Nicolai Tangen

Nicolai Tangen

Nicolai Tangen (born 10 August 1966) is a Norwegian hedge fund manager and philanthropist. He is credited with holding the biggest private collection of modernist Nordic art in the world.Tangen has actively funded initiatives within arts and education through the AKO Foundation, which he established in 2013. This enables him to trade his income tax for tax relief, by gifting large sums to his own foundation.In 2019, he was placed 6th in The Sunday Times Giving List, which ranks philanthropists from the UK based upon the proportion of personal wealth that they have given away each year.The Sunday Times Rich List in 2020 estimated Tangen's net worth at £550 million, an increase of £50 million from the previous year.In 2020, his appointment as the chief executive officer (CEO) at Norges Bank Investment Management, responsible for managing the Norwegian Sovereign Wealth Fund (Statens Pensjonsfond Utland) proved extremely controversial with some sources describing it as “the biggest crisis in the fund’s 24-year history.”

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