World’s most billionaires who keep “cash”‎

Although the American billionaire Elon Musk topped the list of the richest people on the planet, however, and based on what the rich have in cash, the list will differ completely. ,

According to Al-Arabiya, the founding partner of Microsoft is far from competing for the title of the richest person in the world for a long time, but he has never left the circle of the 6 richest people in the world since its entry, and at that time no one in the world had a wealth exceeding $100 billion

It is known that the methodologies used in determining the value of billionaires’ wealth, whether pursued by “Bloomberg”, “Forbes”, or others, depend on determining the value of each owned asset, whether this asset is listed on an exchange or a private closed company evaluated in different ways.

Thus, the value of wealth does not necessarily refer to the amount of cash available in the hands of its owners, and while wealth can be theoretically measured by a number of assets or the ability to acquire expensive assets, in practice it becomes a risky decision and a large part of the wealth may disappear in the liquidation of those assets. assets.

For example, the richest person in the world, Elon Musk, lost more than $ 200 billion of his net worth when he wanted to acquire the “Twitter” platform at a valuation of only $ 44 billion at the time (a large part of the deal value was debt-financed through a mortgage of shares). Musk in Tesla), as Tesla shares declined under pressure from Musk’s sale of shares, as well as the forced sale followed by the stock’s decline to cover the collateral in exchange for loans. According to this, it is difficult to convert assets into liquid cash without losing much of their value.

Bill Gates

According to the “Bloomberg” Billionaires Index, Bill Gates still retains the title of the richest person in the world, when talking about cash, as it represents about half of his wealth of approximately $ 126 billion, specifically $ 61.3 billion.

The majority of Gates’ wealth derives from his company founded by Cascade Investment, a holding company created using the proceeds and profits from Microsoft stock sales.

Based on an analysis of Bloomberg data, Gates has received more than $56 billion in stocks and dividends from Microsoft and other companies, including $3.3 billion from Microsoft in 2004, which he donated to his charitable foundation.

He owns about 1.4% of Microsoft, the largest software manufacturing company in the world, according to the company’s website. He resigned from his position as director of “Microsoft” in March 2020.

Larry Ellison

While the co-founder and CEO of “Oracle” is the second richest billionaire, keeping “cash”, as he owns cash estimated at $ 20.6 billion, according to the “Bloomberg Billionaires Index.”

Jeff Bezos

Amazon co-founder Jeff Bezos recently bought a giant sailing yacht, valued at $500 million, while holding $13.3 billion in cash.

Bernard Arnault

While the second richest person in the world, Bernard Arnault, has cash worth $ 12.7 billion, out of his total wealth of $ 184 billion.

Google

While the two founding partners of “Google” have a large cake of cash, as the cash value of Sergey Brin and Larry Page’s wealth amounts to 15.7 and 15.6 billion dollars, respectively.

Elon Musk

As for the richest person in the world, Elon Musk, cash is not among his criteria for wealth, despite its size of $216 billion.