$49.5 Billion in U.S. Treasury? For These Billionaires, That’s Nothing

The Treasury Department’s cash balance fell to just under $49.5 billion on Wednesday, the same as the U.S proceeded to run Out of cash to pay your bills.

That was significantly less than the $316 billion the department had in operating cash. Held at the Federal Reserve Bank of New York, at the beginning of the month.

How empty is the treasury cash kafir? For comparison, that equates to $49.5 billion. GDP Less than the combined net worth of Azerbaijan and Tunisia and two dozen of the world’s richest people. Of course, most of these billionaires’ assets are tied up in stocks rather than liquid assets.

Here’s a list of people who have a net worth greater than the U.S. Cash Reserve, according to Bloomberg News’ Billionaire Index As of Thursday. (Under the news agency’s editorial policy, its billionaire owner, Michael Bloomberg, is not considered for the index. Forbes, however, Estimates its net worth. at $94.5 billion.).

  • Bernard Arnault, chief executive of luxury group LVMH: $189 billion

  • Elon Musk, chief executive of SpaceX, Tesla and Twitter: $179 billion

  • Jeff Bezos, founder and chief executive of Amazon: $139 billion

  • Bill Gates, co-founder of Microsoft: $125 billion

  • Larry Ellison, co-founder and executive chairman of Oracle: $116 billion

  • Steve Ballmer, investor and former Microsoft chief executive: $113 billion

  • Larry Page, Google co-founder: $112 billion

  • Warren Buffett, investor: $111 billion

  • Sergey Brin, co-founder of Google: $106 billion

  • Mark Zuckerberg, Facebook co-founder and chief executive: $92.3 billion

  • Carlos Slim, investor: $90.3 billion

  • Françoise Bettencourt Meyers, heir to the L’Oréal fortune and company board member: $87.2 billion

  • Mukesh Ambani, chairman of energy group Reliance Industries: $83.7 billion

  • Amancio Ortega, founder of Inditex fashion group: $67.1 billion

  • Jim Walton, heir to the Wal-Mart fortune: $66.6 billion

  • Rob Walton, heir to the Wal-Mart fortune: $64.9 billion

  • Alice Walton, heiress to the Wal-Mart fortune: $63.8 billion

  • Gautam Adani, founder and chairman of the Adani Group: $63.4 billion

  • Jacqueline Mars, heiress and co-owner of the Mars candy company: $61.7 billion

  • John Mars, Mars heir and chairman: $61.7 billion

  • Zhong Shanshan, founder and chairman of bottled water company Nongfu Spring: $61.6 billion

  • Julia Flesher Koch and family, heirs of businessman David Koch: $60.6 billion

  • Charles Koch, chief executive of industrial group Koch Industries: $60.4 billion

  • Michael Dell, chief executive and chairman of Dell Technologies: $53.4 billion

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *