Quote:
Originally Posted by Mormon Red Death
The LDS church's net worth is very high because they own so much property throughout the world.
Just think how much this temple must be worth for the land alone
http://www.ldschurchtemples.com/hongkong/
If there ever was a cash crunch for the church they could always sell off some of their property |
Yeah I can't imagine any real reason for the church to have very much liquid wealth. I would think that substantially all the money goes to operating the church and other good works, and buying rainy day hedges such as real estate. I would imagine that is the feeling among the brethren too but who knows. There is no shortage of need for that money for good causes and I imagine they spend as much of it that way as they wisely can.