How rich is the Mormon?
How rich is the Mormon? | June 29, 2023, 12:30 p.m. | Updated: 3:51 p.m. A mission to blanket the globe with temples is what motivates The Church of Jesus Christ of Latter-day Saints to maintain an investment portfolio worth $100 billion or more. That's the conclusion of an article published Thursday by The Wall Street Journal.
Why do Mormons own so much land?
The notion of owning land as a financial safeguard against devastation, both personally and at a community level, has remained deeply embedded in Mormon culture almost since the faith's 1830 founding.
How much property do the Mormons own?
With those caveats, their findings indicate the church owns at least 1,754,633 acres across 15,963 properties, with a minimum market value of $15.7 billion.