Politics|$49.5 Billion successful U.S. Treasury? For These Billionaires, That’s Nothing
The currency equilibrium astatine the Treasury Department is present little than the nett worthy of immoderate of the world’s richest people.
May 26, 2023, 2:46 p.m. ET
The Treasury Department’s currency equilibrium fell to conscionable nether $49.5 cardinal connected Wednesday, arsenic the United States inched toward running retired of currency to wage its bills.
That was importantly little than the $316 cardinal the section had successful operating cash, which is held astatine the Federal Reserve Bank of New York, astatine the commencement of the month.
Just however bare is the Treasury currency coffer? For comparison, $49.5 cardinal is connected par with the gross home product of Azerbaijan and Tunisia and little than the nett worthy of the 2 twelve wealthiest radical successful the world. Of course, overmuch of the assets of those billionaires are tied up successful stocks, alternatively than liquid assets.
Here is simply a database of radical with higher nett worths than the U.S. currency reserves, according to Bloomberg News’s Billionaire Index arsenic of Thursday. (Under the quality agency’s editorial policy, its billionaire owner, Michael Bloomberg, is not considered for the index. Forbes, though, estimates his nett worth astatine $94.5 billion.)
Bernard Arnault, main enforcement of the luxury radical LVMH: $189 billion
Elon Musk, main enforcement of SpaceX, Tesla and Twitter: $179 billion
Jeff Bezos, laminitis and main enforcement of Amazon: $139 billion
Bill Gates, co-founder of Microsoft: $125 billion
Larry Ellison, co-founder and enforcement president of Oracle: $116 billion
Steve Ballmer, capitalist and erstwhile main enforcement of Microsoft: $113 billion
Larry Page, co-founder of Google: $112 billion
Warren Buffett, investor: $111 billion
Sergey Brin, co-founder of Google: $106 billion
Mark Zuckerberg, co-founder and main enforcement of Facebook: $92.3 billion
Carlos Slim, investor: $90.3 billion
Françoise Bettencourt Meyers, heir to the L’Oréal luck and institution committee member: $87.2 billion
Mukesh Ambani, president of the vigor radical Reliance Industries: $83.7 billion
Amancio Ortega, laminitis of the Inditex manner 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, heir to the Wal-Mart fortune: $63.8 billion
Gautam Adani, laminitis and president of the Adani Group conglomerate: $63.4 billion
Jacqueline Mars, heir to and co-owner of the candy shaper Mars: $61.7 billion
John Mars, heir to and president of Mars: $61.7 billion
Zhong Shanshan, laminitis and president of the bottled-water institution Nongfu Spring: $61.6 billion
Julia Flesher Koch and family, heirs of the businessman David Koch: $60.6 billion
Charles Koch, main enforcement of the concern conglomerate Koch Industries: $60.4 billion
Michael Dell, main enforcement and president of Dell Technologies: $53.4 billion
Linda Qiu is simply a fact-check reporter, based successful Washington. She came to The Times successful 2017 from the fact-checking work PolitiFact. @ylindaqiu