Pope Leo XIV net worth: Here's how much salary the new pope Robert Prevost will receive and what assets he owns

The bells of St. Peter's Basilica rang out, and white smoke billowed from the stovetop chimney atop the Sistine Chapel on Thursday afternoon local time, indicating that a new pope had been chosen by the cardinals.

The first American to be elected pope in the 2,000-year history of the Catholic Church is Cardinal Robert Prevost, a missionary who served as a minister in Peru and now heads the Vatican's influential office of bishops.

According to a senior cardinal deacon, he has decided to go by Leo XIV.

As the first American pope, the 69-year-old Chicago native is regarded as a church diplomat. With Pope Francis's passing this past April, Prevost takes over as Peter's successor.

Pope Leo XIV's new role as head of the Catholic Church has sparked interest, not only in his faith and leadership, but also in his finances. It turns out that money is not the driving force behind the papacy. Pope Leo XIV, like his predecessor, Pope Francis, prefers a simple lifestyle.

Do popes get a salary?

The head of the Roman Catholic Church does not receive a traditional salary. Instead, the Vatican covers the pontiff's expenses through stipends and allowances, covering things like housing, food, and transportation, as per reports by Fox News and The AP.

What assets does the pope have access to?

A number of resources are made available to popes. They have access to cars as well as other perks related to their position, as per a report.

How much is Pope Leo XIV's net worth?

Although Robert Francis Prevost's current wealth is unknown, it is said that he received a monthly salary of between 4,000 and 5,000 euros while serving as a cardinal, as per a report by Merca20.

What is Pope Leo XIV going to make?

The pope does not get paid like cardinals do because the Vatican pays for all of his necessities, such as clothing, food, medical care, and other things. As a result, Leo XIV will not be paid for his position as Supreme Pontiff.

The first American pope, Robert Francis Prevost, was born in Chicago in 1955. He became a member of the Order of St. Augustine in 1977, received his priestly ordination in 1982, and went on to Rome to obtain a doctorate in Canon Law. He attended Villanova University to study mathematical sciences as well.

How wealthy is the Catholic Church compared to the pope?

As an organisation, the Catholic Church is extremely wealthy. The church's substantial global asset holdings support its financial stability.

FAQs

Will Pope Leo XIV receive a salary?
Popes do not receive a personal income; the Vatican pays for all of their necessary living expenses.

What is Pope Leo XIV's net worth?
His net worth is unknown, but as a cardinal, he reportedly earned between €4,000 and €5,000 per month.