1.2bn

Finweek English Edition - - IN BRIEF -

The es­ti­mated num­ber of Ro­man Catholics around the world, with more than 40% living in Latin Amer­ica. The Catholic Church is seen as the rich­est re­li­gious in­sti­tu­tion in the world. While it is dif­fi­cult to quan­tify the church’s wealth, as many of its as­sets are priceless and will never be sold, such as art­works by Michelan­gelo and build­ings l i ke the Sistine Chapel, the Vat­i­can Bank man­ages €5.9bn (R77.5bn) and keeps gold re­serves worth more t han $ 20m ( R232.6m) with t he US Fed­eral Re­serve, ac­cord­ing to the In­ter­na­tional Busi­ness Times.

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