When asked why he took the name Francis, the current pope said he was thinking of Francis of Assisi, who extolled the virtues of poverty.
“Oh, how I would like to see a poor church for poor people,” he said, shortly after being elected in 2013.
This is in stark contrast to the 2013 figures released by the archdiocese of Cologne, which has recorded assets of €3.35 billion, or about $3.81 billion, according to its balance sheet.
Cologne, possibly the richest diocese in the world, is the first one in Germany to release a balance sheet, audited according to German commercial code.
Of the total, €2.4 billion is held in financial investments and €612 million in real estate.