Church has $100B in reserve, but one historian says its global expenses are steep | Episode 114
01.08.2020 - By Mormon Land
Questions persist inside and outside The Church of Jesus Christ of Latter-day Saints about the $100 billion reserve the faith has amassed in an investment account.
In this week’s “Mormon Land” podcast, historian D. Michael Quinn says the church’s reserves are actually much steeper than has been reported. But, he adds, so are its expenses, especially in supporting its global presence.
Quinn, a scholar who has done the deepest dive to date into the history of Latter-day Saint finances — his 2017 book, “Mormon Hierarchy: Wealth & Corporate Power,” remains the definitive volume on the subject — discusses the issue.