Interestingly, your list excluded probably the wealthiest LDS businessman Steven Hazy, founder of International Lease Corporation and reported by Forbes to have a net worth of at least $3.7 Billion (more than Huntsman, Marriott or for that matter, any one else on the list). We're going to take a closer look at Pepsi, the Mormon interest in the company, and shed some light on some of the most pressing questions. Real estate prized alongside entrepreneurialism by church leaders as a means of expansion since the days of early founder Joseph Smith and pioneer-prophet Brigham Young has now blossomed into a multibillion-dollar affair, spanning continents. A total of 146 hedge funds tracked by Insider Monkey reported having stakes in Mastercard Incorporated (NYSE:MA) as of the end of the third quarter. Who do Mormons worship? - The Church of Jesus Christ of Latter-day Saints A lot of people on here naming niche or regional companies. Also Natures Sunshine Products, some of the highest quality herbal supplements in the world. Most notably in various tech companies, including Apple, Google, and Microsoft. Also in the finance area, it owns Ensign Peak Advisors, an investment advisory firm. GME Stock Split in 2023 [Things You Need to Know], Shopify Stock Split in 2023 [Everything You Need to Know], Publix Stock Split in 2023 [Things You Need to Know]. GET OVER YOUR SELF. On an article published by LDS Daily they revealed Church owned companies, and that the church owns and manages two different types of businesses non-profit and for-profit. Its a clothing company (mostly for women) created by an LDS lady who wanted to start a line of clothing that would be modest yet stylish so that those who are temple-goers can find styles that conform to temple standards. This includes, he added, providing for the welfare and humanitarian operations of the church; providing for religious worship (chapels, temples, missionary offices, educational centers and efforts and more); and preserving a sacred religious site or its surroundings and enhancing the character of the local community., Andersen said the global church follows the Saviors teaching that we should be good and faithful stewards over the sacred donations that come from his followers (Matthew 25:14-21). He tries to keep his wealth on the down low and has done a good job by not making this list. (John Raoux | AP) Cowboys herd cattle from one pasture to another at the LDS Church-owned Deseret Ranch in Deseret Ranch, Fla., in 2015. Oh my, CRAZY! For the official Church website, visit ComeUntoChrist.org. The company is a diversified provider of research and discovery instruments, tools, consumables, and services, and offers a broad-based play on the increased Research & Development (R&D) spend from the biopharma industry. He launched a new Brazilian airline called Azul in 2008. Marriott International is a worldwide chain of hotels and resorts based in Maryland in 665 locations. In media, the Mormon church owns Deseret Digital Media, a company that produces content for its multiple website properties and oversees their operations. The total value of these stakes was $13.9 billion. The companies in the article are household names. Bonneville Distribution Distribution for TV & radio stations that broadcast Mormon Tabernacle Choir and LDS General Conference, Deseret Digital Media Website management company, Deseret News Publishing News publishing company, Deseret Book Co. Religious goods retailer and distributor, The Pacific Business News News outlet servicing Hawaii, Hawaii Reserves Hawaii real estate holding company, Laie Water Company Provides water to all of Laie, Laie Shopping Center 72,000 square feet of shopping and services, Many other commercial & residential properties, Property Reserve Inc Real estate holding company, Utah Property Management Associates Real estate management company, Beneficial Tower 20 story office building, World Trade Center 366,696 square foot office building, Deseret News Building 9 story office building, Eagle Gate Plaza 11 story office and parking structure, Key Bank Tower 27 floor office building, Social Hall Plaza 6 floor office building, Triad Tower 3 buildings totaling 48,502 square feet, Zions Bank Building 18 floor commercial office building, 139 E South Temple 38,192 square foot office building, JC Penney Building 15 floor commercial office building, Ensign Plaza South 75,000 office building in Ogden Utah, Regent Street 47,970 square foot office building, Orpheum Office Plaza 24.682 square foot office building, McIntyre Building 11,065 square foot office building, Gateway Tower West 19 floor commercial building, 40 East 100 South 37,089 square foot office building, Deseret Book Building 48,612 square foot office building, Brigham Apartments Apartment building in downtown Salt Lake, Colonial Court Apartments Apartment building in Ogden Utah, City Creek