The elected cardinal is asked if he accepts the position. If he states that he does, the cardinals come forward one by one to profess their allegiance to the new pope. The new pope is then fitted with his new vestements. The senior cardinal-deacon then appears on the balcony of Saint Peter's Basilica and announces to the world "Habemos Papam!" (We have a pope) and then announces his name. Moments later the new pope appears on the balcony and may give a short speech and bless the people gathered in St. Peter's square.
Popes are not elected on a yearly basis. Once elected, they remain as pope until they die or resign. The current pope, elected on March 13, 2013, is Pope Francis.
After the a vote is taken the ballots are burned in a stove in the Sistine Chapel and chemicals mixed with them. If the smoke is black, no pope has been elected. If the smoke is white, a new pope has been chosen.
If the pope has abdicated or resigned, a new pope is elected to fill the vacancy.
Technically, all you need to be to qualify to be elected as pope is be a male baptized Catholic. However, it has been centuries since a pope has been elected who was not a cardinal.
A new pope is elected by the College of Cardinals.
The man elected as pope does not have to be ordained. However, once he is elected as pope he must be ordained as a bishop before he can be installed as pope. An example is Pope Elect Stephen II. He was a layman who was elected as pope. Before he could be made a bishop, however, he died, just two days after his election. Therefore, having never been a bishop, he is not considered to have been a pope,
For several centuries the pope has been elected from among the cardinals. It is not a requirement but has become a tradition.
While he was elected pope only once, Benedict IX served as pope three times. He was a disgusting, vile, immoral individual who was a disgrace to the Chair of Saint Peter. To read more about him, click here.
No, you do not have to be wealthy to be the pope. Once elected as pope, you receive no salary but all your living expenses are paid for by the Catholic Church.
There have been a number of popes who were not cardinals. Pope Urban VI, pope from 1378 to 1389, was the last Pope to be elected from outside the College of Cardinals.
Until July 2 of 311 the papacy was experiencing sede vacant as no pope had been elected. On July 2 Pope St. Miltiades was elected.
He was elected pope at the age of 76.