ANSWERS: 1
  • TIME MAGAZINE (Cover Story) AUGUST 4, 1997 VOL. 150 NO. 5 Deseret Management Corp., the company through which the church holds almost all its commercial assets, is one of the largest owners of farm and ranchland in the country, including 49 for-profit parcels in addition to the Deseret Ranch. Besides the Bonneville International chain and “Beneficial Life” the church owns a 52% holding in ZCMI, Utah's largest department-store chain. All told, TIME estimates that the Latter-day Saints farmland and financial investments total some $11 billion, and that the church's nontithe income “from its investments” exceeds $600 million. http://www.lds-mormon.com/time.shtml

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