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Old 10-02-2003, 06:04 PM   #1
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Default How Much does the Mormon Church (LDS) own?

I am looking for good info about just how huge the ungodly (or in this case godly?? ) amount of land and buildings and people...etc the LDS have. I have looked for a while and all I can find is old (196x) books that have info, but I want an up-to-date version.

Is it true that they own: most of hawaii? CBS?

Also, fitting into the same category, what kind of money laundering system do these guys have?

I'm not sure where this goes, maybe it is better placed in CSS&SA, because this is a tax evasion issue, too.

-Z

Thanks and happy hunting!!
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Old 10-02-2003, 09:20 PM   #2
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Hmmm, I thought the Dole pineapple company owns more of Hawaii than anyone else, including an entire island (Kauai or something). Wouldn't surprise me to hear that the Mormons own a big chunk of Utah though.
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Old 10-02-2003, 09:36 PM   #3
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http://www.xmission.com/~country/reason/lhm1097b.htm

Apparently Time magazine ran an article in 1997 called "Mormon Inc" exposing their assets. The link above is to a summary and opinion piece about the article. Some figures and names and whatnot at least as leads.

Quote:
"THE TOP BEEF RANCH IN THE WORLD IS NOT the King Ranch in Texas. It is the Deseret Cattle & Citrus Ranch outside Ireland, Fla. It covers 312,000 acres; its value as real estate alone is estimated at $858 million. It is owned entirely by the Mormons

The largest producer of nuts in America, AgReserves, Inc., in Salt Lake City, is Mormon-owned. So are the Bonneville International Corp., the country's 14th largest radio chain, and the Beneficial Life Insurance Co., with assets of $1.6 billion.

"The church's material triumphs rival even its evangelical advances. With unusual cooperation from the Latter-day Saints hierarchy (which provided some financial figures and a rare look at church businesses), Time has been able to quantify the church's extraordinary financial vibrancy. Its current assets total a minimum of $30 billion. If it were a corporation, its estimated $5.9 billion in annual gross income would place it midway through the FORTUNE 500, a little below Union Carbide and the Paine Webber Group but bigger than Nike and the Gap.
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