365NEWS reports that Churches often hold significant influence in society, much of which is tied to their considerable wealth.
While their primary focus is spiritual, many religious organizations have accumulated vast financial resources, making them some of the wealthiest institutions globally.
Here’s a look at some of the richest churches around the world:
1. The Church of Jesus Christ of Latter-day Saints
Commonly known as the LDS or Mormon Church, this institution ranks among the wealthiest religious organizations worldwide.
According to The Widow’s Mite, the church’s total wealth reached an estimated $265 billion in 2023, reflecting a nearly $29 billion increase from the previous year.
2. The Catholic Church in Australia
As one of the oldest religious institutions in Australia, the Catholic Church wields considerable financial power.
An investigation by the Australian Broadcasting Corporation estimated the church’s wealth at approximately $30 billion, sparking discussions about revisiting its tax-exempt status.
3. Seventh-day Adventist Church
Despite its focus on the imminent Second Coming of Jesus Christ, the Seventh-day Adventist Church has accumulated significant wealth.
As reported by The Conversation, the church’s assets are valued at $15.6 billion, with investments spanning a publishing house, broadcasting network, and food production facilities.
4. The Vatican
The Vatican, the central authority of the Roman Catholic Church, holds immense financial resources.
Estimates from The Times place the Vatican’s wealth between $10 billion and $15 billion, with Italian stockholdings alone valued at $1.6 billion.
The Vatican also has extensive investments in banking, insurance, and real estate.
5. The Church of England
The Church of England is another major player among wealthy religious institutions, with an extensive property and investment portfolio.
The church’s assets are valued at £8.3 billion, including properties and various funds.
It owns 16,000 churches and 42 cathedrals, many of which are historically significant, and has collected £57 million from parishioners.
