Quietly, There Is an Entity 700 Times Richer Than Elon Musk, and It Is Not a King

Jakarta, CNBC Indonesia - Elon Musk is recorded as having a total net worth of US$1.23 trillion as of Thursday (18/6/2026), or approximately Rp21,863 trillion. Despite holding an enormous asset value, the portion of cash or liquid funds he directly holds is estimated to be below 0.1% of his total wealth, based on his latest statements. This percentage equates to US$1.23 billion. This amount of liquid assets is relatively small when compared to the cash reserves currently held by various global banking and financial institutions. International banking institutions dominate the list of entities with the largest cash reserves in the world. Japan’s Mitsubishi UFJ Financial occupies the top position with total cash on hand reaching US$797.23 billion. This figure indicates the high level of liquidity maintained by the company in facing macroeconomic dynamics. The next positions are filled by the Industrial and Commercial Bank of China (ICBC) with cash of US$696.38 billion and France’s Crédit Agricole with US$683.22 billion. The dominance of Asian banking is highly visible in the data, with four financial institutions from China and three banks from Japan entering the global top 10 list. The United States is represented by only one entity, JPMorgan Chase, which recorded cash holdings of US$567.23 billion and is ranked fifth. This abundant cash condition serves as an important instrument for financial entities to maintain operational stability and manage systemic risk in the long term.