Landing Apartment building in downtown Salt Lake, West Temple Apartments 8 story apartment building in downtown Salt Lake, Garden Apartments Apartment building in downtown Salt Lake, First Avenue Apartments Apartments in Salt Lake City, City Creek Center 700,000 square foot mall in downtown Salt Lake, Lake Park Corporate Centre 260 acrea mixed use development, Highbury at Lake Park Mixed use development in West Valley, Utah, 1600 Vine Street Complex Mixed use development in Philadelphia, Pennsylvania, Temple Square Hospitality (Catering Company), Beneficial Financial Group (Insurance and Financial Services Company). Mormon Ownership of Coca-Cola | Snopes.com 10 Powerhouse Businesses Owned by Mormons - LDS Living Ensign Peak Advisors has a $547 million stake in the second-biggest payment processor in the world. He and his wife, Margaret, have seven sons and one daughter. It is Utahs oldest continuously published daily newspaper and has the largest Sunday circulation in the state and the second largest daily circulation behindThe Salt Lake Tribune. Perhaps the most impressive of the churchs lands in terms of acreage are some of its gargantuan food-production and cattle-growing operations, run by its farming subsidiaries, Farmland Reserve and AgReserve. This country needs more companies like the ones listed, based on honesty and integrity. (The Church of Jesus Christ of Latter-day Saints) Renovations to the temple in Mesa, Ariz., included a new visitors' center and residential/retail construction owned by the church, similar to Salt Lake City's City Creek Center, though on a smaller scale. What companies does the Mormon Church own? Mormons, Genetics, & Digitized Data | Religion and Public Life at Head northward to the farthest tip of Maine, a state where the church holdings surpass $24 million, and youll find a three-acre lot and meetinghouse in the far northern border city of Caribou in Aroostook County. The hospitality company has more than 4,000 properties in more than 80 countries and territories. Deseret Book is an inspirational publishing company that produces a print and online magazine specifically for members of the Mormon church as well as values-based content for non-Mormons. To see more such companies, go directly to Mormon Church's 5 Biggest Stock Positions. Add to that a host of other special-purpose properties, dedicated public spaces, vacant areas and other kinds of low-producing acreage, and nearly $8.5 billion total assessed value in the church land portfolio potentially would qualify for lower local property taxes, not including farmlands. 2. Many cattle ranches are owned by the Church in the western United States, including Deseret Ranch, which is located on the Utah-Wyoming border with about 200,000 acres. No part of this content or the data or information included therein may be reproduced, republished or redistributed without the prior written consentof the Publisher & Moroni Channel except in the case of brief quotations embodied in critical reviews and certain othernoncommercial and church uses and purposes permitted by copyright laws. (J. Matt | Special to The Tribune) Property owned by The Church of Jesus Christ of Latter-day Saints in Laie, Hawaii, clockwise from top: The Laie Hawaii Temple; the campus of BYU-Hawaii; a shopping center on Kamehameha Highway; and the Polynesian Cultural Center. Ensign Peak has a $416 million stake in Texas-based petroleum refining giant ConocoPhillips (NYSE:COP). Her work has appeared in the Ensign, Liahona and New Era magazines, as well as Utah Valley Magazine, Utah Valley BusinessQ, Utah Valley Bride and the Provo Daily Herald. During the same month, Thermo Fisher Scientific Inc. (NYSE:TMO) declared a quarterly dividend of $0.30/share. Each of the other member-business creators are wealthy, too, so lets not rule him out because of that. As expected, the Church steers clear of the sin stocks that usually operate in business domains like casinos, tobacco, adult entertainment and related areas. Our four largest current holdings in the portfolio weathered that period well. I personally, enjoyed the article. As of the end of the third quarter, 92 hedge funds tracked by Insider Monkey reported having stakes in Thermo Fisher Scientific Inc. (NYSE:TMO). Does the Mormon Church own Safeway? - Quora Its owned by the church itself and is a media and broadcasting company. Its cattle operations brand it among the largest beef suppliers to the McDonalds restaurant chain. It eschews businesses that Mormons find objectionable, The Wall Street Journal reported this month, which likely explains why it isn't an investor in tobacco titan Philip Morris, gambling giant Caesars Entertainment, or caffeine sellers such as Starbucks and Coca-Cola. The Lords plan is for good and faithful people to be leaders, making inspired decisions and creating businesses that help people and build his kingdom