The LDS Church Welcomes New Apostle Gérald Caussé
Gérald Caussé, 62, was appointed as the newest apostle of The Church of Jesus Christ of Latter-day Saints on Thursday. He fills a vacancy following the death of President Russell Nelson and the appointment of President Dallin Oaks in October.
Role and Responsibilities
Caussé joins the Quorum of the Twelve Apostles, an all-male leadership council just below the church president and his two counselors. Apostles influence church policy and oversee numerous business ventures across the faith.
Financial Leadership and Temple Expansion
A native of France, Caussé spent the last decade as the presiding bishop, managing the church’s vast financial resources and welfare programs. Under his guidance, humanitarian spending increased significantly, and the church expanded globally with numerous grand temples where sacred ceremonies are conducted.
Church Finances
- The church's finances remain undisclosed and private.
- Recent reports from Ensign Peak Advisors Inc., the church's investment branch, indicate a portfolio valued at approximately $58 billion.
Church Business Interests
- Real estate holdings
- Farms and agricultural enterprises
- Publishing houses
- Life insurance entities
- Nonprofit organizations
- Universities
- Polynesian Cultural Center in Hawaii
- Upscale open-air shopping mall in Salt Lake City
"Apostles help set church policy while overseeing the faith’s many business interests."
With Caussé’s appointment, he also becomes part of the line of succession to lead the church, which is determined by seniority within the Quorum.
Author’s Summary
Gérald Caussé’s appointment as apostle marks a continuation of his leadership in managing the church’s extensive finances and temple growth worldwide.