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Posted by: kookoo4kokaubeam ( )
Date: October 06, 2010 03:23PM

OK, help me out here if i'm in error.

The LDS Church is a Corporate Sole. Everything is held by and under the Corporation of the President of the Church of Jesus Christ of Latter Day Saints - which basically means that the President of the church owns it. Right?

If this is so, then the LDS Church President then has a net worth of billions of dollars. Right?

So if this is true, why isn't the current LDS President, Prophet, Seer and Revelator ever included with the Warren Buffets and Bill Gates of the world?

Just wonderin.

Edited 1 time(s). Last edit at 10/06/2010 03:23PM by kookoo4kokaubeam.

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Posted by: Emma's Flaming Sword ( )
Date: October 06, 2010 06:45PM

Didn't Forbes estimate the church being worth 60-70 Billion?

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Posted by: matt ( )
Date: October 06, 2010 06:48PM

Good point!

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Posted by: Mo Larkey ( )
Date: October 06, 2010 06:54PM

Does the Corp of the presiding bishoprick own everything or just some things.. I'd like to see if maybe he is up there with gates and buffet and get him properly credited with being one of the wealthiest men in the USA

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Posted by: Shummy ( )
Date: October 06, 2010 07:48PM

Technically and literally he is richer than Gates & Buffet combined .... who as we know both have more money than anyone but God.

Wonder if TBMs ever ponder that thought when their prophet chastises them financially to the poor house.

Nevertheless, as Steve has shown us, in practical reality the autopen is mightier than the sword. Tom's vast personal wealth is subject to manipulators unknown.

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Posted by: JoD3:360 ( )
Date: October 06, 2010 08:00PM

As Corporate Sole, Thom is technically the only member of the church.
THE COJCOLDS is only a trademark of the Corporation of the President.

The Corporation of the Presiding Bishopric is a subsidiary which manages all of the materiel and finances.

And as for the membership, it does not really exist except as data in the Intellectual Reserve, Inc.

People just willingly contribute to the Corporate Sole in time money and support, all the while never knowing that they are really just a fan base.

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