A Time Magazine report suggested that in 1996 the Mormon Church collected $5.2 billion in tithing money. Church membership has increased 20% since then. At that time, Time Magazine estimated Church assets, which include real estate and some for-profit businesses, to be worth about $30 billion. This money is meticulously managed in order to maximize its benefits, benefits which include an extensive humanitarian program. According to Time, if the Mormon Church were a corporation, it would be listed on the Fortune 500 above Nike and the Gap. How does the Church have so much money?
|AgReserves Inc, Salt Lake City, Utah||The largest producer of nuts in America, part of the Mormon welfare system.|
|Beneficial Life Insurance Co.||Assets exceeding $1.6 billion.|
|Bonneville International Corporation||The 14th largest radio chain in the U.S., used to broadcast the LDS biannual general conference.|
|Deseret Cattle and Citrus Ranch in Orlando, Florida||The world’s largest beef ranch (312,000 acres). The land alone is worth $858 million. The ranch is part of the LDS welfare system.|
|Farmland Reserve, Inc||Owns 228,000 acres in Nebraska, second only to Ted Turner’s 290,000. Also owns land east of Orlando, appraised at $10 million. The reserve is part of the LDS welfare system.|
|Polynesian Cultural Center, Hawaii||The leading for-profit visitor attraction in Hawaii.|