Pope Francis Net Worth 2017: Short Bio & Wiki

How rich is Pope Francis?

Pope Francis net worth is
$? Billion $?

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Pope Francis Net Worth, Biography & Wiki 2017

Jorge Mario Bergoglio was born on 17 December 1936, in Flores, Buenos Aires Argentina, to parents who were both children of Italian migrants. As the Bishop of Rome and therefore Pope to which position he was elected by the papal conclave on 13 March 2013, Francis is the head of the Catholic Church, with an estimated world-wide congregation of 1.2 billion people and, as such, in conjunction with the riches of the Church, holds a position which enables Forbes magazine to rank him in 2016 as the fifth most powerful person in the world.

So just how rich is Pope Francis? Of course, the Pope has minimal personal wealth, but he is notionally the manager of all the assets of the Catholic Church, through The Vatican hierarchy. However, these assets are difficult to value in total, as some are not only invaluable, some unique, but also will never be sold. Further, religious groups don’t need to follow normal rules of accounting and disclosure, so estimating the value of the Church’s assets built-up over the centuries, and even annual income from so many sources, is impossible. Evaluation is even more difficult, as in many cases each diocese is a separate entity, for example in the USA.

Pope Francis Net Worth $? Billion $?

The purpose of this site is to identify wealth, so this aspect first. Common estimates put the Catholic Church’s wealth at around $15 billion, however, a few figures may give some idea of the Church’s real net worth. A frequently quoted investigation by The Economist magazine into American Catholicism in 2012, concluded that in the USA the Church regularly spends $170 billion on church-affiliated hospitals and institutions of higher education, although only around $11 billion a year on parish operations. According to Georgetown University, American Catholics alone regularly donate $10 per week on average, so the 85 million Catholics in the USA contribute well over $400 billion per year. (In comparison, Apple and General Motors each have worldwide revenue of about $150 billion.)

The Vatican is known to have gold reserves alone to the value of several billion dollars, including in the US Federal Reserve, and of course even a casual assessment of the real estate owned world-wide by the Church would add many more billions to that figure. The Vatican City itself has a rich economy relative to its size; the exact GDP figure is unknown, but authoritative estimates place the Vatican City’s current annual revenue at over $350 million. For a population of around 800 people, this means GDP per capita is well over $400,000, making it the richest state on earth by some way.

Overall, the Vatican has a very dense but widespread investment portfolio, holding billions of shares in some of the most powerful international corporations, for example in Gulf Oil, General Motors, General Electric, IBM, Shell and many others. The Church also has large investments with the Rothschild family, and in a number of world-renowned banks, which in the United States alone include the Morgan Bank, Chase-Manhattan, Bankers Trust Company and a number of others. Even the Vatican’s own bank – formerly the Institute for the Works of Religion – made a profit of $76 million in 2014.

Writer and philosopher Avro Manhattan suggests that the Catholic church is the biggest financial power, wealth accumulator and property owner in existence. It’s a greater possessor of material riches than any other single institution, corporation, bank, giant trust, government or state worldwide. The Pope, as the visible ruler of this immense accumulation of wealth, is consequently the richest individual of the twentieth-first century, although as pointed out, no one can realistically assess how much he is worth in terms of billions of dollars.

However, regardless of the often opulent appearance of religious institutions, Pope Francis’ public persona indicates a person of simple tastes and humble lifestyle. Well, he even worked as a chemical technician and nightclub bouncer before studying to be a priest; he was ordained in 1969 into the Jesuits, meantime teaching literature and psychology in high school.

He was appointed Principal Superior of the Jesuits in Argentina in 1973, and subsequently travelled to Jerusalem, lived for a time in Ireland where he learnt English, and in the mid-’80s spent several months in Germany. Bergoglio was named Auxiliary Bishop of Buenos Aires in 1992, and Co-adjutor Archbishop with right of automatic succession in 1997, which happened in 1998. He was created Cardinal in 2001.

