USD1.7 trillion?”

  1. 1 Chester's Home Remedies January 17, 2008 at 3:46 am

    I would use the money to make highly-efficient cars and heavy trucks and give them away. I cannot stand the current flawed hybrids that cause as much damage as good, and hate seeing the more efficient cars price putting them out of the hands of the masses. BTW, I’d also buy an island.

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