How does the Vatican justify its wealth?
The Church makes itself rich so it can meet spiritual and temporal needs. The church spends a lot on itself to encourage people to donate to it, so that it can meet people’s spiritual and temporal needs. The church does not just get handed large sums of money by the government, it has to fund itself somehow.
How much is Vatican worth?
Bankers’ best guesses about the Vatican’s wealth put it at $10 billion to $15 billion. Of this wealth, Italian stockholdings alone run to $1.6 billion, 15\% of the value of listed shares on the Italian market. The Vatican has big investments in banking, insurance, chemicals, steel, construction, real estate.
What is the estimated wealth of the Vatican?
The wealth of the Vatican is estimated to be around 15 billion U.S. dollars. However, what the Catholic Church both consists of and contains, which is to say the mystical body of Christ and the real presence of the Body, Blood, Soul and Divinity of Christ is inestimable.
Is the Vatican the richest nation in the world?
Though it’s called “Vatican City,” it is actually its own sovereign country with its own post office, laws, and mint, where it prints its own currency called Vatican lira. While the City’s borders boast just over 100 acres of land and just under 1,000 citizens, it is often called the richest country in the world.
How much money does the Vatican have?
The Vatican Bank manages $64 billion of assets on behalf of its 17,400 customers, according to a Dec. 5, 2014, article in International Business Times. The bank owns $764 million in equity. The bank keeps gold reserves worth over $20 million with the U.S. Federal Reserve.
What is the Vatican really hiding?
According to theorists, the Vatican is hiding these documents in order to propagate their whitewashed depiction of Christ, and to hide the most controversial fact about Jesus: that he married Mary Magdalene , and father a child According to researchers Michael Baigent , Richard Leigh & Henry Lincoln , if Jesus did have a child, then his descendants