Pope Francis’ Estimated Net Worth Released Despite Rejecting Salary as Pontiff

Pope Francis’ Estimated Net Worth Released Despite Rejecting Salary as Pontiff

  • Pope Francis, the first Latin American pontiff, led the Catholic Church into a new era of inclusion and reform following his election in 2013
  • Despite his position, he lived modestly, refusing a papal salary and prioritising charitable donations, reflecting his lifelong Jesuit values
  • His estimated net worth of $100 million accounts for the Vatican’s assets, though he personally rejected luxury, staying true to his commitment to humility and service

The late Pope Francis, born Jorge Mario Bergoglio, made history in 2013 when he assumed the papacy following Pope Benedict XVI’s resignation due to declining health. His appointment marked a significant milestone as he became the first Latin American pope, bringing a new era of acceptance and inclusivity to the Catholic Church.

From the moment he took office, Pope Francis led efforts to modernise the Church, advocating for compassion, dialogue, and engagement on issues once considered taboo. His tenure was characterised by humility, reform, and a commitment to serving the marginalised.

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Pope Francis’ Estimated Net Worth Released Despite Rejecting Salary as Pontiff
Pope Francis’ Estimated Net Worth Released Despite Rejecting Salary as Pontiff. Photo credit: IronHeart/GettyImages
Source: Getty Images

Pope Francis’ Stance on Wealth and Papal Salary

Despite his high-ranking position, Pope Francis was known for his modest lifestyle. Unlike previous popes, he refused to accept wages from the Vatican, rejecting luxury and instead redirecting resources towards charitable causes.

The standard papal salary of $32,000 per month was never received by Pope Francis, as he chose to donate or place the funds in trust rather than benefit from them personally. His decision reflected his lifelong Jesuit values, prioritising faith and service over material wealth.

Estimating Pope Francis’ Net Worth

Although Pope Francis never received a salary, his position as head of the Catholic Church granted him access to various assets and resources, contributing to an estimated net worth of $100 million. This figure accounts for official residences, vehicles, and Vatican resources available to him throughout his tenure.

Despite having five cars at his disposal and significant institutional wealth within the Church, Pope Francis remained committed to a humble lifestyle, consistently emphasising the importance of simplicity and service.

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First words of acting Pope released after the death of Pope Francis

Pope Francis’ Estimated Net Worth Released Despite Rejecting Salary as Pontiff
Pope Francis’ Estimated Net Worth Released Despite Rejecting Salary as Pontiff
Source: Getty Images

Legacy of Pope Francis

Pope Francis’ leadership left a lasting impact, shaping the Church with a philosophy rooted in love, inclusion, and reform. His dedication to ethical governance and social justice has ensured that his legacy will continue to inspire future generations of Catholics and global leaders alike.

Family of Pope Francis Finally Breaks Silence

Legit.ng earlier reported that the Argentine family of Pope Francis honoured his life and legacy with a moving tribute following his passing on April 21.

The 88-year-old pontiff, who had battled double pneumonia before suffering a fatal stroke and heart failure, was remembered for his humility, compassion, and dedication to the most vulnerable.

His grandniece, Dr. Carolina Bergoglio, expressed her grief on Facebook, calling his death “a profoundly symbolic moment in the history of humanity.” “The death of Pope Francis marks a profoundly symbolic moment in the history of humanity. He was a spiritual leader who knew how to speak to the heart of the world with humility, closeness, and a profoundly human perspective.”

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Source: Legit.ng

Authors:
Basit Jamiu avatar

Basit Jamiu (Current Affairs and Politics Editor) Basit Jamiu is a journalist with more than five years of experience. He is a current affairs and politics editor at Legit.ng. He holds a bachelor's degree from Ekiti State University (2018). Basit previously worked as a staff writer at Ikeja Bird (2022), Associate Editor at Prime Progress (2022), and Staff Writer at The Movee (2018). He is a 2024 Open Climate Fellow (West Africa), 2023 MTN Media Fellow, OCRP Fellow at ICIR, and Accountability Fellow at CJID. Email: basit.jamiu@corp.legit.ng.

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