Logo of Public Investment Fund (PIF)
The Public Investment Fund (PIF) ranked fifth among the world’s largest sovereign wealth funds (SWFs), after its net assets amounted to $1.15 trillion, recent data from the SWF Institute showed. 
PIF’s assets rose by $226 billion from $925 billion by the end of December 2024.
Norway’s Government Pension Fund Global took the first spot with $2.04 trillion assets, followed by China’s SAFE Investment Company.
World’s Top 10 Sovereign Wealth Funds ($bln)
Ranking
Fund
Country
Assets in Dec. 2024
Assetsin Dec. 2025
Change
1
Government Pension Fund – global
Norway
1.796
2.048
252
2
SAFE Investment Company
China
1.090
1.694
604
3
China Investment Corporation
China
1.350
1.567
217
4
Abu Dhabi Investment Authority
UAE
1.058
1.187
129
5
Public Investment Fund
Saudi Arabia
925
1.151
226
6
Kuwait Investment Authority
Kuwait
980
1.002
22
7
GIC Private Limited
Singapore
800
936
136
8
Qatar Investment Authority
Qatar
526
580
54
9
Investment Corporation of Dubai
UAE
—
429
—
10
Turkey Wealth Fund
Turkey
—
360
—
Logo of Public Investment Fund (PIF)
The Public Investment Fund (PIF) ranked fifth among the world’s largest sovereign wealth funds (SWFs), after its net assets amounted to $1.15 trillion, recent data from the SWF Institute showed.
PIF’s assets rose by $226 billion from $925 billion by the end of December 2024.
Norway’s Government Pension Fund Global took the first spot with $2.04 trillion assets, followed by China’s SAFE Investment Company.
World’s Top 10 Sovereign Wealth Funds ($bln)
Ranking
Fund
Country
Assets in Dec. 2024
Assetsin Dec. 2025
Change
1
Government Pension Fund – global
Norway
1.796
2.048
252
2
SAFE Investment Company
China
1.090
1.694
604
3
China Investment Corporation
China
1.350
1.567
217
4
Abu Dhabi Investment Authority
UAE
1.058
1.187
129
5
Public Investment Fund
Saudi Arabia
925
1.151
226
6
Kuwait Investment Authority
Kuwait
980
1.002
22
7
GIC Private Limited
Singapore
800
936
136
8
Qatar Investment Authority
Qatar
526
580
54
9
Investment Corporation of Dubai
UAE
—
429
—
10
Turkey Wealth Fund
Turkey
—
360
—
