"...Great sell-off is for the expansion work in Africa..."
This subject actually came up with my elderly JW mom just last weekend.
She was proudly mentioning the efforts she and her friends make saving bottles to cash in and help pay the utilities for their KH, and I asked her why the Organization doesn't help with that.
She said they're not rich.
I told her that they'd sold off the Brooklyn properties.
She said the money was used to buy the Warwick property.
I told her the Warwick property cost over 11 million, but the Org netted over 3 billion (with a b) from the Brooklyn sales, plus they'd sold off dozens of branch offices overseas.
She said the rest was used to support the work in developing countries (presumably building gazebo-slash-mudhut KHs that somehow cost more than 50 bucks and and handful of local elbow grease).
At this point, my daughter said that the Org was probably going bankrupt, but my Mom was too deaf to hear, and the conversation kind of ended then.
We do have it on pretty solid authority that the WT has numbered accounts in banks in the Caymans (that would be the same Caymans that are used for tax havens and laundering by crooked politicians, mobsters, and billionaires, I might add), so I'm pretty sure that a significant chuck of change is squirrelled away there, and probably Switzerland, too.
Plus, there's the Rising Tide of legal troubles that are happening... well... fucking everywhere, holy shit.
Terry recently posted about a conversation he'd had with a high-level church attorney who told him that at a certain point (in every instance... not just most... every instance), virtually all the donations end up going towards lawyer fees...
...that the ministry ultimately morphs into a revenue machine specifically designed pay preachers' legal bills.