• Fri. Jun 2nd, 2023

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Billionaires Worth More Than the United States’ Cash Balance

The cash balance at the Treasury Department is now lower than the net worth of some of the world’s richest people.

The Treasury Department said its cash balance fell to $38.8 billion as of Thursday, 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, $38.8 billion is on par with the gross domestic product of Bahrain and Paraguay and lower than the net worth of more than two dozen of the 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 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 chief executive 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 chief executive of Facebook: $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 the energy group Reliance Industries: $83.7 billion

  • Amancio Ortega, founder of the 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, heir to the Wal-Mart fortune: $63.8 billion

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

  • Jacqueline Mars, heir to and co-owner of the candy maker Mars: $61.7 billion

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

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

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

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

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

  • Alain Wertheimer, co-owner and chairman of Chanel: $45.9 billion

  • Gérard Wertheimer, co-owner of Chanel: $45.9 billion

  • Giovanni Ferrero, executive chairman of the chocolate and confectionery company Ferrero Group, and family: $43.6 billion

  • Zhang Yiming, founder and chief executive of the technology company ByteDance: $42.3 billion

  • Phil Knight, co-founder of Nike, and family: $41.5 billion

  • Klaus-Michael Kühne, honorary chairman and majority owner of the transport company Kuehne+Nagel: $40.9 billion

  • François Pinault, founder of the luxury group Kering: $39.6 billion