What major companies do Mormons own?
Sarah Garza
Updated on February 18, 2026
Deseret Management Corporation
| Type | Private |
|---|---|
| Divisions | Deseret Digital Media Deseret Media Companies KSL Broadcast Division |
| Subsidiaries | Beneficial Financial Group Bonneville International Corp. Deseret News Deseret Book Hawaii Reserves Temple Square Hospitality Bonneville Communications |
| Website | Deseret Management Corporation |
Is Walmart Mormon owned?
Walmart is a public corporation, it is not a part of the Church of Jesus Christ of Latter Day Saints (although it is possible that the Church owns some stock in the investment portfolio). I believe that Sam Walton was Christian in some form, but I don’t believe that the Walton’s were members of the LDS Church.
What grocery stores do the Mormons own?
The Church of Jesus Christ of Latter-day Saints does not own any grocery stores. The only stores owned by the Church are Deseret Book (a religious book store) and Deseret Industries (a non-profit thrift store). The Albertson’s stores are owned by SuperValu Inc. SuperValu is owned by individual shareholders.
Does the Mormon church own Coca Cola?
No the Mormon church does not own Coca-cola. Coke is a big company, and thus too big to be owned by a single person or entity. 64% of the shares of Coca-cola are owned by over 1,400 different groups and individuals.
Who owns Walmart now?
Walton family
Walmart/Propietarios
Why can LDS drink soda but not coffee?
Because soda has never been part of the the proscriptions of the Word of Wisdom. The actual verse says, “And again, hot drinks are not for the body or belly,” Doctrine and Covenants 89:9. Later this was interpreted to mean coffee and tea.
What is the wealthiest church?
Religious organizations
| Organization | Worth (billion USD) | Country |
|---|---|---|
| The Church of Jesus Christ of Latter-day Saints | 200.0 | Utah, United States |
| Catholic Church | 30 | worldwide |
| Catholic Church in Germany | 26.0 | Germany |
| Catholic Church in Australia | 20.5 | Australia |
Who is richer Mormon or Catholic?
The Church of Jesus Christ of Latter-day Saints is arguable the most wealthy religious organization in the world, unless you count the various Catholic organizations as one Church. In that case, the Catholic Church would by far be the most wealthy.
The Mormon Global Business Empire
- Holy Holdings.
- Agriculture.
- Deseret Ranch.
- City Creek Center.
- Real Estate.
- Hawaii Reserves.
- Insurance.
- Media.
Does the Mormon church own companies?
While the LDS Church owns for-profit insurance and personal investment businesses as well as radio stations and Salt Lake City’s NBC affiliate, KSL-Channel 5, Ensign Peak Advisors invested in those businesses’ competitors.
How much farmland does the LDS Church hold?
Across America, subsidiaries of the church reportedly hold 1m acres of agricultural land. This is thought to include land in Nebraska, Oklahoma, Utah and Texas. Church companies are also thought to hold land outside the US, including in Canada and Brazil.
How rich is Mormon Church?
In 2020 it managed about $100 billion in assets. Ensign employs 70 employees. In 2019, a former employee of Ensign made a whistleblower report to the IRS alleging that the church held over $100 billion of assets in a large investment fund.
Is Coca Cola owned by a Mormon?
Are there any businesses owned by the Mormon Church?
Deseret Farms of California Rolling Hills (Idaho) West Hills Orchards (Elberta, Utah) Cactus Lane Ranch (Arizona) (more) Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-day Saints (CPB) Corporation of the President of the Church of Jesus Christ of Latter-day Saints Deseret Trust Company LDS Family Services
Are there any Mormons who own PepsiCo?
That too is untrue: Like Coca-Cola, PepsiCo is far too large for any group to possess outright. Underpinning this legend is the notion that Mormons are forbidden caffeinated beverages, thus how deliciously ironic it would be if the Church of Jesus Christ of Latter-day Saints quietly owned a company it raged against from the pulpit.
Are there any multi-level marketing companies for Mormons?
10 reasons Mormons dominate multi-level marketing companies. LipSense, dōTERRA, Nu Skin, Young Living, Nature’s Sunshine, Tahitian Noni/Morinda, Amway, Melaleuca, Neways, Thrive, Xango/Zija, Younique, Jamberry, Unicity.
Who are the Mormons that own Dixie Airlines?
SkyWest Airlines SkyWest Airlines was created when Mormon Ralph Atkin, a lawyer in St. George, Utah, purchased Dixie Airlines in 1972. It was initially meant to fly businessmen from St. George to Salt Lake City, and after some struggles, the company expanded across the western United States.
