The Catholic Church’s leader and the sole ruler of the independent Vatican City State, Pope Benedict XVI, passed away on December 31, 2022 at the age of 95. Online condolences and memorials for the late Pope Benedict XVI flooded social media shortly after the news of his death spread. The great pontiff has a reputation for being extraordinarily well-read and knowledgeable. Read on to learn more about the wealth he amassed as a result of his services.
Pope Benedict XVI Net Worth
Several sources point out the net worth of Pope Benedict estimated to be $2.5 million. After he resigned as Pope, he reportedly began receiving a monthly pension of $3,300, as reported by CNBC. The Church paid for his basic needs, such as food and shelter. Pope lived all his days in retirement at the Mater Ecclesiae monastery inside the Vatican. On Saturday, he died in the same place.
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Pope Benedict XVI’s Priesthood
Pope Benedict XVI was the leader of the Catholic Church and the ruler of the Vatican City State. He was the leader of the Roman Catholic Church in the Vatican for almost eight years. “I am well aware that because of its essential spiritual element, this ministry must be carried out not only with words and deeds, but no less with prayer and suffering,” he reportedly said at the time to the BBC. He entered the priesthood in 1951 in Germany. He became the Congregation for the Doctrine of the Faith’s Prefect in 1981.
After beginning his religious career as a priest in 1951, he was elevated to the rank of cardinal in 1977 and eventually became Pope John Paul II’s most trusted theological advisor. Pope Benedict XVI was born on April 16, 1927, in the German town of Marktl. He became the first pope to resign from office since the 1400s in 2013. Born Joseph Aloisius Ratzinger, he was elected to lead the Catholic Church in 2005. Before becoming Pope, he oversaw the Catholic Church’s Congregation for the Doctrine of the Faith, which investigated allegations of sexual abuse.
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Final Thoughts
Born Joseph Aloisius Ratzinger, he was chosen to lead the Catholic Church in 2005. In 2013, he became the first pope to resign since the 1400s. For many years before he became Pope, he oversaw the Catholic Church’s Congregation for the Doctrine of the Faith, which was responsible for investigating and responding to allegations of sexual abuse within the church. With all these years serving as a Priest, Pope is estimated to amass notable wealth.
