Is the Mormon Church rich

Answer 1

The Mormon religion is is not the wealthiest in the world. The Mormon church as a whole get the funding from tithing. In the Mormon religion it is believed that paying tithing saves you in the last days (when Jesus comes again). People who pay it pay it by choice. They are definitely not forced to pay tithing. Tithing is 10% of the money that you get (even pocket money). Mormons use this money to build temples, wards and help people in need. In fact the Mormon church is always one first to help after a disaster or others in need. Many people call this church the Mormon church but this is really a nickname. The church is really called the Church of Jesus Christ of Latter-Day Saints. LDS is also another nickname.

Answer 2

TIME has been able to quantify the church's extraordinary financial vibrancy. Its current assets total a minimum of $30 billion. If it were a corporation, its estimated $5.9 billion in annual gross income would place it midway through the FORTUNE 500, a little below Union Carbide and the Paine Webber Group but bigger than Nike and the Gap.

Last year $5.2 billion in tithes flowed into Salt Lake City, $4.9 billion of which came from American Mormons. By contrast, the Evangelical Lutheran Church in America, with a comparable U.S. membership, receives $1.7 billion a year in contributions. So great is the tithe flow that scholars have suggested it constitutes practically the intermountain states' only local counterbalance in an economy otherwise dominated by capital from the East and West coasts.

Answer 3

No, certainly not. The wealth of members of the Church of Jesus Christ of Latter-day Saints (the "Mormon" church) mirrors that of others in their country or region. It is true that the average Mormon tends to be more highly educated than the average non-Mormon, and therefore may have a higher paying job, but Mormons also have larger families than average and therefore have more expenses. Most Mormons are middle-class.