Categories: World

How much is the property of the Catholic Church costed

How much is the property of the Catholic Church costed

It is difficult to estimate the wealth of the Catholic ChurchHowever, according to grunge.com, its resources are so large that the National Post claims that its wealth is incalculable. How much, then, is the property of the Catholic Church costing today, albeit approximately?

The Catholic Church owns some of the world’s most prized works of art, such as The Creation of Adam. It is located in the Sistine Chapel in the Vatican and is a mural on the ceiling of the church, created by Michael Angelos himself. Michael Angelos worked on this project from 1508 to 1512 to complete it, spending most of these four years lying on his back. However, there is simply no way to estimate the value of such an epic work of art, reports grunge.com.

There is also the Vatican. Officially known as the Vatican City State, it is a city-state that became an independent state in 1929. Within its borders are some of the oldest and most invaluable church buildings, such as St. Peter’s Basilica, the Sistine Chapel, and its Palace. Vatican, as well as the Vatican Gardens.

Catholic Church: The most invaluable works of art in the world

Inside these buildings are some of the most invaluable works of art in the world such as the Stefaneschi triptych, the famous Raphael Halls inside the Vatican Palace, Caravaggio’s work “The Burial of Christ” and of course the insurmountable “Apocalypse”, the Excellent sculpture by Michael Angelos, which is considered his first work, one of the most important works of art in the western world. So while it is difficult to know for sure, according to some estimates the Vatican City is worth $ 15 billion, reports grunge.com.

And do not forget that there is also gold. A significant portion of the assets of the Catholic Church, be they buildings, objects or works of art, are to some extent made of gold. Experts estimate that the value of all the gold contained in the church exceeds $ 50 million, of which the Vatican Bank has about $ 20 million in reserves “to secure its investments,” grunge.com reports.

But, like the other assets of the Catholic Church, it is extremely difficult to get an accurate estimate of the value of the gold in their possession, because the church is a private institution.

The Catholic Church, however, has many other revenue streams. There is investment in industries or in land he owns all over the world. According to the National Post, overall, Vatican property is larger than Alberta, Canada.