New Mexico sovereign wealth fund hits $66 billion

Back in August we noted that the value of New Mexico’s sovereign wealth funds had risen from $58 billion at the start of 2025 to $64 billion by mid August. On October 12, 2025 the Albuquerque Journal again updated the worth of these funds to note that they total $66 billion. If you are counting at home that means the investment funds owned by the State of New Mexico have grown by $8 billion in value over the first 10.5 months of 2025 thanks to continued oil and gas growth as well as investments.

According to Rob Black of the NM Economic Development Department, ““You can look at Singapore, Saudi Arabia, Abu Dhabi and now, New Mexico, that are deploying a sovereign wealth fund aligned with strategic economic development.” We took a closer look at these countries’ economies and were rather surprised to see how low Saudi Arabia’s incomes are.

Regardless, New Mexico doesn’t need to hoard so much money. While growth in the sovereign wealth fund isn’t a bad thing. The State’s sovereign wealth fund is up 13.7% in less than a year. On the other hand it has obviously not done much to generate prosperity for average New Mexicans under the current Administration. It is time to us use those dollars to truly benefit New Mexicans.

Abu Dhabi’s per capita income was around $84,900 (2023),

Singapore’s Gross Domestic Product (GDP) per capita for 2023 was approximately $84,734;

New Mexico’s 2023 Real GDP per capita was $49,879

Shockingly, Saudi Arabia’s GDP per capita in 2023 was just $32,529