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Fortune
Fortune
Eleanor Pringle

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

Photo of Nicolai Tangen (Credit: Chris Ratcliffe—Bloomberg/Getty Images)

Norway’s “trillion-dollar man” believes America’s attitude toward failure is helping propel the nation ahead of its European counterparts—where workers may have a better work-life balance but aren’t as ambitious.

Nicolai Tangen leads Nordic behemoth Norges Bank Investment Management, which governs the revenue earned by Norway’s oil and gas resources, with the aim of ensuring its benefits are distributed fairly between current and future Norwegian generations.

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