His estimated net worth is around $16 million, which includes various assets provided to him as the pope. These assets include five cars at his disposal and other benefits linked to his role. Although he does not use the salary he is entitled to, the amount still contributes to his overall net worth.
Pope Francis, 88, passed away on Monday morning after battling respiratory issues and kidney failure. Despite his modest lifestyle, he leaves behind a surprising net worth of nearly $16 million, accumulated through royalties, donations, and a discretionary fund.
In 2017, Pope Francis received a Lamborghini Huracán, a gift he promptly decided to auction for charity. The supercar, painted in Vatican colors, fetched $950,000.
The Holy See is the governing body of the nation and generates money through donations; it then invests a portion of that money in stocks, bonds, and real estate. Vatican City generates revenue through the sale of museum admissions, as well as the sale of coins, stamps, and publications.
The pope does not receive a traditional salary. Instead, his needs are met by the Vatican, which provides housing, food, transportation, and other necessities. This arrangement reflects the pope's role as a religious leader, rather than a salaried employee.
The Vatican's financial situation has been in peril for years, with its annual operating deficit growing to over $90 million in 2023, according to reports.
He's often seen wearing Rolex watches, specifically the Day-Date ref. 18038 with a yellow gold case and a sunburst blue dial, often paired with an aftermarket steel elastic strap. He also rocks a two-tone Datejust. These, as well as his fancy Patek Philippe pocket watch, are believed to be gifts.)
Pope Francis did not have any children given his vow of celibacy. However, he was very fond of children and even authored a children's book titled "Dear Pope Francis," in which he answered questions from children around the world. "Some are fun. Some are serious.
For trips within the Vatican City, he used a small Ford Focus from the Vatican motor pool. He also drove himself around the city in a 1984 Renault 4 presented to him by Italian Father Renzo Zocca.
Myth: Clerical celibacy has been the norm since the Second Lateran Council in 1139. Fact: Priests and even popes still continued to marry and have children for several hundred years after that date. In fact, the Eastern Catholic Church still has married priests.
A typical meal might consist of baked chicken, salad, fruit, and wine. Italian staples like pasta, gnocchi, and polenta make occasional appearances. However, on account of recent medical advice, Pope Francis has had to cut back on the carbs.
After breakfast, the morning might be spent writing epistles, or formal communications, as well as other works of religious scholarship. Much of the rest of the day is likely to be spent in meetings with bishops and political leaders from around the world.
As of twenty twenty-five, the Pope himself does not pay personal income tax because there is no such tax in Vatican City. Vatican City doesn't tax its citizens, our residents, and the way most countries do. The Pope needs are met by the state.
Unlike those, the Vatican does not have a military, except for a small number of Swiss Guards and gendarmes, fulfilling mainly representative and policing duties. For any further defense purposes, the Vatican de facto relies on the Italian state and its military.
Financial income from commercial investments, real estate management and self-generated services (universities, hospitals, etc.) make up the majority of Vatican income, comprising about 65% of the $887 million income projections for 2022.
In 2017, Pope Francis received a custom Lamborghini Huracán, painted in Vatican white and gold. Instead of keeping the $950,000 supercar, he auctioned it off, donating the proceeds to charities supporting Iraqi Christians, victims of human trafficking, and medical missions in Africa.
The pope is considered one of the world's most powerful people due to the extensive diplomatic, cultural, and spiritual influence of his position on both 1.3 billion Catholics and those outside the Catholic faith, and because he heads the world's largest non-government provider of education and health care, with a vast ...
Aged about 20 when first elected, he may have been the youngest Pope in the history of the Catholic Church. He is the only person to have been Pope more than once and the only person ever accused of selling the papacy. Benedict was the nephew of his two immediate predecessors, Benedict VIII and John XIX.
Like his Master, the Pope reaches out to everyone with the form of courtesy appropriate to the culture of his visiting Guest. He has been photographed hugging a very disfigured man and eating ant table with prisoners and migrants- just like Jesus did.
The Cody brothers initially don't want to include Pope in the job as he has just been released from prison, but he insists and ends up joining them because J is not ready for a significant role in that big of a crime.
With the pope's passing, the Vatican enters a period known as sede vacante, meaning “the seat is vacant.” During this time: The College of Cardinals assumes temporary leadership of the Church. No major decisions or changes are made until a new pope is elected.
