An analysis conducted by Moody’s this week suggests that Apple (NASDAQ:AAPL), already one of the largest companies on the planet, claims nearly 10 percent of all corporate cash held by nonfinancial companies. That comes out to about $147 billion out of the $1.48 trillion held by over 1,000 companies analyzed by the ratings and investors services firm.
Corporations have pretty much hoarded cash in the wake of the financial crisis, generally unwilling to engage in aggressive spending because of uncertain economic conditions and volatile fiscal policy. Total cash stockpiled by corporations is up 2 percent since the end of 2012 and is up an incredible 81 percent from 2006 when the same corporations held just $280 billion.
It may not come as a surprise that just as most individual and household wealth is concentrated at the top, most corporate wealth is held by just a few major corporations.