As the U.S. cash balance fell this week, Apple boss becomes richer than Uncle Sam.
The U.S. is said to be the world’s most powerful government and one of the wealthiest countries in the world. However, after that economic meltdown in late 2000s, it seems like, the country is still finding it hard to rise. As the government struggled to reach an agreement on raising the debt ceiling, the U.S. Treasury’s cash balance fell to $74 billion, while the world’s top technology company has a cash pile of $75.87 billion.
During 1890s, when the U.S. treasury was in danger of going bankrupt, U.S. President Cleveland met with New York financier JP Morgan, who pledged a whopping $US60 million in gold. So it won’t be a surprise, if the U.S. government asks Steve Jobs for a bailout.
Apple has already beaten Nokia with the greatest control over the smartphone market and currently it is the second largest company in the world behind the American oil giant Exxon Mobil.