Google is estimated to have about $33 billion in cash (maybe $31 billion now).

Google manages its money like a private hedge fund. Considering currency fluctuations, real estate is often considered a good hedge against inflation so it may seem like a smart move in the future.

http://www.silobreaker.com/google-net-cash-reserves-up-70-pc...

http://www.fool.com/investing/general/2010/06/07/google-the-...