Venezuela reportedly has less than $1 billion in cash, which is less than rapper Jay-Z’s net worth

Business insider: Venezuela’s cash supply has fallen below $1 billion as the country faces sanctions from governments around the world, limiting its ability to access funds and sell off the tons of gold it has in storage. 

The South American country now has less than $800 million in cash and $200 million in other liquid assets, people familiar with the Venezuelan central bank’s finances told Bloomberg

The drop means Venezuela’s cash balance has dropped below the net worth of many billionaire entrepreneurs, including Jay-Z, who is worth more than $1 billion, according to Forbes.

Joining the list of people worth more than Venezuela’s supply of cash are Kylie Jenner, who Forbes ranked as the world’s youngest self-made billionaire, and ultra-wealthy founders like Jeff Bezos of Amazon and Bill Gates of Microsoft. 

more here

19 Comments on Venezuela reportedly has less than $1 billion in cash, which is less than rapper Jay-Z’s net worth

  1. People like Bernie Sanders just want to get in on the business end of the going out of business sale if he can just get a chance in the drivers seat to drive the largest plum on the planet down the drain!!

    6
  2. But their stock market has gone to the moon.

    That’s what happens when you have central bankers that are insane.

    Keep that in mind, Americans.

    7
  3. They’re a lot better off than the US since our government seem to have a negative $1 trillion or more every year.

    4
  4. Perhaps Danny Glover and Sean Penn could do a concert to raise money for them. They can call it The Concert For Shitholizuela, 3 days of peace, love & donations. Garbage trucks on site as food vendors.

    8
  5. I thought socialism was for the people and against concentrated wealth. How is it a single entity can have that much cash? Everyone and everything is supposed to be piss poor — distribute that $billion immediately!!

    5
  6. Jay Z and his bride loooove to inject themselves into complicated issues as relates to oppressed peoples.

    How about JayBe check under their sofa cushions and pony up for the oppressed in Venezuela? Or are Venezuelans not dark enough? Not even worthy of a Kaepernick bended knee?

    8
  7. I’m surprised the Cubans haven’t invaded and completed their conquest. The only thing keeping the Socialist in power are all the Cuban “advisors” there providing muscle to the regime.

    3
  8. I honestly and sincerely have zero sympathy for anyone, and I mean anyone, in Venezuela who supported the socialist/communist takeover of the country.

    3
  9. AaaaaaaaaaWwwwwwwwwww

    Poor Venny-Zwaya

    Another commie country down the drain

    And this is what the current
    smellocrat field wants for the
    USA !?

    1
  10. Jay Z also has more Guns and ammo than the Venezuelan people too!

    I bet they would like another revolution to revolt against the last revolution.

    1

Comments are closed.

Do NOT follow this link or you will be banned from the site!