In the immediate aftermath of the announcement, on Feb. We want to connect with Canadians on the ground who are making the pilgrimage to the Vatican for the election of the next pope. If you or someone you know is going over or has already arrived send us an email at community cbc.
On Tuesday, the Vatican shed some clarity on that issue by announcing that Benedict will keep his papal name, instead of reverting to Joseph Ratzinger, and will be referred to as "pope emeritus. Vatican spokesman Rev. Federico Lombardi said that Benedict himself made the decision in consultation with others. However, the retiring pope will also have to give up a number of his ecclesiastical goods, including many that are steeped in the history and symbolism of the Church such as his papal ring and red shoes.
The gold ring, which bears an image of St. Peter and the current pope's name, is used as a papal seal and is always destroyed at the end of a papacy, usually when the office-holder dies. The BBC reported that Benedict's ring will be smashed by a specially designed silver hammer. The ring "is a sign of authority of a particular pope and so that's why it's so important that the ring itself is destroyed once a papacy ends, so that no one can assert that authority except within whom it has been invested," Dennis told CBC News.
Moreover, Pope Francis holds control of various assets in the Vatican. These assets do not add up to his net worth. If you have read that article, you might ask what is the net worth of the Catholic Church around the world.
That is a really hard question to answer. In fact, it is really impossible to know how much money does the Catholic Church have. Moreover, in the s, Italian media have discovered that the Vatican had invested in entities that can cost thousands of dollars. However, the question that can be answered is: how rich is the Vatican Bank? But, there are no possibilities to count the Catholic Church net worth because they own churches, cathedrals, and many other buildings all around the world.
Do not understand how the pope has such a fortune. In so doing is he really following Jesus who did not have money and warned us about not amassing treasures on earth. As a Catholic it offends me deeply to know of his fortune. Please, I need an answer as it troubles me. This very good article has a typo. Pope Francis was born in I have known that, because he is 1 year my senior.
His ex-wives and kids will split it all equally as is the way of magnanimity and egalitarian brotherhood within the Catholic Church. Save my name, email, and website in this browser for the next time I comment. Dale Wilson July 29, at pm Reply. It says he was born in surely this is a mistake. The pope is about 80 years old.
Denise August 1, at am Reply. Carlos Latapie September 2, at am Reply. Bob October 23, at pm Reply. Shaun Joseph sixtus November 28, at pm Reply. Let's start with the basics: The pope emeritus will receive a monthly pension of 2, euros, according to Italian newspaper La Stampa.
Few people will actually qualify for that amount. For starters, you would have to wait until 70 to retire. So it's important, but people rely a lot on other savings, like pensions or k savings," Johnson said. A big nest egg is not something the pope emeritus has to worry about. The Roman Catholic Church will cover his living expenses, provide him with a spacious home inside the Vatican and pay for everything from cooked meals to housekeepers, according to The Telegraph.
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