▲ 379 ▼ the LDS church controls $8.3 trillion in wealth. They could afford to flood Ukraine with biblically accurate fighter jets. These would cover more ground than bicycles (lemmy.world) submitted 2 years ago by Agent641@lemmy.world to c/noncredibledefense@sh.itjust.works 50 comments fedilink hide all child comments
[–] Pyro@programming.dev 78 points 2 years ago (5 children) $8.3 trlllion in wealth That is like 10 times the US yearly military budget. Where are you getting these numbers from? permalink fedilink source hideshow 10 child comments replies: [–] Forester@yiffit.net 46 points 2 years ago* (1 child) No clue. I'm seeing closer to 300 billion sited. permalink fedilink source parent hideshow 2 child comments replies: [–] The_v@lemmy.world 29 points 2 years ago Nobody knows the exact number as they hide their wealth using all sorts of shady methods. We do know they had more than 100 billion in just one investment account. They also own over 1 million acres of agricultural land, and large amounts of commercial real estate. Tracking all the business entities they own around the world is also difficult as they commonly use shell companies and other methods to hide their ownership. Any estimate you find is just a guess. permalink fedilink source parent [–] thefartographer@lemm.ee 18 points 2 years ago I think they messed up their decimal point. I just made a modest donation, so they should have around $83 Trillion permalink fedilink source parent [–] sugar_in_your_tea@sh.itjust.works 9 points 2 years ago This is non-credible defense, I think you know where those numbers come from. permalink fedilink source parent [–] Ummdustry@sh.itjust.works 6 points 2 years ago (3 children) Sounds like bullshit ngl number of mormons (17 million) times the average american net worth (1 million) = 17 trillion. Does the temple literally own half the wealth of their congregation? permalink fedilink source parent hideshow 6 child comments replies: [–] nBodyProblem@lemmy.world 10 points 2 years ago (2 children) They collect a tithe of 10% of members’ income from the entire congregation. Most people accumulate less than 10% of their income as net worth annually So yes, quite possibly they do. permalink fedilink source parent hideshow 4 child comments replies: [–] GenosseFlosse@feddit.org 4 points 2 years ago* Plus, they have been around fore more than 190 years. With smart investments and only 5% growth per year, your wealth doubles over 15 years. They also own land, so with land value going up they made a lot of profit if they just rent it out. permalink fedilink source parent [–] Corkyskog@sh.itjust.works 2 points 2 years ago And when those 10% get invested you get good returns... then when you have a large pool of money you can join use the TBTF cheat squads to earn a very high return with minimal risk. permalink fedilink source parent [–] Unboxious@ani.social 6 points 2 years ago* And that's assuming that all 17 million mormons the LDS church claims to have actually exist. It's kind of annoying to get deleted from their rolls, so a lot of people who leave don't bother. Also, many of those 17 million live in much poorer nations than the US. permalink fedilink source parent [–] HeyThisIsntTheYMCA@lemmy.world 5 points 2 years ago That 17 million is a vast overestimation of their worldwide attendance. Real numbers, based off of cellphone data, are closer to 4 million. permalink fedilink source parent [–] Agent641@lemmy.world [S] 4 points 2 years ago I was counting in Hryvnias permalink fedilink source parent
[–] Forester@yiffit.net 46 points 2 years ago* (1 child) No clue. I'm seeing closer to 300 billion sited. permalink fedilink source parent hideshow 2 child comments replies: [–] The_v@lemmy.world 29 points 2 years ago Nobody knows the exact number as they hide their wealth using all sorts of shady methods. We do know they had more than 100 billion in just one investment account. They also own over 1 million acres of agricultural land, and large amounts of commercial real estate. Tracking all the business entities they own around the world is also difficult as they commonly use shell companies and other methods to hide their ownership. Any estimate you find is just a guess. permalink fedilink source parent
[–] The_v@lemmy.world 29 points 2 years ago Nobody knows the exact number as they hide their wealth using all sorts of shady methods. We do know they had more than 100 billion in just one investment account. They also own over 1 million acres of agricultural land, and large amounts of commercial real estate. Tracking all the business entities they own around the world is also difficult as they commonly use shell companies and other methods to hide their ownership. Any estimate you find is just a guess. permalink fedilink source parent
