Apple and Microsoft have bigger cash piles than the UK and US

The tech giants are also sitting on more dollar than Canada and oil-flush UAE and Norway.

by Rachel Savage
Last Updated: 17 Apr 2014

Apple’s Mount Everest of cash 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 dollar (£95bn) than countries including Malaysia, Turkey and Poland – which, incidentally, are sitting on more dosh than the UK and US.

‘U.S. firms were sitting on some $1.6 trillion in cash at the end of 2013, a 12% increase from a year ago,’ said 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 $1.2 trillion,’ said Quinlan. ‘Only China has more cash in the safe—almost $4 trillion.’

Check out US companies’ cash piles towering over countries’ (£bn):

1. Apple - 95

2. Malaysia - 78

3. Turkey - 65

4. Poland - 59

5. Indonesia - 56

6. Microsoft - 50

7. Denmark - 49

8. Israel - 48

9. Iraq - 44

10. Phillipines - 44

11. UK - 42

12. UAE - 40

13. Peru - 38

14. Google - 35

15. Canada - 35

16. Sweden - 33

17. Norway - 33

18. Verizon Communications - 32

19. Czech Republic - 32

20. Pfizer - 29

21. US - 29

22. Cisco Systems - 28

23. Hungary

24. Romania

25. Australia - 26

26. South Africa - 25

27. Colombia - 25

28. Qatar - 25

29. Chile - 23

30. Germany - 23

31. Oracle Corporation - 22

32. Lebanon - 22

33. Italy - 22

34. Angola - 19

35. Qualcomm - 19

36. Johnson & Johnson - 17

37. Kuwait - 17

38. Spain - 17

39. General Motors - 17

40. France - 16

41. Merck - 16

42. Intel - 16

43. Ford Motor - 15

44. Argentina - 15

45. Amgen - 14

46. Coca-Cola Company - 12

47. Ukraine - 11

48. Kazakhstan - 11

48. Morocco - 11

50. EMC - 11

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