LDS Church made $6 billion on investment fund in 2020
The fund is heavily invested in tech, according to FOX 13.
(Francisco Kjolseth | The Salt Lake Tribune file photo) City Creek and the Church of Jesus Christ of Latter Day Saints. The Church made $6 billion in 2020 through an investment fund according to FOX 13 reports.
The Church of Jesus Christ of Latter-day Saints made $6 billion in 2020 through an investment fund, according to a FOX 13 report.
The numbers were reported in a new filing with the U.S. Securities and Exchange Commission.
[Read a deeper look at the tithing devout Latter-day Saints pay to their faith.]
The fund, called Ensign Peak Advisors, is heavily invested in tech, according to FOX 13. Holdings in companies such as Tesla and Amazon helped boost the fund last year. What started as $1 million invested in Tesla became $330 million, according to FOX 13.
The fund divested from some oil companies during the year, according to FOX 13.
Read more at FOX 13.
Editor’s note: The Salt Lake Tribune and FOX 13 are content sharing partners.
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