'How the Mormons Make Money'
07/11/2012 | 1107 views | 0 0 comments | 6 6 recommendations | email to a friend | print
Bloomberg takes a multi-page, in-depth look at the Mormon Church's many successful financial enterprises, including the recently completed City Creek Center megamall.

It’s perhaps unsurprising that Mormonism, an indigenous American religion, would also adopt the country’s secular faith in money. What is remarkable is how varied the church’s business interests are—and, at a time when a former Mormon bishop is about to receive the Republican Party’s presidential nomination, that so little is known about the church’s financial interests. Despite a recent public-relations campaign aimed at combating the perception that it is “secretive,” the LDS Church remains tight-lipped about its holdings and offers little financial transparency, even to its members, who are required to tithe 10 percent of their income to gain access to Mormon temples.

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