The LDS Church’s New Apostle: Gérald Caussé
Gérald Caussé, 62, a French native, became the newest apostle of The Church of Jesus Christ of Latter-day Saints on Thursday. He joins the Quorum of the Twelve Apostles, an all-male leadership body just below the church’s president and his counselors. This quorum helps set church policy and oversees its extensive business interests.
Leadership Role and Succession
Caussé fills the vacancy created by the death of President Russell Nelson and the appointment of President Dallin Oaks in October. By joining the Quorum of the Twelve, he enters the line of succession for the church presidency, which follows seniority within the quorum.
Financial Oversight and Temple Expansion
Before his new role, Caussé served as a presiding bishop for the past decade, managing the church’s finances and welfare programs. Under his guidance, humanitarian spending rose significantly, and numerous temples were built worldwide to host the faith’s most sacred ceremonies.
"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."
Church Finances and Business Interests
The church does not publicly discuss its finances, yet filings from its investment division, Ensign Peak Advisors Inc., valued its portfolio at $58 billion. The church's diverse enterprises include:
- Real estate holdings
- Farms
- Publishing companies
- Life insurance
- Nonprofit organizations
- Universities
- Polynesian Cultural Center in Hawaii
- Upscale open-air shopping mall in Salt Lake City
"The church does not disclose or discuss its finances, but the latest filings from its investment arm... valued its portfolio at $58 billion."
Caussé’s appointment marks a continuation of leadership deeply involved in both faith and financial stewardship, impacting the church’s global presence and growth.
Author’s summary: Gérald Caussé’s appointment as apostle combines spiritual leadership with expert financial management, reinforcing the LDS Church’s global expansion and economic strength.