Nobody knows the exact number as they hide their wealth using all sorts of shady methods. We do know they had more than 100 billion in just one investment account. They also own over 1 million acres of agricultural land, and large amounts of commercial real estate. Tracking all the business entities they own around the world is also difficult as they commonly use shell companies and other methods to hide their ownership.
They collect a tithe of 10% of members’ income from the entire congregation. Most people accumulate less than 10% of their income as net worth annually
That is like 10 times the US yearly military budget. Where are you getting these numbers from?
No clue. I’m seeing closer to 300 billion sited.
Nobody knows the exact number as they hide their wealth using all sorts of shady methods. We do know they had more than 100 billion in just one investment account. They also own over 1 million acres of agricultural land, and large amounts of commercial real estate. Tracking all the business entities they own around the world is also difficult as they commonly use shell companies and other methods to hide their ownership.
Any estimate you find is just a guess.
I think they messed up their decimal point. I just made a modest donation, so they should have around $83 Trillion
I was counting in Hryvnias
Sounds like bullshit ngl number of mormons (17 million) times the average american net worth (1 million) = 17 trillion.
Does the temple literally own half the wealth of their congregation?
They collect a tithe of 10% of members’ income from the entire congregation. Most people accumulate less than 10% of their income as net worth annually
So yes, quite possibly they do.