Abu Dhabi Tops Global Wealth Ranking by Sovereign Wealth Funds, Managing $ 1.7 trillion

A newly released report from Global SWF on October 8, 2024, revealed that Abu Dhabi holds the title of the richest city globally in terms of sovereign wealth fund (SWF) assets, managing a staggering $1.7 trillion. The ranking, based on data and analysis from industry experts, highlighted the significant capital under the management of various entities in Abu Dhabi, including ADIA, Mubadala, ADIC, ADQ, Lunate, ADFD, Tawazun, and EIA.

Abu Dhabi is closely followed by Oslo, which hosts NBIM, the world’s largest sovereign wealth fund. Beijing, Singapore, Riyadh, and Hong Kong also made the list as major global financial hubs. Together, these six cities control two-thirds of the total wealth held by SWFs, amounting to approximately $12.5 trillion.

Over the years, Abu Dhabi, often referred to as the “Capital of Capital,” has cultivated an impressive range of institutional investors, including sovereign wealth funds, central banks, public pension funds, and family offices tied to the royal family. Collectively, these institutions contribute to the emirate’s public capital, which is estimated at $2.3 trillion today. Projections suggest this figure could rise to $3.4 trillion by 2030.

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