Browsing: cash-rich

If you’re an oligarch, a millionaire rockstar, a property tycoon or you just struck oil off the coast of Brazil – brother, I feel your pain.

Bloomberg is reporting that more than 2,000 companies around the world have cash balances exceeding their market capitalization. That’s more than eight times as many cash rich companies as when the last bear market bottomed in 2002. With these companies, a $1 share is worth more than $1, just in…