Pope Francis has clearly been consistent throughout his religious career in his attitude to serving the poor, speaking out, for example, against the military dictatorship in Argentina, fighting corruption both within and outside the Church, and living a very modest lifestyle himself. In his Papacy, he wears the same iron cross he has had since being anointed auxiliary bishop of Buenos Aires, plus a simple silver papal ring – not gold. Extravagant vestments are nowhere to be seen, with the Pope wearing relatively plain, modest whites. He carries his own bags during his travels, and still prefers public transportation and open cars over chauffeur-driven limousines and the ‘pope-mobile’. This humility also extends to day-to-day living, as he resides in the Domus Sanctae Marthae guesthouse in preference to the papal apartments, and into the kitchen; baked chicken with salad and an average wine is quite normal, although some would say hardly a meal fit for a leader of over 1.2 billion people.

Pope Francis is perhaps the ideal personality to reform the Catholic Church, as deemed necessary to many at this point in the 21st century, and persuade the clergy to concentrate on serving their congregations rather than the other way around.

Quick Facts

Birth date: December 17, 1936
Birth place: Flores, Buenos Aires, Argentina
Profession:Pope of the Roman Catholic Church
Education:Milltown Institute of Theology and Philosophy (1980-1980), Facultades de Filosofía y Teología de San Miguel (1967-1970), Colegio Máximo de San José (1963), Wilfrid Barón de los Santos Ángeles, Escuela Nacional de Educación Técnica N° 27 Hipólito Yrigoyen, Sankt Georgen Graduate School of Philosophy and Theology, University of Buenos Aires, Inmaculada Concepción Seminary
Nationality:Argentine
Parents:Regina Maria Sivori, Mario Jose Bergoglio
Siblings:María Elena Bergoglio, Alberto Bergoglio, Oscar Adrian Bergoglio, Marta Regina Bergoglio
Awards:Bambi - Millennium Award (2016), Independent Publisher Book Award for Freedom Fighter of the Year (2017: Bound to Freedom: Slavery to Liberation 2020)
Movies:Before the Flood
Books:The Name of God is Mercy (2016), Dear Pope Francis: The Pope Answers Letters from Children Around the World (2016), Evangelii gaudium (2013), Laudato si' (2015), Amoris laetitia (2016), On Heaven and Earth (2010), Lumen fidei (2010), Open Mind, Faithful Heart: Reflections on Following Jesus (2012)
twitter.com/pontifex
instagram.com/franciscus/
imdb.com/name/nm5571029/
en.wikipedia.org/wiki/Pope_Francis


Interesting Facts

#Fact
1The Vatican hosted the three-day international, interfaith colloquium on 'The Complementarity of Man and Woman' sponsored by the Congregation for the Doctrine of the Faith. In his opening remarks Pope Francis stated that, 'It is ever more evident that the decline of the culture of marriage is associated with increased poverty and a host of other social ills that disproportionately affect women, children and the elderly. It is always they who suffer the most in this crisis... Children have a right to grow up in a family with a father and a mother capable of creating a suitable environment for the child's growth and emotional development' [17 November 2014].
2One of Time Magazine's 100 Most Influential People in the World. [April 2014].
3Reasserted the Catholic Church's conservative approach to various social issues in 2014, by reaffirming the doctrinal evaluation and criticism of U.S. nuns by the Holy See under his predecessor, Pope Benedict XVI. An assessment was made which accused the Leadership Conference of Women Religious, which represents about 57,000 sisters, or 80% of U.S. nuns, of promoting "radical feminist themes" and ignoring the Vatican's hard line on same-sex marriage and abortion. The original dispatch set up reeducation programs to bring nuns back into line, alleging that leaders of U.S. orders had challenged the church's teachings on women's ordination and ministry to homosexuals.
4Named Time magazine's Person of the Year for 2013.
5Elected Pope on March 13, 2013 to succeed Pope Benedict XVI who had resigned earlier that year.
6The first Pope from the Americas and from the Southern Hemisphere. He is also the first non-European Pope since Syrian-born Pope Gregory III in 741.


