The LDS Church’s New Apostle: Gérald Caussé
Gérald Caussé, a key figure in the financial management of The Church of Jesus Christ of Latter-day Saints (LDS Church), was appointed as the church's newest apostle on Thursday. At 62, he fills a vacancy created after President Russell Nelson's passing and the subsequent appointment of President Dallin Oaks.
Role and Responsibilities
Caussé joins the Quorum of the Twelve Apostles, an all-male leadership body ranking just below the church president and his two counselors. Apostles influence church policy and oversee various business and financial interests tied to the faith.
“Apostles help set church policy while overseeing the faith’s many business interests.”
Background and Contributions
Born in France, Caussé served for the last decade as the presiding bishop responsible for managing the church’s finances and welfare programs. During his tenure, the church notably increased its humanitarian efforts and expanded its global presence by constructing numerous ornate temples for sacred ceremonies.
Financial Overview
Though the church maintains privacy over its finances, recent disclosures from its investment subsidiary, Ensign Peak Advisors Inc., estimate its portfolio value at approximately $58 billion. The church's business ventures are diverse, spanning real estate, agriculture, publishing, life insurance, nonprofits, universities, and cultural centers.
- Real estate holdings
- Farms
- Publishing operations
- Life insurance services
- Nonprofit organizations
- Universities
- Polynesian Cultural Center in Hawaii
- Upscale open-air shopping mall in Salt Lake City
“Under his leadership, the church increased its humanitarian spending and dotted the globe with lavish temples where the faith’s most sacred ceremonies take place.”
With Caussé’s appointment, he now stands in the line of succession for the church presidency, determined by seniority within the Quorum of the Twelve Apostles.
Author’s summary: Gérald Caussé, a former presiding bishop known for expanding LDS Church finances and temple construction, has become its newest apostle, shaping faith leadership and global growth.