The Treasury Department’s cash balance fell to just under $49.5 billion on Wednesday as the U.S. is running short of the cash it needs to pay its bills.
This is well below the division’s operating cash of $316 billion. held at the Federal Reserve Bank of New York, at the beginning of the month.
How empty are the Treasury cash vaults?By the way, $49.5 billion is GDP The net worths of Azerbaijan and Tunisia are lower than the net worths of the world’s 20 richest people. Of course, many of these billionaires’ assets are tied to stocks rather than liquidity.
Here is a list of people with net worths higher than the US cash reserves. Bloomberg News Billionaire Index As of Thursday. (The news agency’s editorial policy excludes the news agency’s billionaire owner, Michael Bloomberg, from the index. However, Forbes estimate his net worth $94.5 billion).
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Bernard Arnault, CEO of luxury goods group LVMH: $189 billion
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Elon Musk, CEO of SpaceX, Tesla and Twitter: $179 billion
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Jeff Bezos, Amazon Founder and CEO: $139 billion
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Bill Gates, Microsoft co-founder: $125 billion
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Larry Ellison, co-founder and executive chairman of Oracle: $116 billion
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Steve Ballmer, investor, former Microsoft CEO: $113 billion
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Larry Page, Google co-founder: $112 billion
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Warren Buffett, Investors: $111 billion
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Sergey Brin, co-founder of Google: $106 billion
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Mark Zuckerberg, Facebook co-founder and CEO: $92.3 billion
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Carlos Slim, Investors: $90.3 billion
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Françoise Bettencourt-Meyers, Heiress to the L’Oreal Estate, Director of the Company: $87.2 billion
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Mukesh Ambani, chairman of energy group Reliance Industries: $83.7 billion
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Inditex Fashion Group founder Amancio Ortega: $67.1 billion
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Jim Walton, Walmart heiress: $66.6 billion
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Rob Walton, Walmart heiress: $64.9 billion
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Alice Walton, Walmart heiress: $63.8 billion
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Gautam Adani, founder and chairman of conglomerate Adani Group: $63.4 billion
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Jacqueline Mars, heiress and co-owner of candy maker Mars: $61.7 billion
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John Mars, successor and chairman of Mars: $61.7 billion
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Zhong Sanshan, founder and chairman of bottled water company Nonghu Spring: $61.6 billion
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Julia Flesher Koch and heiress family of businessman David Koch: $60.6 billion
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Charles Koch, CEO of conglomerate Koch Industries: $60.4 billion
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Michael Dell, CEO and Chairman, Dell Technologies: $53.4 billion
