According to The Hill, the fortune of the two wealthiest billionaires, Elon Musk and Jeff Bezos, has exceeded the amount of money that the Treasury currently has.
To avoid a default, which an unsettled debt ceiling issue could have caused, the US Treasury Department has allocated $49.47 billion. The department supposes that this amount is enough to meet the government's obligations on the national debt. Meanwhile, the number of billionaires whose net worth surpasses $49.47 billion rose to 25. US leading entrepreneurs Elon Musk and Jeff Bezos are also on the list. Their fortune is estimated at $179 billion and $139 billion respectively.
Notably, Elon Musk, a founder of Tesla and SpaceX, is ranked second among the world’s richest people. According to the Bloomberg Billionaire Index, the third place goes to Jeff Bezos, the founder of Amazon. The first place is occupied by French billionaire and LVMH CEO Bernard Arnault. His wealth is seen at $189 billion.
Microsoft co-founder Bill Gates is next on the list with a net worth of $125 billion. Then, Google co-founder Larry Page goes. His fortune is estimated at $112 billion. Curiously, Michael Bloomberg, the founder of the outlet, is left off the list. His wealth is $94.5 billion.
Notably, last week, speaker of the House of Representatives Kevin McCarthy warned about an inevitable default in the country if the government failed to settle the debt ceiling issue. The congressman supposes that President Joe Biden is responsible for the situation.
Earlier, the US Treasury specified the date of a possible default. However, the final deadline was provided by US Treasury Secretary Janet Yellen. She said that the government would run out of money by June 5. Initially, a default was expected on June 1.