[–] thefartographer@lemm.ee 18 points 2 years ago I think they messed up their decimal point. I just made a modest donation, so they should have around $83 Trillion permalink fedilink source parent
[–] sugar_in_your_tea@sh.itjust.works 9 points 2 years ago This is non-credible defense, I think you know where those numbers come from. permalink fedilink source parent
[–] Ummdustry@sh.itjust.works 6 points 2 years ago (3 children) Sounds like bullshit ngl number of mormons (17 million) times the average american net worth (1 million) = 17 trillion. Does the temple literally own half the wealth of their congregation? permalink fedilink source parent hideshow 6 child comments replies: [–] nBodyProblem@lemmy.world 10 points 2 years ago (2 children) They collect a tithe of 10% of members’ income from the entire congregation. Most people accumulate less than 10% of their income as net worth annually So yes, quite possibly they do. permalink fedilink source parent hideshow 4 child comments replies: [–] GenosseFlosse@feddit.org 4 points 2 years ago* Plus, they have been around fore more than 190 years. With smart investments and only 5% growth per year, your wealth doubles over 15 years. They also own land, so with land value going up they made a lot of profit if they just rent it out. permalink fedilink source parent [–] Corkyskog@sh.itjust.works 2 points 2 years ago And when those 10% get invested you get good returns... then when you have a large pool of money you can join use the TBTF cheat squads to earn a very high return with minimal risk. permalink fedilink source parent [–] Unboxious@ani.social 6 points 2 years ago* And that's assuming that all 17 million mormons the LDS church claims to have actually exist. It's kind of annoying to get deleted from their rolls, so a lot of people who leave don't bother. Also, many of those 17 million live in much poorer nations than the US. permalink fedilink source parent [–] HeyThisIsntTheYMCA@lemmy.world 5 points 2 years ago That 17 million is a vast overestimation of their worldwide attendance. Real numbers, based off of cellphone data, are closer to 4 million. permalink fedilink source parent
[–] nBodyProblem@lemmy.world 10 points 2 years ago (2 children) They collect a tithe of 10% of members’ income from the entire congregation. Most people accumulate less than 10% of their income as net worth annually So yes, quite possibly they do. permalink fedilink source parent hideshow 4 child comments replies: [–] GenosseFlosse@feddit.org 4 points 2 years ago* Plus, they have been around fore more than 190 years. With smart investments and only 5% growth per year, your wealth doubles over 15 years. They also own land, so with land value going up they made a lot of profit if they just rent it out. permalink fedilink source parent [–] Corkyskog@sh.itjust.works 2 points 2 years ago And when those 10% get invested you get good returns... then when you have a large pool of money you can join use the TBTF cheat squads to earn a very high return with minimal risk. permalink fedilink source parent
[–] GenosseFlosse@feddit.org 4 points 2 years ago* Plus, they have been around fore more than 190 years. With smart investments and only 5% growth per year, your wealth doubles over 15 years. They also own land, so with land value going up they made a lot of profit if they just rent it out. permalink fedilink source parent
[–] Corkyskog@sh.itjust.works 2 points 2 years ago And when those 10% get invested you get good returns... then when you have a large pool of money you can join use the TBTF cheat squads to earn a very high return with minimal risk. permalink fedilink source parent
[–] Unboxious@ani.social 6 points 2 years ago* And that's assuming that all 17 million mormons the LDS church claims to have actually exist. It's kind of annoying to get deleted from their rolls, so a lot of people who leave don't bother. Also, many of those 17 million live in much poorer nations than the US. permalink fedilink source parent
[–] HeyThisIsntTheYMCA@lemmy.world 5 points 2 years ago That 17 million is a vast overestimation of their worldwide attendance. Real numbers, based off of cellphone data, are closer to 4 million. permalink fedilink source parent
[–] Agent641@lemmy.world [S] 4 points 2 years ago I was counting in Hryvnias permalink fedilink source parent
