What is the net worth of the Watchtower Society?

by R.F. 28 Replies latest watchtower scandals

  • R.F.
  • badboy
    badboy

    WE ARE TALKING BILLIONS ,PERHAP A TRILLION DOLLARS.

  • R.F.
    R.F.

    I was talking recently with a gentleman in my congregation that served at bethl for a short while. He mentioned the huge bank roll they have. I would love to have an approximate figure.

  • Junction-Guy
    Junction-Guy

    This is only my guess, but if you take into consideration all of the kingdom halls, all of their branch offices, and printing facilities, all of their stocks, all of their bank accounts. I would imagine anywhere from 200 Billion to a trillion, this is only my guess.

  • LanDi
    LanDi

    This is a difficult one, because the information is a little hard to come by. Word is that the WTS refuses to publish the details because its enemies "may distort the information" and use it to hinder the good news ( paraphrasing here but that is the basic message)

    The worth is is difficult to estimate, the value of land and property will sky rocket as we get more overcrowded in this world. They have an awful lot of both ! According to Diane Wilson (Awakening of a Jehovahs Witness), they budgeted $50 million for the refurbishment of a building project, this doubled (despite all the free labour that the Dubs " give to Jehovah " HOW???) and one of the head honchoes said to her " No matter how much we spend the amount we have in the bank never decreases. Its wonderful to see how Jehovah provides ". So they have significant resources . Where from ? The magazines were sold for seemingly pittance (don't be misled! Some larger commercial magazines will sell for approximately the same - take into account cuts [ distributer/ store/ main firm/ partners/] although also remember the advertising revenues balancing it out) The WTS has the largest printing press in the world and with buying in such bulk - are sure to be laughing all the way to the bank. There was a report (New Yorks richest companies - sorry don't have the link but it is on this site) where their yearly net income (Brooklyn) was listed as just short of a BILLION dollars - they have 3340 staff - remember all volunteers ! Then count all their business interests , which they try to deny having! Plus, how many of the faithful donate to the Society in their will and are encouraged to make donations of land and benificiaries. This is a Scandal! All to benefit the distribution of the good news so we can't criticise the good news and important work. Surprisingly profitable. JWs are one of the richest religions around, and size for size, I would argue the Richest in the world! Imagine if, for example counting membership and equilent halls owned per faithful the value of the Catholic Church ?????? And then the JWs call the churches blind for being loaded, when the are even filthier rich !

    " If you were Blind, you would have no sin. But you say 'We See' . Your Sin remains. ". - Jesus to the Pharisees

    " We are not like Some Peddlers of Gods Word." - (somewhere in Corinthians - sorry dont have a bible to hand - sat in an internet Cafe!)

  • TopHat
    TopHat

    Here it is for you LanDi:

    For we are not peddlers of God's word like so many; but in Christ we speak as persons of sincerity, as persons sent from God and standing in his presence. (2Cor 2: 14-16)

  • Lady Lee
    Lady Lee

    Take a look in here The Best of... WTS Finances

    Watchtower 34th Biggest company in NY --- Revenue (in millions): 951

    WB&TS of Pennsylvania financial figures

    Watchtower Bible and Tract Society of Pennsylvania
    Pensylvania Reg. # 11-1857820
    Year Ended August 31, 1998

    BALANCE SHEET...............................1998 / 1997

    Assets

    Cash and short-term investments........$296,522,535 / 209,383,368
    Current receivables......................10,849,287 / 7,078,760
    Long-term receivables...................277,421,320 / 267,435,970
    Property and equipment..................120,697,680 / 120,547,679
    TOTAL ..................................705,130,822 / 604,445,777

    Liabilities

    Accounts payable & accrued liabilities...$2,414,924 / 794,524
    Conditional donations.....................7,489,654 / 8,743,636
    Long-term payables.......................61,002,396 / 37,503,266
    TOTAL LIABILITIES........................70,906,974 / 47,041,426

