The Pope, as head of the Roman Catholic Church and leader of the Vatican—the world’s smallest sovereign state—does not receive a regular salary. Instead, the Vatican covers all his living expenses, including housing, food, transport, healthcare, and security.

Though technically entitled to a modest monthly salary of around €2,500, Pope Francis, who led the Church from 2013 to 2025, declined personal income, choosing a life of simplicity inspired by St. Francis of Assisi. He lived in the modest Domus Sanctae Marthae rather than the luxurious Apostolic Palace.

While the Pope has no personal fortune, he enjoys access to Vatican-funded resources such as official residences, vehicles, and charitable funds—like the €200,000 donation Pope Francis made to inmates. His estimated net worth, reflecting this access, is about £12 million, but it is not for personal use.

The Vatican’s income comes from donations (like the £20 million collected yearly through Peter’s Pence), investments, tourism, and the Vatican Museums. Despite its wealth, financial challenges persist—such as a £70 million deficit in 2023—prompting Pope Francis to cut clergy salaries and end subsidized housing for senior officials.

Cardinals now earn about €4,000–€5,500 per month, bishops around €3,000, and priests about €1,200. Monks and nuns usually earn nothing unless they work in Church roles.