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MAR 14, 2013 - Slate

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How Rich Is the Catholic Church?

Pope Francis is not just the spiritual leader of one of the world’s major religions: He’s also the head of what’s probably the wealthiest institution in the entire world. The Catholic Church’s global spending matches the annual revenues of the planet’s largest firms, and its assets—huge amounts of real estate, the Cathedral of Notre Dame, Vatican City, some of the world’s greatest art—surely exceed those of any corporation by an order of magnitude.   But it turns out to be surprisingly difficult to understand exactly how rich the church is. That’s in part because church finances are ... Read More

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