What companies does the Vatican own?

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.” (…)

Who owns the Vatican bank?

It is not a private bank, as there are no owners or shareholders, but it has been established in the form of a juridical canonical foundation, pursuant to its Statutes. Since 9 July 2014, its President is Jean-Baptiste de Franssu.

Does the Pope have his own bank?

Also known as the Institute for the Works of Religion, the Vatican Bank is a private bank located in Vatican City founded by Pope Pius XII in 1942. 5 Over the decades, the bank has been at the center of numerous scandals and accusations of mismanagement, money laundering, and fraud.

How much is the Catholic church worth globally?

Bankers’ best guesses about the Vatican’s wealth put it at $10 billion to $15 billion.

How much gold is in the Vatican?

We also know that the Vatican Bank, a financial institution that operates a lot like other banks, maintains reserves of gold worth about $20 million to secure its investments. Gold constitutes only a portion of the Catholic Church’s wealth worldwide.

Does the Vatican have an army?

Swiss Guards, Italian Guardia Svizzera, corps of Swiss soldiers responsible for the safety of the pope. Often called “the world’s smallest army,” they serve as personal escorts to the pontiff and as watchmen for Vatican City and the pontifical villa of Castel Gandolfo.

What religion has the most billionaires?

Global. According to a study from 2015, Christians hold the largest amount of wealth (55% of the total world wealth), followed by Muslims (5.8%), Hindus (3.3%), and Jews (1.1%).

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