". . .As the Treasury’s cash balance drops, an increasing number of individuals in the United States and other countries throughout the world are worth more than what the government has.
The Bloomberg Billionaire Index, which issues a daily ranking of the world’s wealthiest people based on net worth, lists 24 individuals as having a higher net worth than the amount of money that the Treasury currently has.
The New York Times noted that Michael Bloomberg — the founder of the outlet — is left off the list under its editorial policy, but Forbes lists his net worth as about $94.5 billion.
Below are the billionaires with more money than the Treasury currently.
Amazon founder Jeff Bezos and Twitter, SpaceX, Tesla CEO Elon Musk (Associated Press/Evan Agostini/Invision/Michel Euler, Pool)
LVMH CEO Bernard Arnault – $189 billion
Twitter, SpaceX and Tesla CEO Elon Musk – $179 billion
Meta — the parent company of Facebook — co-founder Mark Zuckerberg and Berkshire Hathaway CEO Warren Buffett (Associated Press/Mark Lennihan/Nati Harnik, File)
Walmart heir Jim Walton – $66.6 billion
Walmart heir Rob Walton – $64.9 billion
Walmart heiress Alice Walton – $63.8 billion
Adani Group founder and Chairman Gautum Adani – $63.4 billion
Mars candy heiress Jacqueline Badger Mars – $61.7 billion
Mars heir and Chairman John Mars – $61.7 billion
Walmart Chairman and heir Rob Walton (Associated Press/Danny Johnston, File)
Nongfu Spring founder and Chairman Zhong Shanshan – $61.6 billion
David Koch heirs Julia Flesher Koch and family – $60.6 billion
Koch Industries CEO and Chairman Charles Koch – $60.4 billion
Dell Technologies CEO and Chairman Michael Dell – $53.4 billion
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Welcome back to Media Matters' weekly email. As a senior researcher with Media Matters, I monitor and analyze right-wing content across a wide variety of platforms, trying to understand what makes the ecosystem tick. Each Friday I'll go through all the main narratives, craziest clips, and dumbest moments from conservative media over the past week. If you want this delivered straight to your inbox, subscribe here.
On Wednesday, Florida Gov. Ron DeSantis announced his presidential campaign on Twitter. The event was a disaster, full of glitches and technical failures. It wasn’t the only recent big news for Twitter.
Earlier this month, ousted Fox News host Tucker Carlson announced that he plans to relaunch his show on Twitter.
And just this week, the extremist right-wing outlet The Daily Wireannounced that it would put its podcasts on Twitter.
Taken together, Twitter under Elon Musk’s tutelage is seeking to supplant Fox News’ supremacy as a right-wing echo chamber.
As the fight between the two factions escalates, Twitter and its allies will try to portray themselves as an insurgency within the right against the establishment Fox News.
As Media Matters’ Matt Gertzexplained, “The resulting clash will create a race to the bottom as the two sides compete for support through demagoguery and conspiracy theories, making the political environment even more unstable and dangerous.”
As Gertz further noted, it's clear that Fox News and the Murdochs will fight back.
To be clear, advertisers on Twitter will inevitably be in the Elon Musk business. So long as they continue to support the platform with their money, they will be subsidizing all of its hateful content. Meanwhile, cable subscribers are currently subsidizing the extremism on Fox News’ airwaves. They don’t have to.
Sign up at NoFoxFee.com to get tips on how to send a polite message to your provider and say, “Don’t let Fox News raise my bill.”
Watch this: Media Matters researchers Andrew Lawrence and Kat Abughazaleh joined Crooked Media's Jon Favreau for a wide-ranging chat about the future of Fox News.
This week in stupid
DisgracedbullySteven Crowdersaid it’s not realistic for a Black actor to portray a mermaid.
Fox’s Newt GingrichsaidDonald Trump’s fan base is made up of people with “third-, fourth-, and fifth-grade educations.”
Fox’s Jesse Wattersclaimed Florida is “the one state” where Black Americans are thriving.
Fox’s Kayleigh McEnanyblamed “tech guys at Twitter” for Ron DeSantis’ disastrous presidential announcement.
This week in scary
Candace Owens is now targeting surrogate parents, calling the practice “deeply demonic.”
The Daily Wire’s Matt Walshsaid, “Diversity is an anti-white conspiracy.”
Charlie Kirkencouraged his audience to bankrupt Target for selling Pride merchandise, saying, “Pain is a teacher.” A Fox News host attackedChip and Joanna Gaines for partnering with Target. The Daily Wire’s Michael Knowles similarly said, “The Pride flag symbol, we need to make that toxic.”Click here for more on right-wing media's anti-LGBTQ campaigns.
Fox’s Pete Hegseth and Jeanine Pirropraised vigilantism.
Excuse me?
Fox’s Greg Gutfeldapplauded a high school teacher charged with engaging in unlawful lewd behavior with a 16-year-old student.
Dennis Prager said, “‘Negro’ had no negative connotation whatsoever.”
Fox’s Pete Hegsethsaid the separation of church and state is “not in the Constitution.”
On Rumble, Steven Crowdermocked the NAACP travel advisory, claiming, “African culture” is “lip spacers” and “neck extenders.”
In case you missed it
Fox host Rachel Campos-Duffysaid, “Some say America runs on Dunkin’. The Democrat Party runs on racial tension.”
Fox’s Sean Hannityinstructed Republicans “not to be scared” of defaulting on the national debt.
After the NAACP issued a travel warning, Fox’s Jeanine Pirroaccused the civil rights organization of “tearing down our statues.”
BlazeTV’s Steve DeacesaidMike Pence wants to “let Disney groom the kids.”
Fox’s Sean Hannityaccused the FBI of putting “cinderblocks on the scale of a presidential election” in 2016.
Clay Travisclaimed there is “no real evidence” that the Allen, Texas, mall shooter was a white supremacist (there is, in fact, extremely clear vidence).
Read more
Donald Trump should be an extremely vulnerable candidate for the Republican presidential nomination. Instead, Fox News has made it almost impossible to criticize the twice-impeached, once-indicted former president.
The DeSantis vs. Trump political feud is at a boiling point in right-wing media as platforms and hosts take opposing sides.
After a suspect crashed a U-haul truck into security barriers at the White House and reportedly waved a Nazi flag while exiting the van, Twitter Blue subscribers immediately claimed it was an FBI “psyop.”
Right-wing media outlets and personalities repeatedly leveled attacks against a modest Pentagon initiative created to address high levels of white supremacy in the military. The Countering Extremism Working Group has been disbanded.
Fox Corp.-owned OutKick is a conservative sports news network that recently saw a dramatic increase in subscriptions and viewers on its YouTube channel after it aggregated prank videos. It regularly pushes racist and transphobic commentary.
As Republicans manufactured a debt limit crisis, major newspapers failed to provide important context in their reporting.
Mainstream journalism outlets covering Rumble are failing to report on the extremist, false, and bigoted content that dominates the platform.
Joe Rogan’s podcast fueled a bizarreTikTok conspiracy theory falsely attributing climate change impacts to cyclical changes in the Earth’s magnetic field.
Right-wing media had a collective meltdown after it was revealed that Fox News’ employee handbook contained language deemed inclusive of trans employees.
Dating Talk is a viral, panel-style show where the host and guests promote misogynistic gender politics to an audience of millions.
After Murdoch-owned properties spread a completely false story about homeless veterans being kicked out of an upstate New York hotel to make space for undocumented migrants, Fox News hosts read a short scripted retraction that they pretended was merely an update.
