$47 billion estimated net worth
The Chairman and CEO of Berkshire Hathaway, Warren Buffett, helped launch The Giving Pledge. But even if he wanted to, the Oracle of Omaha wouldn't make a dent in America's national debt, rated at $13.3 trillion as of 5PM EDT according to USDebtClock.org. Indeed, his entire estimated net worth of $47 billion would pay off just about 0.0035% of that debt.
Source: Forbes.com
Photo Credit: Reuters
$18 billion estimated net worth
Mayor of New York City and founder of Bloomberg News Michael Bloomberg worked to ban trans fats in New York City; maybe he could do the same with pork... government pork, that is. Bloomberg could use his estimated net worth of $18 billion to pay off the costs of federal earmarks, which are currently at $17.8 billion in the federal budget, according to USDebtClock.org.
Source: Forbes.com
Photo Credit: Reuters
$1.2 billion estimated net worth
Fashion designer Diane von Furstenberg has an estimated net worth of $1.2 billion. With that amount of money, she could make the first out of more than 1000 payments on the current federal budget deficit of $1.4 trillion, according to USDebtClock.org numbers. You can dress up that number all you want, and it still won't be pretty.
Source: Forbes.com
Photo Credit: Reuters
$28 billion estimated net worth
Larry Ellison, Founder of Oracle Corporation, makes a pretty penny or two, with an estimated net worth of $28 billion. But it would take 29 Larry Ellisons to pay for all the credit card debt in the nation, which USDebtClock.org pins at at $812 billion.
Source: Forbes.com
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$3 billion estimated net worth
Founder of Lucasfilm LTD and famed director, George Lucas's film "Star Wars: Attack of the Clones" had a budget of $115 million. Lucas could have made that film 1730 times with the cost of interest on the U.S.'s debt, which is $198.9 billion, according to USDebtClock.org.
Source: Forbes.com
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$1.1 billion estimated net worth
Oil tycoon T. Boone Pickens, with his estimated worth of $1.1 billion, could use his money to pay down the total personal debt of about 20,755 people. The average total debt per citizen in the U.S, according to USDebtClock.org, is about $53,000.
Source: Forbes.com
Photo Credit: Reuters
$53 billion estimated net worth
Co-founder of Microsoft Corporation Bill Gates, who joined up with Warren Buffett to set up The Giving Pledge, has an estimated net worth of $53 billion. But even the former richest man in the world (recently surpassed by Carlos Slim) only has enough cash to pay for a quarter of the country's federal pensions, currently at $194 billion, according to USDebtClock.org.
Source: Forbes.com
Photo Credit: Reuters