Sell the Vatican
Sell the Vatican
Out of context: Reply #5
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- utopian0
Vatican Net Worth
In 1994, the audit listed:
- 1,483 billion lire in assets [About $848 million]: -
- 732 billion lire [about $419 million] in liabilities (in the
"Consolidated Financial Statements of the Holy See" (410 billion in
cash, 479 billion in stocks and bonds, 29 billion in gold, and 470
billion in fixed assets - investments and real-estate) . 269 billion
lire are in deposits and accounts of Vatican entities, 96 billion for
employees' severance indemnities and 262 billion at the value of
pensions to present employees;
- 750 billion are in net assets [$430 million].1994 value: $550,000,000,000 Billion Dollars
*Not bad for a hypocritical business empire