On May 8, white smoke signaled that American Robert Prevost had been elected as the new pope. Now known as Pope Leo XIV, the 69-year-old is the first American pope in history. He was seen as a compromise candidate who may continue the legacy of Pope Francis, who appointed him a cardinal in 2023.
As head of the Catholic Church, which has over a billion followers, Pope Leo will take on many responsibilities. The Church will cover his living, travel, and security expenses. While popes receive a modest income of around £2,100 per month, their overall access to Church assets gives them significant resources.