Ocean of liquidity: key holders of global capital
The seven largest tech firms in the world—Alphabet, Amazon, Meta, Microsoft, Apple, Nvidia, and Tesla—collectively hold around $597 billion in cash, surpassing the foreign exchange reserves of most developed countries. However, financial institutions dominate the top 50 companies with the largest cash reserves, with 13 banks, brokerage houses, and insurance giants serving as the lifeblood of the global economy. Unlike big tech companies, these banks maintain substantial cash reserves, allowing them to act as a "lender of last resort" during crises.