The church is a place where people gather to worship God through His Son, Jesus Christ. In the world today, there are various denominations in Christianity holding various doctrines and forms of worship but all centers around the teachings of Christ, its founder.
Among all these churches, which is the richest religious organization in the world in terms of assets, investments and even cash. We shall answer that question in the paragraph below, providing evidence and proof to support our claim.
Which Is The Richest Church In The World?
The Catholic Church is the oldest and richest church in the world and is by far the richest religious institution in history worth more than $150 billion financially. The Catholic Church is headed by the Pope at the Vatican, its headquarters, St. Peter’s Basilica which is the largest church building in the world.
It is worthy of note that the Catholic church is far richer than several countries and has been in existence since the time of the Apostles. In fact, all other churches in Christianity trace their roots from the Catholic church and she also has the largest congregation world-wide.
History of the Catholic Church
The Catholic Church traces its origin to the time of Jesus Christ and his apostles. After he appointed his 12 apostles, Jesus sent them to preach the gospel to the ends of the earth. Out of the twelve, he appointed St. Peter as the first Pope and told him to lead his flocks (Christians). Since the appointment of the first pope, St. Peter till date, the church holds the authority to make laws that govern the activities of the whole Christian faith.
The Catholic Church tradition teaches that it was during the time of the Pentecost when the Holy Spirit came upon the apostles that the church’s ministry began in earnest. Catholics believe that Saint Peter was the first bishop of Rome and he laid hands on Linus to be his successor, thereby continuing the unbroken line till the current pontiff, Pope Francis who is the 266th Pope of the Catholic church and sovereign of the Vatican City State.
Today, the Catholic church holds the highest population in Christendom and is also the wealthiest religious organisation in the world surpassing all other denominations such as the Church of England, The Church of Jesus Christ of Latter-Day Saints, Pentecostal and Episcopal churches. She has more than 3000 dioceses in almost every continent and can be found in every country of the world.
The wealth of the Catholic Church is believed to be worth more than $100 billion dollars. This has been argued as some scholars believe that it is impossible to calculate the treasures of the church due to the fact that the Catholic church has hidden treasures, artifacts, valuables and other ancient collections that most people don’t know about.
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