With more than 1 billion adherents, the Catholic Church is one of the largest, if not the largest, nongovernmental landowners in the world. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles.
Pope Francis slams trickle-down economics, advocates for redistribution of wealth: 'For the good of all' - TheBlaze
The pope also advocated the redistribution of wealth and denounced the absolute right of private property.
"The right to private property can only be considered a secondary natural right, derived from the principle of the universal destination of created goods," Francis said.
The wealthy should "administer [their wealth] for the good of all," Francis wrote. The pope also said he believes "that if one person lacks what is necessary to live with dignity, it is because another person is detaining it."
However, Francis claimed he was "certainly not proposing an authoritarian and abstract universalism."