Latter Day Saints Net Worth (Updated 2026).
The Latter Day Saints, often referred to as Mormons, trace their origins back to the early 19th century in upstate New York. Their story begins with Joseph Smith Jr., a charismatic young man who claimed to have received visions from God and angels, leading him to found the religion in 1830. Smith’s first publication, the Book of Mormon, quickly gained attention and sparked the movement that would become the Church of Jesus Christ of Latter-day Saints.
As the movement grew, so did its fame. The early Saints, as they called themselves, faced numerous challenges, including persecution and violence, which led them to relocate several times. Their most significant move was to the Great Salt Lake Valley in present-day Utah, where they established a thriving community and attracted worldwide attention. The Saints’ unique beliefs, practices, and communal living style set them apart, contributing to their growing notoriety.
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Latter Day Saints’ Current Net Worth (2025)
The Latter Day Saints, also known as Mormons, have an estimated net worth of $30 billion as of 2025. This figure includes the wealth of the Church of Jesus Christ of Latter-day Saints (LDS Church) and its members worldwide.
Career
Many Latter Day Saints pursue diverse careers, reflecting their global presence and the church’s emphasis on education. Common professions include business, education, healthcare, and technology. Notable members include business magnate Jon M. Huntsman Sr. and former U.S. Senator Mitt Romney.
Other Ventures
Beyond their careers, Latter Day Saints engage in various ventures, such as humanitarian efforts and cultural initiatives. The LDS Church operates the Perpetual Education Fund, which provides loans for higher education, and the Humanitarian Services division, which aids those affected by natural disasters.
Assets
The LDS Church possesses extensive assets, including over 150 temples worldwide, numerous meetinghouses, and historical sites. The church also owns the Deseret Management Corporation, which oversees various business ventures, including agriculture, broadcasting, and publishing.
Annual Income
In 2020, the LDS Church reported an annual income of $54.7 billion. This figure includes tithing (10% of income) from members, as well as income from the church’s various businesses and investments. The church also has significant real estate holdings, which generate rental income.
Frequently Asked Questions about Latter Day Saints
**Frequently Asked Questions: Latter Day Saints Net Worth**
1. What is the estimated net worth of the Latter Day Saints (LDS) Church?
The LDS Church’s net worth is estimated to be around $100 billion.
2. How does the LDS Church generate its wealth?
The LDS Church generates wealth through tithing, donations, investments, and the operation of various businesses and properties, including temples, meetinghouses, and farms.
3. What is tithing and how much does the LDS Church receive through it?
Tithing is a religious practice where members of the LDS Church donate 10% of their income to the Church. The exact amount received through tithing is not publicly disclosed, but it is a significant source of income.
4. How does the LDS Church use its wealth?
The LDS Church uses its wealth for various purposes, including construction and maintenance of meetinghouses and temples, humanitarian aid, education, and supporting its missionary program.
5. Does the LDS Church pay taxes?
As a registered nonprofit organization, the LDS Church is exempt from paying taxes on its income. However, it does pay property taxes and may pay taxes on some of its for-profit businesses.
6. What are some of the LDS Church’s most valuable assets?
Some of the LDS Church’s most valuable assets include its real estate holdings, including temples and meetinghouses, as well as its investments in various businesses and financial institutions.
7. How does the LDS Church’s wealth compare to other religious organizations?
The LDS Church is among the wealthiest religious organizations in the world, with an estimated net worth comparable to that of other large Christian denominations like the Catholic Church and the Southern Baptist Convention.
8. What role does the Quorum of the Twelve Apostles play in managing the LDS Church’s finances?
The Quorum of the Twelve Apostles, along with the First Presidency, oversees the financial management of the LDS Church. However, the day-to-day management is handled by the Church’s Correlation Department and its finance department.
9. How transparent is the LDS Church about its finances?
The LDS Church is not very transparent about its finances. It does not publicly disclose detailed financial information, and its annual reports do not provide a complete picture of its wealth and income.
10. Can members of the LDS Church access the Church’s wealth?
Members of the LDS Church do not have direct access to the Church’s wealth. The funds are managed by the Church for its operations, charitable works, and other purposes as determined by its leadership.
