What companies does the Vatican own?
“The Vatican has billions of shares in the most powerful international corporations such as Gulf Oil, Shell, General Motors, Bethlehem Steel, General Electric, International Business Machines, T.W.A., etc.” (…)
Where does the money go in the Catholic Church?
Most of that money stays with the church to cover overhead costs like building maintenance and priest salaries, she said. On average, about 13\% of the money collected during Mass is sent on to the local diocese in the form of a yearly tax called an assessment, Gautier said.
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.
What is the GDP of Vatican City?
While it is not known how much personal wealth Vatican citizens have, the state is free of poverty. Although it is the smallest of all countries in terms of population, its estimated GDP per capita of $21,198 makes Vatican City the 18th wealthiest nation in the world per capita. Health and pension provisions are good, and average incomes and living standards of lay workers are generally comparable to-and in some cases, better than-those enjoyed by employees in Rome.
What is the economy of Vatican City?
Economy of Vatican City. The unique, noncommercial economy of Vatican City is supported financially by contributions (known as Peter’s Pence) from Roman Catholics throughout the world, the sale of postage stamps and tourist mementos, fees for admission to museums, and the sale of publications.
How much gold does the Catholic Church own?
That helps explain why no one seems to know exactly how much gold is owned by the Roman Catholic Church. However, some statistics are available. In 2013, the Vatican issued financial figures that stated that its holdings of gold and precious metals amounted to about $50 million dollars.