Fact Check: Video Does NOT Prove Rothschilds, Vatican Are Trillionaires, Richest In The World

Fact Check

  • by: Marlo Lee
Fact Check: Video Does NOT Prove Rothschilds, Vatican Are Trillionaires, Richest In The World Fact Check: Video Does NOT Prove Rothschilds, Vatican Are Trillionaires, Richest In The World No Sourcing

Does the Rothschild family have an amassed wealth of $2 trillion? Do the pope and Vatican City have a net worth of $20 trillion? No, a post making those claims does not substantiate the numbers. Both of these groups are extremely wealthy, but those numbers are not accurate based on public information. The Rothschilds' investment banking company had a net income of $830 million in 2021, according to an annual report on the Rothschild & Co website. Vatican City had net assets of $4 billion in 2019, according to a Reuters article.

The claim appeared in a Facebook post (archived here) on April 9, 2022. The video in the post opens with:

This video shows who is the richest people in the world actually are. So let's see who's at the top.

This is what the post looked like on Facebook at the time of writing:

Screen Shot 2022-04-14 at 12.13.17 PM.png

Facebook screenshot(Source: Facebook screenshot taken on Thu Apr 14 16:08:09 2022 UTC)

The video that the Facebook user, Sambucha, is reacting to is not his content. The video of two minutes and 34 seconds was originally posted by the YouTube channel KkData, a self-described "subscriber-driven platform" based in India. Sambucha reacted to this video on his YouTube channel by the same name, clipped that video and then posted it on his Facebook page. The 48 second-long video seen on Facebook is a list of current and former leaders around the world with their alleged net worth placed below a picture of the person. The last, and largest, two on this list are the Rothschild family, with the video claiming they have a net worth of $2 trillion, and the pope with Vatican City, with the claim that their wealth is $20 trillion. Neither the Facebook video nor the YouTube video cite any sources to explain the basis of the numbers or where the information came from.

The closest thing to a Rothschild family net worth that the public has access to is their European investment banking company, Rothschild & Co. In 2021, the Rothschild & Co annual revenue report detailed a net income of around $830 million (€766 million). Only two Rothschild banking heirs have been on Forbes' World Billionaire List. In 2020, Benjamin de Rothschild was ranked the 1,851st billionaire. Nathaniel Rothschild was ranked 1,153rd in 2012. Lead Stories reached out to Rothschild & Co to ask if it's true that the Rothschild family has a net worth of $2 trillion. We will update this story if they respond.

According to a Reuters article, Vatican City's net assets were about $4.3 billion in 2019. Father Juan Antonio Guerrero, the Vatican's economy minister, gave the number as an all-encompassing figure. Lead Stories reached out to the Holy See to inquire about Pope Francis' net worth. We will update this story if we receive a response.

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Marlo Lee is a fact checker at Lead Stories. She is a graduate of Howard University with a B.S. in Biology. Her interest in fact checking started in college, when she realized how important it became in American politics. She lives in Maryland.

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