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You Won’t Believe How Much Cash Oracle Has

Larry Ellison’s company had $55.93 billion in cash and short-term investments—the bank, in layperson’s terms—on August 31, 2015. Yet Oracle shares were trading at $38.10 at the close of business on October 9, 2015. That means Oracle now has more money in the bank than Apple (NASDAQ: AAPL) does. For the record, Apple had $34.7 billion in cash and short-term investments on June 30, 2015.