Mormon Church Could Be a $1 Trillion Denomination in 20 Years+ Never Need to Collect Tithes Again
Imagine a denomination so wealthy it could cover all its current expenses “forever” without a single penny more from congregants. This is the reality for The Church of Jesus Christ of Latter-day Saints, boasting an eye-watering estimated wealth of $236 billion in 2022 and on track for $1 trillion by 2044.
The non-christian cult has so many investments, and its investment portfolio is so vast that it could cover all its expenditures in perpetuity with just a 4.25% annual return on its multi-billion dollar endowment, according to a report from The Widows Mite. The denomination’s wealth is exclusively managed by Ensign Peak Advisors, who were recently fined for hiding a $32 billion portfolio behind a shell corporation.
It’s gotten to the point where when questioned if impoverished church members could be exempt from paying tithes, Elder David A. Bednar said that the church doesn’t need their money, but still believed they should tithe anyway.
In short, they’re not going anywhere.
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Grifting off of the Old Testament is so 2020s