$49.5 Billion in U.S. Treasury? For These Billionaires, Thats Nothing

The Treasury Department’s cash balance fell to just under $49.5 billion on Wednesday, as the United States inched toward running out of cash to pay its bills.That was significantly lower than the $316 billion the department had in operating cash, which is held at the Federal Reserve Bank of New York, at the start of the month.Just how empty is the Treasury cash coffer? For comparison, $49.5 billion is on par with the gross domestic product of Azerbaijan and Tunisia and lower than the net worth of the two dozen wealthiest people in the world.Of course, much of the assets of those billionaires are tied up in stocks, rather than liquid assets.Here is a list of people with higher net worths than the U.S.

cash reserves, according to Bloomberg News’s Billionaire Index as of Thursday.(Under the news agency’s editorial policy, its billionaire owner, Michael Bloomberg, is not considered for the index.

Forbes, though, estimates his net worth at $94.5 billion.)Bernard Arnault, chief executive of the luxury group LVMH: $189 billionElon Musk, chief executive of SpaceX, Tesla and Twitter: $179 billionJeff Bezos, founder and chief executive of Amazon: $139 billionBill Gates, co-founder of Microsoft: $125 billionLarry Ellison, co-founder and executive chairman of Oracle: $116 billionSteve Ballmer, investor and former chief executive of Microsoft: $113 billionLarry Page, co-founder of Google: $112 billionWarren Buffett, investor: $111 billionSergey Brin, co-founder of Google: $106 billionMark Zuckerberg, co-founder and chief executive of Facebook: $92.3 billionCarlos Slim, investor: $90.3 billionFrançoise Bettencourt Meyers, heir to the L’Oréal fortune and company board member: $87.2 billionMukesh Ambani, chairman of the energy group Reliance Industries: $83.7 billionAmancio Ortega, founder of the Inditex fashion group: $67.1 billionJim Walton, heir to the Wal-Mart fortune: $66.6 billionRob Walton, heir to the Wal-Mart fortune: $64.9 billionAlice Walton, heir to the Wal-...

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Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by PaprClips.
Publisher: The New York Times

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