Quotes

#Quote
1Dear Armenian Brothers and Sisters, A century has passed since that horrific massacre which was a true martyrdom of your people, in which many innocent people died as confessors and martyrs for the name of Christ. Even today, there is not an Armenian family untouched by the loss of loved ones due to that tragedy: it truly was 'Metz Yeghern', the 'Great Evil', as it is known by Armenians...It is the responsibility not only of the Armenian people and the universal Church to recall all that has taken place, but of the entire human family, so that the warnings from this tragedy will protect us from falling into a similar horror, which offends against God and human dignity.
2Eight months without a visit from her children, that is a mortal sin. Where the elderly are not honored, there is no future for the young. A society where the elderly are discarded carries within it the virus of death. If we do not learn to look after and to respect our elderly, we will be treated in the same way. The quality of a society, I mean of a civilization, is also judged by how it treats elderly people and by the place it gives them in community life.
3Before God and his people, I express my sorrow for the sins and grave crimes of clerical sexual abuse committed against you.
4The Lord has redeemed all of us, all of us, with the Blood of Christ: all of us, not just Catholics. Everyone! 'Father, the atheists?' Even the atheists. Everyone! And this Blood makes us children of God of the first class! We are created children in the likeness of God and the Blood of Christ has redeemed us all! And we all have a duty to do good. And this commandment for everyone to do good, I think, is a beautiful path towards peace. If we, each doing our own part, do good to others, if we meet there, doing good, and we go slowly, gently, little by little, we will make that culture of encounter that so much. We must meet one another doing good. 'But I don't believe, Father, I am an atheist!' But do good: we will meet one another there.
5[Adressing a group of 15 couples that have been married between 25 and 60 years during a daily Mass, Pope Francis stressed the importance of three qualities in a successful Christian marriage - faithfulness, perseverance and fruitfulness.] This culture of well-being from 10 years ago convinced us: It's better not to have children! It's better! You can go explore the world, go on holiday, you can have a villa in the countryside, you can be carefree... it might be better - more comfortable - to have a dog, two cats, and the love goes to the two cats and the dog. Is this true or is this not? Have you seen it? Then, in the end this marriage comes to old age in solitude, with the bitterness of loneliness.
6[Public warning to Italy's mobsters on March 21, 2014] This life that you live now won't give you pleasure. It won't give you joy or happiness. Blood-stained money, blood-stained power, you can't bring it with you to your next life. Repent. There's still time to not end up in hell, which is what awaits you if you continue on this path.
7[admitting to sometimes nodding off during prayers, after a long and busy day] It is good to fall asleep in God's presence.
8Everyone has his own idea of good and evil and must choose to follow the good and fight evil as he conceives them. That would be enough to make the world a better place.
9Politics is the most important of civil activities and has its own field of action, which is not that of religion.
10Unrestrained liberalism only makes the strong stronger and the weak weaker and excludes the most excluded.
11[on the actions of some former pontiffs] They have often been narcissists, flattered and thrilled by their courtiers. The court is the leprosy of the papacy.
12[on the training of priests] It must be a work of art, not a police action. We must form their hearts. Otherwise we are creating little monsters. And then these little monsters mold the people of God. This really gives me goose-bumps.
13We are all sinners, but we are all not corrupt.
14[On having the retired Pope Benedict to consult] (It) is like having a grandfather at home -- a very wise grandfather.
15[in an interview, referring to the Church being 'obsessed' with gay people, abortion and contraception] This church, with which we should be thinking, is the home of all, not a small chapel that can hold only a small group of selected people. We must not reduce the bosom of the universal church to a nest protecting our mediocrity.
16[Addressing the issue of the gay lobby, Pope Francis said it was important to "distinguish between a person who is gay and someone who makes a gay lobby," saying, "a gay lobby isn't good."] A gay person who is seeking God, who is of good will -- well, who am I to judge him? The Catechism of the Catholic Church explains this very well. It says one must not marginalize these persons, they must be integrated into society. The problem isn't this (homosexual) orientation -- we must be like brothers and sisters. The problem is something else, the problem is lobbying either for this orientation or a political lobby or a Masonic lobby.
17[as Cardinal Bergoglio, on whether demanding celibacy lies at the core of clerical sex abuse] If a priest is a pedophile, he is so before he becomes a priest.
18[to the cardinals who elected him the new pontiff] May God forgive you.
19[on the issue of abortion] Preventing the development of a being that already has the genetic code of a human being is not ethical.
20[to the crowds thronging St. Peter's Square following his election] Now I would like to give the blessing, but first I want to ask you a favor. Before the bishop blesses the people, I ask that you would pray to the Lord to bless me - the prayer of the people for their bishop. Let us say this prayer - your prayer for me - in silence.
21[on the practice of relocating to other parishes those priests behaving inappropriately with children] This is stupid because the priest continues to carry the problem in his backpack.


