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Pope Francis' salary within the wealthy Vatican

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Rich and Famous

Today about the wealth of the Vatican

You probably wonder whether the Vatican has a lot of money around Easter. Is the Pope Catholic?! Well, at least Saint Francis has enough to spend, despite his salary. Incidentally, it was still questionable whether Pope Francis would make it to his Easter speech of 2023, but white smoke came out last week. "I'm still alive," said the Argentinian after his release from the hospital, where he had been admitted with breathing problems. And so the 86-year-old cleric can pant out his 'urbi et orbi' just in time during Easter.

Cardinals, unlike the pope, do receive a salary, but Francis has cut that considerably during the pandemic. Cardinals living in the Vatican or Rome earn between 4,000 and 5,000 euros per month, in addition to various privileges. In 2021 they had to hand in 10 percent, after which the amount of their income was frozen until 2023. Lower clergy, depending on their position, had to give up between 3 and 8 percent. The measures were met with strong criticism at the time.

Quite a few sources report that Pope Francis receives a salary of 32,000 euros per month, but this is incorrect. He does get an amount to spend on behalf of the Vatican, perhaps that is where the confusion arises. In any case, this does not benefit him, but is donated to churches, foundations, et cetera.

The fact is that the Vatican has a divine power, and we need not feel sorry for the pope, who does not receive a salary, but who does lead an organization in which money splashes up against the marble. The estimated wealth of the mini-state in Rome, with its own bank, is estimated at between 2.6 and 4 billion euros. But that doesn't include the insane amount of real estate in Rome and beyond. Pope Francis' personal net worth is not known, but we dare to say that he is the richest person on earth with a salary of 0 euros. Will there ever be a pope? Well, if we read the Biblical texts on it, it will take a while. The fact is that she will never earn as much as the richest woman on earth.

The Vatican is filthy rich, literally. When it comes to real estate, the Vatican City has more than 5,000 properties worldwide, most of which are located in Italy. About 40% of this consists of hospitals, schools and monasteries, but a large part is also residential and purchased as an investment. The total estimated value of the property is between tens and hundreds of billions of euros.





Source: manners