There are actually many rich people in Norway, even more than in Dubai.
Property billionaire Alexandra Andresen and her sister Katherina Andresen.
Oil Tycoon John Frediksen.
However, their lives are not flashy, meaning they are not rolling in wealth.
In Norway the symbol of wealth is not like this
But like this
Why are rich Norwegians not flashy?
I don't want to exaggerate by saying that Norwegians live frugally and don't waste money, because that's not the reason why rich Norwegians don't have conspicuous wealth.
I didn't include any sources because I was relying solely on logic.
Straight to.
The first reason is geographical location .
Take a look at the Map of Norway.
Norway is the northernmost country in the world.
Norway's geographical position is disadvantageous. Unlike Asia-Pacific or Western Europe, which are the heart of global economic activity, Norway is not.
In the North there are only empty expanses of snow, while in the South, Norway is isolated from the European continent.
That's why in the past Norway could not compete with other European empires in carrying out colonialism.
In the Arctic region or the northern part of Norway there are only views like this.
Not all areas of Norway can be inhabited or at least built into residential areas because Norway's location directly facing the Arctic in the North makes the Norwegian climate unfriendly.
The lives of the Norwegian people can be said to be unlucky because they have to be able to survive in the face of a harsh climate.
With a harsh climate and unfavorable geographical location, the Norwegian people have to think hard to survive the harsh nature, so that in the end the Norwegian people have a high work ethic and are taught to live with gratitude.
Nature Forces Norwegians and Scandinavians to Live with Gratitude.
It seems that there is not enough reason why the wealth of rich Norwegians is not conspicuous.
Okay, there are still several reasons related to Norway's location.
Second Reason TAXES .
Norway and its Scandinavian neighbors have very high taxes.
Rich Norwegians are not conspicuous not because they want to escape taxes but because becoming rich in Norway is very difficult.
In Indonesia alone, becoming rich is very difficult because of the many obstacles, let alone in Norway, which already has many obstacles and the amount of taxes is not small.
Indonesian conglomerates may be struggling with taxes in Norway and its neighbors.
Despite the high taxes in Norway, it also has a positive impact on the lives of the Norwegian people, where Norway is able to carry out economic equality such as free public education facilities covered by the state and cheap or even free medical costs.
Because of the difficulty of becoming wealthy in Norway, the conglomerates there have become self-aware and naturally grateful. Therefore, wealthy Norwegians don't want to waste their efforts to become conglomerates in their homeland, such as by spending excessively on luxury goods.
The third reason.
As in answer number 1, Norway is not in a favorable location because it faces the Arctic and lives under
a harsh
climate .
In the 1970s, Norway was overjoyed because it had successfully discovered an oil well in the Arctic Ocean.
With the discovery of oil in the Arctic Sea, Norway has become a country that is on a par with Qatar or Kuwait because it is rich in oil.
The Norwegian royal family became richer due to the discovery of oil.