Vatican City confirmed the passing of Pope Francis at the age of 88. He had been unwell for several days and was undergoing medical treatment. Despite his declining health, he recently met with U.S. Vice President J.D. Vance. Pope Francis served as the head of the Catholic Church for over a decade, guiding millions of followers with his humility and dedication. His death marks the end of a significant chapter in the Church’s modern history, as he was known for his unique approach and compassionate leadership.
Unlike his predecessors, Pope Francis never accepted a salary during his tenure. After becoming pope in 2013, he refused to take any monetary compensation from the Church, even though the role traditionally comes with a salary. Reports suggest that the current papal salary is approximately $32,000 per month. However, Francis preferred to donate any such allowances to charitable causes, contribute to foundations, place them in trusts, or give them to family members. His stance reflected his lifelong commitment to simplicity and detachment from material wealth.
Despite not accepting a salary, Pope Francis reportedly left behind assets valued at around $16 million. These include five cars registered in his name and other privileges and benefits associated with his papal duties. While he didn’t receive a paycheck, the monetary equivalent of his role still added to his overall estate. His estate reflects not personal accumulation but rather institutional assets connected to his position. The transparency around his wealth continues to align with the humble and transparent image he maintained throughout his life.
Born Jorge Mario Bergoglio in Argentina, Pope Francis made history in 2013 by becoming the first Latin American pope following the resignation of Pope Benedict XVI. His tenure was marked by a strong emphasis on modest living and social justice, rooted deeply in Jesuit values. Known for choosing simple accommodations and rejecting luxury, Francis inspired millions with his personal integrity. The Vatican had even clarified back in 2001, before he became pope, that he never accepted money from the Church during his earlier service, highlighting a lifelong consistency in values.
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While Pope Francis lived modestly, the Catholic Church continues to hold significant financial and material assets across the globe. These assets, ranging from real estate to investments, contribute greatly to the Church’s financial strength. Francis’ personal detachment from wealth stands in contrast to the Church’s economic presence, yet he worked toward increased transparency and accountability in its financial operations. His leadership reshaped public perception of the Church’s approach to wealth, urging a focus on spiritual responsibility and service over material accumulation.