    NET ASSETS.............................$634,223,848 / 604,445,777

    COMBINED STATEMENT OF REVENUES AND CHANGES IN NET ASSETS

    Revenues

    Donations................................47,443,713 / 54,722,984
    Interest.................................24,925,594 / 20,504,081
    Kingdom Hall Assistance Fund..............3,218,791 / 3,900,595
    Royalties, Rent and Other.................3,519,062 / 2,928,113
    TOTAL REVENUES...........................79,107,160 / 82,055,773

    Expenses

    Kingdom Hall Assistance ..................2,123,945 / 2,485,514
    Relief Fund..................................21,182 / 170,507
    Convention Fund.................................430 / 0
    Administrative Services.....................142,106 / 14,304
    TOTAL EXPENSES............................2,287,663 / 2,670,325

    CHANGE IN NET ASSETS.....................76,819,497 / 79,385,448

    Net Assets At Beginning of Period.......557,404,351 / 469,616,477

    Prior period adjustment...........................0 / 8,402,426

    NET ASSETS AT END OF PERIOD............$634,223,848 / 557,404,351

  • Handsome Dan
    Handsome Dan

    It's easy to build a great and powerful kingdom when you have millions of slaves at your feet dong the work..........Their worth is over a billion.........fact.

  • Gordy
    Gordy

    I wonder how those accounts would read today?

  • Hortensia
    Hortensia

    Relief Fund..................................21,182 / 170,507

    that's stunning - with nearly 3/4 of a billion dollars in income!!!

    somebody please please please sue them for paying less than minimum wage, not paying social security, worker's comp insurance, or disability insurance or unemployment insurance.

  • Sunspot
    Sunspot

    I agree with Gordy, I wonder what these figures WOULD read today! I also have to wonder (since they don't have to "account to anyone" pardon the pun) just how accurate THIS knowledge is when we read it. Is it the opposite of the padded time reports except they downsize the accounts reports not to appear to be so affluent? ......Can you TELL how very little I trust ANYTHING NOTHING that comes out of the Watchtower Society?

  • cultswatter
    cultswatter

    Like Carl Sagan would say: Billions and Billions

  • WTWizard
    WTWizard

    I wonder how much they will be worth when they get all the pedophile and criminal issues settled. And if everyone goes to www.sixscreensofthewatchtower.com and learns the real truth about this criminal organization, they will lose all their slaves.

    Meanwhile, their explosive growth in Nigeria is going to cost them money that they will not be getting from us. And when they complain, I will simply go to www.dannyhaszard.com and print up all the Zero Dollar Bills and Void Checks that will stuff the boxes so they will not get any real money. Hopefully their net worth will soon implode.

  • akamai
    akamai

    With this large net worth of the WTS, the G.B. could sell everything, distribute it all among it faithfull people (around 6 million) so that they all could pioneer full time and leave their "worldly" jobs behind......since we all know the end times are near. Stay tune....with the faithfull and discreet slave this seems very plausible.....just like Beth Sarim was.....

  • greendawn
    greendawn

    We will never know exactly their total assets their nature (real estate, stocks and shares, cash money) and value but from what we know they are certainly worth many billions, just the nearly 100 000 KHs how much are they worth? The local dubs may pay to build and maintain them but it's the WTS that gets the title deeds.

    They did well out of the free labour of their followers and their generous donations over the past 100 years.

  • Sam Whiskey
    Sam Whiskey

    Anybody have any updated info on this....just curious.

  • Balaamsass
  • wasblind
    wasblind

    Yea right, they claim they are a non- profit organization

    non-profit don't mean non profit in the corporate world

    somebody livin' large and it ain't the Lil' sheep

  • wasblind
    wasblind

    Non-profit don't mean non-profit in the corporate world

    and the WTS is a corporation

  • wasblind
    wasblind

    sorry for the double post

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