Vatican Uses Donations for the Poor to Plug Its Budget Deficit

Re:Vatican Uses Donations for the Poor to Plug Its Budget De... by wavefunction on Wednesday December 11, 2019 @05:52PM (#21767642)

As is always pointed out here wealth and income are two different things. Catholic dioceses are independent financial entities but even the nation-level parts of the Catholic church are fabulously wealthy with real-estate and art work and other assets of significant value.

The Catholic Church of Germany is worth an estimated $25,000,000,000. The Catholic Church of Australia is estimated to be worth around $20,000,000,000. Opus Dei which is a weird Catholic-supremacist group is worth $2,000,000,000 alone. The wealth of the Vatican is unknown and likely far far higher.

https://en.wikipedia.org/wiki/List_of_wealthiest_organizatio...

[ Parent | on HN ]

Re:Vatican Uses Donations for the Poor to Plug Its Budget De... by javagram on Wednesday December 11, 2019 @06:43PM (#21767992)

To be clear this measure of wealth is based mostly on real estate and artwork, correct?

The Vatican itself runs a deficit every year and the budget is relatively small - https://en.wikipedia.org/wiki/Economy_of_Vatican_City - as the article notes, it is plugged with donations from Catholics across the world via Peter’s pence.

As a catholic I’d rather not have my church sell off all our priceless artworks and churches to private collectors and landlords...

[ Parent | on HN ]