See my post on this thread, I think it is number 158. Now I have no links to collaborate what I stated other than it is what I’ve read from different sources. I basically summed up what your friend was saying is false. Wel not your friend in particular, just that I get tired of hearing the Catholic Church is rich when that seems not to be the case. What I think he and others are referring to when they say this is the Vatican. Well the Vatican owns very little property and they have an budget of a medium to maybe large size city and they are usually in the red. The other thing they tend to say is well they should sell all the art, it is not the Vatican or the Pope’s to sell. It belongs to the faithful. Also most Church properties and ect are not owned by the Vatican they are owned by the diocese and parish’s I believe. We know how their have been Catholic Churches closing because they can’t afford to have them open. See my post 158, I think that is the number. I think in may have a book with those stats in it I will need to search for it. Please though, I ask you to correct your friend I’m charity of course, so these falsehoods stop going on. God Bless.
P.S.
In your Parish, in the collection, most of the money stays with in your parish. Some of it goes to the Diocese and I believe even a smaller amount to the Vatican. If I understand this correctly, the Vatican is the City State of the Catholic Church, then you have the Holy See, which is the actual Seat of Peter with his Successor the Popes, then you have ththe Pope who is always the Bishop of the Roman Diocese. I think most non Catholics think it is all the same thing and therefore own everything that is Catholic.