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Net Worth : 1.1 billion souls, or one-sixth of world's population.
After the death of Pope John Paul II in April 2005 cardinals decide that Joseph Ratzinger is to be elected Pope Benedict XVI. Smoke signals are seen coming from a chimney then he appears at the balcony of St. Peters Square at the Vatican.
BIOGRAPHY OF HIS HOLINESS : POPE BENEDICT XVI
Cardinal Joseph Ratzinger, Pope Benedict XVI, was born at Marktl am Inn, Diocese of Passau (Germany) on 16 April 1927 (Holy Saturday) and was baptised on the same day. His father, a policeman, belonged to an old family of farmers from Lower Bavaria of modest economic resources. His mother was the daughter of artisans from Rimsting on the shore of Lake Chiem, and before marrying she worked as a cook in a number of hotels.
He spent his childhood and adolescence in Traunstein, a small village near the Austrian border, thirty kilometres from Salzburg. In this environment, which he himself has defined as "Mozartian", he received his Christian, cultural and human formation.
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In 1953 he obtained his doctorate in theology with a thesis entitled "People and House of God in St Augustine’s Doctrine of the Church". From 1962 to 1965 he made a notable contribution to Vatican II as an "expert"; being present at the Council as theological advisor of Cardinal Joseph Frings, Archbishop of Cologne. His intense scientific activity led him to important positions at the service of the German Bishops’ Conference and the International Theological Commission.
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On 25 March 1977 Pope Paul VI named him Archbishop of Munich and Freising. On 28 May of the same year he received episcopal ordination. He was the first Diocesan priest for 80 years to take on the pastoral governance of the great Bavarian Archdiocese. John Paul II named him Prefect of the Congregation for the Doctrine of the Faith and President of the Pontifical Biblical Commission and of the International Theological Commission on 25 November 1981. On 15 February 1982 he resigned the pastoral governance of the He has received numerous "Honoris Causa" Doctorates, in 1984 from the College of St. Thomas, Minnesota; in 1986 from the Catholic University of Lima; in 1987 from the Catholic University of Eichstätt; in 1988 from the Catholic University of Lublin; in 1998 from the University of Navarre; in 1999 from the LUMSA (Libera Università Maria Santissima Assunta) of Rome and in 2000 from the Faculty of Theology of the University of Wrocław in Poland. Archdiocese of Munich and Freising. The Holy Father elevated him to the Order of Bishops assigning to him the Suburbicarian See of Velletri-Segni on 5 April 1993 .
Joseph Ratzinger of Germany, the Roman Catholic Church's leading hard-liner, was elected the new pope Tuesday in the first conclave of the new millennium. He chose the name Benedict XVI and called himself "a simple, humble worker." Ratzinger, the first German pope in centuries, emerged onto the balcony of St. Peter's Basilica, where he waved to a wildly cheering crowd of tens of thousands and gave his first blessing. Other cardinals clad in their crimson robes came out on other balconies to watch him after one of
Ratzinger served John Paul II since 1981 as head of the Congregation for the Doctrine of the Faith. In that position, he has disciplined church dissidents and upheld church policy against attempts by liberals for reforms. He had gone into the conclave with the most buzz among two dozen leading candidates. He had impressed many faithful with his stirring homily at the funeral of John Paul II, who died April 2 at age 84 .
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White smoke poured from the Sistine Chapel and bells tolled earlier to announce the conclave had produced a pope. Flag-waving pilgrims in St. Peter's Square chanted: "Viva il Papa!" or "Long live the pope!" The bells rang after a confusing smoke signal that Vatican Radio initially suggested was black but then declared was too difficult to call. White smoke is used to announce a pope's election to the world. It was one of the fastest elections in the past century: Pope Pius XII was elected in 1939 in three ballots on one day, while Pope John Paul I was elected in 1978 in four ballots in one day. The new pope was elected after either four or five ballots over two days.
"It's only been 24 hours, surprising how fast he was elected," Vatican Radio said, commenting on how the new pope was elected after just four or five ballots.
After the smoke appeared, pilgrims poured into the square, their eyes fixed on the burgundy-draped balcony. Pilgrims said the rosary as they awaited the name of the new pope and prelates stood on the roof of the Apostolic Palace, watching as the crowd nearly doubled in size.
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