However, this remedy is something not always followed. The most recent and notable divergence from this strategy has been the 60 Sloane Avenue sale. Instead of giving money to a reputable fund or endowment, a group of Vatican officials gave 350 million euros ($390 million USD) to Italian broker Raffael Mincione in 2014 to buy a luxury apartment... See more
The Vatican has 4,249 properties in Italy and 1,200 more in London, Paris, Geneva and Lausanne, Switzerland
The Microstructure of Wealth Transfer in Prediction Markets