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According to nasdaw.com: | According to nasdaw.com: | ||
*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 (they don't own $64 billion, but manage it) | |||
*The bank owns $764 million in equity. | |||
*The bank keeps gold reserves worth over $20 million with the U.S. Federal Reserve. | |||
Pope Francis made the Vatican Bank's financial and operational statements public. According to a May 29, 2015 article in Reuters, for the fiscal year 2014, the Vatican Bank reported about $76 million in net profit. | Pope Francis made the Vatican Bank's financial and operational statements public. According to a May 29, 2015 article in Reuters, for the fiscal year 2014, the Vatican Bank reported about $76 million in net profit. | ||
According to a March 9, 2013 report by the National Post, a Canadian newspaper, the Vatican owns: | According to a March 9, 2013 report by the National Post, a Canadian newspaper, the Vatican owns: | ||
*716,290 square kilometres of land globally — an area slightly bigger than the province of Alberta. Properties include Vatican embassies, churches, cathedrals, monasteries, some schools and convents. | |||
*$10 billion in marketable securities | |||
*One metric tonne of gold (worth $64.3 million at $2,000 per ounce) | |||
While this is a lot of money, it is not even close to the "wealth of the world", even if the estimates of Vatican wealth are significantly under-reported. | While this is a lot of money, it is not even close to the "wealth of the world", even if the estimates of Vatican wealth are significantly under-reported. |