on this earth. The church owns the Temple Square Hospitality Corp., which owns and operates several restaurants and provides catering services for weddings and other special occasions. Church authorities have consistently said that their for-profit real estate and other business endeavors pay the required taxes. Who Owns Ancestry? (You May Be Surprised) - Data Mining DNA Merck & Co., Inc. (NYSE:MRK) has increased its dividend for the past 12 years without a break. So, I say Go Mormons!!! In 2012, the company did over $2.1 billion in revenue. Exxon Mobil Corporation (NYSE:XOM) has gained about 61% over the past 12 months. Found in the churchs portfolio along with the expected meetinghouses and temples are office towers, shopping centers, residential skyscrapers, cattle ranches and high-mountain timberlands worth hundreds of millions of dollars. Yes and Garry Young who founded Young Living Oils is also a Mormon. I never could understand if they dont want their members to drink this beverage why sell it. It was initially meant to fly businessmen from St. George to Salt Lake City, and after some struggles, the company expanded across the western United States. Mormon Church's 15 Biggest Stock Positionsis originally published on Insider Monkey. Also known as, Honolulu, Pacific News broadcasts local news about Honolulu. Lucrative office buildings also abound, including a $106 million complex in the Dallas Fort-Worth area that one of the churchs property arms leases to aerospace and defense firm Raytheon. I believe that all these amazing companies begun and developed by Mormons simply fulfills the covenant given to Abraham that through the House of Israel (who Mormons are), the inhabitants of the world would be blessed. Mormon in America: JetBlue founder on going from missionary to entrepreneur. Looking at the Great Recession which began at year-end 2007 and lasted to mid-year 2009 is helpful too. A cursory look at the list shows that the Mormon Church is invested in major, blue-chip companies and also have large positions in big tech companies. Providing education. Like saying here is a list of left handed business owners, makes no sense. AgReserves Inc., Deseret Cattle and Citrus Ranch, and Farmland Reserve, Inc. are part of its welfare distribution system.Welfare resources are distributed by local bishops but maintained by the Presiding . 1. The church owned 15 hospitals, but Intermountain Health took over those hospitals in 1974. And giving back to communities around the world. Breanna Olaveson worked in the magazine industry before taking her writing from full-time to nap time with the birth of her first daughter. The foundation announced Monday it was ceasing operations, making the property investigation its last project published under the Truth & Transparency name. The report shows only California-based Sierra Pacific Industries, owned by a third-generation family with 2.3 million timberland acres; businessman and philanthropist John Malone, who led cable giant Tele-Communications Inc. (2.2 million acres); the Pacific Northwests Reed family (2.1 million acres); and CNN founder and media tycoon Ted Turner (2 million acres) have more. For nothing! Glen Beck is an entertainer. Im staying at a Wyndham this weekend and couldnt remember if it was LDS based. Coke is a big company, and thus too big to be owned by a single person or entity. Sometimes well-known brands are owned by other parent companies, so here is whether the Mormon Church holds Coca-Cola. Find properties on a map here or here.]. The Mormon Church holdings are in or are owned by the Church are as follows: JetBlue is Americas seventh-largest airline, particularly classified as one of the major low-budget airlines in the country. Mormon David Neeleman founded JetBlue in 1999, though it was called NewAir at the time. Here are 10 powerhouse businesses owned, founded or headed by LDS people. It is, therefore, free of influence by any government or corporate interests. Returns are seen through Microsofts production of computer software and electronics, and other related services. When the SEC has to impose a monetary fine on Mormonism for creating shell companies to hide tithing money amounts received from your own membership so that they will keep paying the LDS church. Answer (1 of 3): Churches do not own companies. 322166814/www.reference.com/Reference_Mobile_Feed_Center3_300x250, The Best Benefits of HughesNet for the Home Internet User, How to Maximize Your HughesNet Internet Services, Get the Best AT&T Phone Plan for Your Family, Floor & Decor: How to Choose the Right Flooring for Your Budget, Choose the Perfect Floor & Decor Stone Flooring for Your Home, How to Find Athleta Clothing That Fits You, How to Dress for Maximum Comfort in Athleta Clothing, Update Your Homes Interior Design With Raymour and Flanigan, How to Find Raymour and Flanigan Home Office Furniture.