Here is a list of people with higher net worths than the U.S. cash reserves, according to Bloomberg News’ Billionaire Index. $38.8 billion in U.S. Treasury? For these billionaires, that's nothing:
The Treasury Department building in Washington, D.C., May 22, 2023.
WASHINGTON — 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’ Billionaire Index as of Thursday.
— Klaus-Michael Kühne, honorary chair and majority owner of transport company Kuehne+Nagel: $40.9 billionAdvertisement
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