Apple has more cash than America

By on April 14, 2014

Apple’s mountain of money is the stuff of legend. Now, it is starting to verge on the mythical.

Figures from private bank US Trust show that the tech leviathan has more cash money than countries including Malaysia, Turkey, and Poland – who, incidentally, are sitting on more dosh than the UK and America.

“US firms were sitting on some R16.88 trillion in cash at the end of 2013, a 12 percent increase from a year ago,” says US Trust Managing Director Joseph Quinlan. “The latest figure is nearly double the level of 2008, signaling the extent by which US firms have built out their cash positions over the post-crisis period.”

“The cash hoard of corporate America… is greater than the total international reserves of Japan, the second-wealthiest nation in the world, with foreign exchange reserves of R12.66 trillion,” adds Quinlan. “Only China has more in the safe—almost R42.2 trillion.”

Cash piles of various corporates and nations:

  1. 1. Apple – R1.7 trillion
  2. 2. Malaysia – R1.4 trillion
  3. 3. Turkey – R1.1 trillion
  4. 4. Poland – R1 trillion
  5. 5. Indonesia – R987 billion
  6. 6. Microsoft – R882 billion
  7. 7. Denmark – R864 billion
  8. 8. Israel – R847 billion
  9. 9. Iraq – R776 billion
  10. 10. Phillipines – 776 billion

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