German archdiocese is richer than Vatican

Archdiocese of Cologne reveals it is worth 3.35 billion euros

Pope Benedict XVI waves to pilgrims on the Rhine River near the cathedral
in Cologne, Germany, in 2005. (Photo: Catholic Press Photo / CNS)

According to figures released on Ash Wednesday, the Roman Catholic Archdiocese of Cologne revealed it is worth 3.35 billion euros. This makes it richer than the Vatican, which Cardinal George Pell said has assets of 2.64 billion euros.

"The archdiocese doesn't sell products or earn profits from its services so it has to finance itself mostly from its assets," said financial director Hermann Schon.

The Cologne cathedral is listed as worth 27 euros. Find out why here.