According to the Bloomberg Billionaires Index, the world’s 31 richest billionaires each have more money in their accounts than the $38.8 billion left in the US government. The American news channel CNN writes about this.
Meanwhile, the level of the US treasury has dropped to such a low level that tens of billionaires are each worth more than the US government. According to CNN, fashion mogul Bernard Arnault has an estimated fortune of $193 billion, no less than five times more than the US treasury. Tesla billionaire Elon Musk is worth $185 billion and Amazon founder Jeff Bezos has $144 billion in his account.
View of a way out
According to the latest information, on May 25, after the closure of all stock markets, US liquidity amounted to only $38.8 billion. That’s less than $200 billion earlier this month and close to the $30 billion low.
An agreement in principle has now been reached between Republicans and Democrats to suspend the US debt ceiling until January 1, 2025. The US House of Representatives and Senate are expected to consider the deal this week.
Source: BNR
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