Filmography

Self

Self

TitleYearStatusCharacter
Fantástico2013TV Series documentaryHimself
Via Sacra do Jovem Solidário2013TV SpecialHimself (as Papa Francisco)
Caiga quien caiga - CQC2013TV SeriesHimself
O Sentido da Vida2017Documentary filmingHimself (unconfirmed)
Festival of Families2015TV MovieHimself
Papal Departure from JFK2015TV MovieHimself
Multi-religious Service at 9/11 Memorial and Museum2015TV MovieHimself
Papal Visit to Our Lady Queen of Angels School2015TV MovieHimself
Good Morning America2015TV SeriesHimself
Journey of Faith: Vespers Service at St. Patrick's Cathedral2015TV MovieHimself
Papal Arrival at JFK Airport2015TV MovieHimself
Papal Mass in Washington DC2015TV MovieHimself
60 Minutes2015TV Series documentaryHimself - Head of the Catholic Church (segment "Pope Francis")
Christmas Eve at St. Peter's Basilica2014TV SpecialHimself - Celebrant
Christmas Eve at St. Peter's Basilica2013TV SpecialHimself - Celebrant
Francis: The Pope from the New World2013DocumentaryHimself

Archive Footage

Archive Footage

TitleYearStatusCharacter
The Indian Priest2016Documentary completedHimself
Conspiracy2015TV Series documentaryHimself
The Greg Gutfeld Show2015TV SeriesHimself
Entertainment Tonight2015TV SeriesHimself
Extra2015TV SeriesHimsel / Himself
Fox and Friends2015TV SeriesHimself
Democracy Now!2013-2015TV SeriesHimself
The Tonight Show Starring Jimmy Fallon2015TV SeriesHimself - Meeting U.S. Children / Himself - At U.S. Capitol / Himself - Speech at U.S. Capitol
The Vatican Tapes2015Himself (uncredited)
60 Minutes2014TV Series documentaryHimself - Head of the Catholic Church (segment "Francis")
Shaun Micallef's Mad as Hell2014TV SeriesHimself
Red River Bible & Prophecy Conference2014TV SeriesHimself
Frontline2014TV Series documentaryHimself - Head of the Catholic Church
Gracias por venir, gracias por estar2013TV SeriesHimself
1002 Momentos de la tele2013TV SeriesHimself
Moyers & Company2013TV SeriesHimself
¿Quién es el Papa Francisco?2013Video
America's Book of Secrets2013TV SeriesHimself
The Tonight Show with Jay Leno2013TV SeriesHimself

Is Pope Francis's Net Worth Deserved?

  • Kevin

    “American Catholics regularly donate $10 per week, so the 85 million Catholics in the USA contribute well over $400 billion per year.”

    85,000,000 catholics x 10 dollars x 52 weeks = 44,200,000,000 not 400,000,000,000.

  • Gui-Hu Fookd Yoormum

    Pretty sure he receives at least 200 million a year as personal income. I know of two different 100 million annual salaries and there’s surely other smaller salaries he’s paid. Minimal person wealth my ass