According to a Reuters article, Vatican City's net assets were about $4.3 billion in 2019. movement, with Francis blessing. Vatican City, including the Vatican Museums and the Vatican bank, has a separate budget. Vatican Owns Over 5,000 Properties Worldwide, It Reveals In First There are some investments that the Holy See wont make, however. You are already subscribed to our newsletter! All Rights Reserved. Simon & Schuster. "It is important to point out that the Vatican is not broke," Cardinal George Pell, the Vatican's prefect of the secretariat for the economy, wrote in the Catholic Herald. For one . So let's see who's at the top. almost $33 billion, adjusted for inflation. In his book Outliers , author Malcolm Gladwell estimated the value of Rockefeller's fortune at its peak, in today's. The 10 Richest People in Dubai - Money Inc It is possible that in some cases, the Holy See, apart from being badly advised, was also swindled, Guerrero said. Beijing said it would allow such moves earlier this year, and other Western financial companies are preparing to follow. Rockefeller was the first American billionaire and, to . A new initiative brings the Vatican and C.E.O.s together. Apple's net worth at the end of the fiscal year 2020 was $65.34 billion. For that reason, its nearly impossible to gauge the financial health of the Holy See, although theres little doubt among those who study the church that it has significant reserves. For example, it will not make investments in companies that go against church values, such as pharmaceutical companies that manufacture birth control. Mark Cuban thinks the world's first trillionaire will work in
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