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What a bold statement, but it definitely has some essence to it. Some of the best estimates place the Vatican net worth in the neighborhood of $10 to $15 billion.

The Vatican has a very dense and widespread investment portfolio – holding billions of shares in the most powerful international corporations

With the new pope taking over, many older Vatican traditions began to change. The humble pope parted with the Vatican tradition of velvet capes, fur trims and solid gold rings. Instead he wears the same iron cross he had since he was anointed auxiliary bishop of Buenos Aires in 1992, paired with a very humble, silver papal ring. The presence of extravagant vestments is far out of sight, and the pope now wears simple, and modest whites.

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