That is just what is uncovered in the investment market with one subsidiary.
They also own 2% of Florida[0], huge land tracts in Argentina, Oklahoma and elsewhere, and attractive urban real estate in most major metropolises including apartment complexes in PA. They centralize donation collection of tithes and good will offerings such that about 8% stays back at congregations (based on personal observation as the finance clerk across several congregations and the analogue of dioceses--wealthy congregations would regularly see $25k/week from 200 congregants and have a budget of ~$8k annually, but this offset with congregations in less affluent areas). They also have massive economic influence over Utah, surrounding states, and often growing suburbs.
They have a very diversified portfolio. As doctrine they take the second coming of Christ seriously and believe they will transform into the world wide government on his return.
For the record I left several years ago, but have many family members still heavily involved. It's an organization which does not allow you to leave with your dignity intact.
They also own 2% of Florida[0], huge land tracts in Argentina, Oklahoma and elsewhere, and attractive urban real estate in most major metropolises including apartment complexes in PA. They centralize donation collection of tithes and good will offerings such that about 8% stays back at congregations (based on personal observation as the finance clerk across several congregations and the analogue of dioceses--wealthy congregations would regularly see $25k/week from 200 congregants and have a budget of ~$8k annually, but this offset with congregations in less affluent areas). They also have massive economic influence over Utah, surrounding states, and often growing suburbs.
They have a very diversified portfolio. As doctrine they take the second coming of Christ seriously and believe they will transform into the world wide government on his return.
For the record I left several years ago, but have many family members still heavily involved. It's an organization which does not allow you to leave with your dignity intact.
[0] https://www.bizjournals.com/orlando/morning_call/2014/03/far...