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Inside The Trillionaire Lifestyle Of The Vatican

1 Views· 07/24/22
Loick Touankam
Loick Touankam
2 Subscribers
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Inside The Trillionaire Lifestyle Of The Vatican

Vatican City, home to the Roman Catholic Church, is at the heart of numerous scandals and at the center of countless conspiracy theories. We know the state is rich but how rich is it? And where does it get its money from?

The Vatican is the world's smallest country, with an economy (and nearly everything else) wrapped in secret. The Vatican's wealth is estimated to be around $10 billion to $15 billion by bankers. Italian stockholdings account for $1.6 billion of this wealth, accounting for 15% of the value of listed shares on the Italian market. The Vatican has considerably large holdings in areas of banking, insurance, chemicals, steel, construction, and real estate. Dividends help pay for Vatican costs and charitable causes such as supporting 1,500,000 children and providing some food and clothes to 7,000,000 impoverished Italians.
Because the Vatican has disclosed relatively little information about its finances and assets throughout the ages, most people are unaware of how it produces money as a sovereign city-state with its own economy. The Vatican is located within the city of Rome and covers 110 acres with a population of less than 1,000 people, making it the world's smallest nation. While the Vatican is modest in size, it has tremendous financial influence because of its extensive investments in banking, real estate, and private industries.


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