Q:
What is the richest church in the world?
A:
Quick Answer
Religious organizations are not generally bound by the same financial reporting requirements as other entities, but the Catholic Church is very likely to be the wealthiest single religious organization on Earth. The Economist estimates that annual expenditures of the Catholic Church in the United States alone exceed $170 billion.
Continue Reading
Credit:
Andreas Strauss
LOOK
Getty Images
Full Answer
In addition to the 12-figure annual expenditures in just one country, the Vatican operates as a sovereign state with the power to levy taxes and own property. The Church's holdings include real estate, a substantial investment portfolio and works of art so rare as to be essentially priceless. The Vatican also operates a bank that has unknown deposits and assets.
Learn more about ChristianitySources:
Related Questions
-
Q:
What types of services are offered by St. Agnes Catholic Church in Arlington, VA?
A: St. Agnes Catholic Church in Arlington, VA, offers daily Masses, Sunday Masses, Spanish Masses and those sacraments present at most parishes, such as confe... Full Answer >Filed Under: -
Q:
What is the hierarchy of the Anglican church?
A: The Anglican Church, or Church of England, is governed by the Queen of England who oversees two archbishops, who in turn oversee the 108 bishops and their ... Full Answer >Filed Under: -
Q:
What is the difference between the Catholic church and the Church of England?
A: Some major differences between the Roman Catholic Church and the Church of England (Anglican) include women, gays and lesbians in the clergy; priests are a... Full Answer >Filed Under: -
Q:
What are the seven sacraments?
A: The seven sacraments in the Catholic Church are: Baptism, Eucharist, Confirmation, Reconciliation (also known as Penance), Holy Matrimony, Anointing of the... Full Answer >Filed Under:
