'I'm a billionaire. A real one': Lawyer claims only about 20 people actually have $1B in the bank and he's one of them

Billionaire John Morgan has claimed that only around 20 people in the world have a genuine billion dollars in the bank. Morgan, a lawyer and founder of Morgan & Morgan, asserts that most ultra-wealthy individuals have significant assets like companies, stocks, real estate, and private investments, which are not easily accessible as liquid cash.

The exact number of billionaires with a billion dollars in liquid cash is unclear, with estimates ranging from a handful to potentially more. However, for the majority of billionaires, their wealth is mostly tied to assets that can fluctuate in value.