‘Varney & Co.’ host Stuart Varney discusses whether or not Pope Leo XIV can repair the Vatican’s ‘dire’ monetary issues.
Pope Leo XIV is already having an influence on the actual property market.
The brand new pope, whose given identify is Robert Prevost, was born in Chicago and grew up within the suburb of Dolton, Illinois. His childhood dwelling was just lately listed on the market, however the itemizing was rapidly eliminated following the Vatican’s resolution to nominate Prevost as the newest — and first American — pontiff.
The small three-bedroom home, as soon as a spot housing drug sellers, in accordance with the NY Publish, bought in Could 2024 for a small sum of $66,000. The brand new proprietor renovated the home and listed it on the market in January of this 12 months for $219,000, in accordance with Zillow. There was a contingent provide of $199,900 in April, however the home was listed on the market once more on Could 5 for a similar value.
The itemizing was eliminated yesterday when Prevost was named the brand new pope.
CARDINAL ROBERT PREVOST, FIRST AMERICAN POPE: WHAT TO KNOW
The childhood dwelling of Pope Leo XIV is seen on Could 8, 2025, in Dolton, Illinois. St. Mary of the Assumption is the church that newly elected Pope Leo XIV attended in his formative years. (Photograph by Jim Vondruska/Getty Pictures) (Getty Pictures)
In response to the Publish, the brand new proprietor eliminated the itemizing to resolve on whether or not to promote it for the next value or flip it right into a museum or a nationwide landmark.
The small brick dwelling was initially in-built 1949, and options 1.5 loos together with three bedrooms. Earlier than the renovation, the house was 750 sq. toes, however when listed on the market, it confirmed the sq. footage as 1,200 because the basement was transformed to a livable space and central heating and air-con have been added.
CARDINAL ROBERT PREVOST ANNOUNCED AS FIRST AMERICAN POPE, TAKING NAME LEO XIV
Newly elected Pope Leo XIV, Cardinal Robert F. Prevost of the U.S., waves as he seems on the balcony of St. Peter’s Basilica on the Vatican, Could 8, 2025. (Reuters/Dylan Martinez / Reuters)
Pope Leo went to Villanova College in Pennsylvania for school. He was a member of the category of 1977 and obtained a arithmetic diploma from the Augustinian Catholic college.
He additionally holds a Grasp of Divinity from the Catholic Theological Union and a doctorate from the Pontifical Faculty of St. Thomas Aquinas, in accordance with the Faculty of Cardinals Report. The latter is positioned in his native Chicago.
Pope Leo first turned a priest in 1982.
He has important ties to Peru, the place he served for a few years, together with because the Bishop of Chiclayo, the Related Press reported.
He additionally spent a while in Chicago throughout his clerical profession in numerous positions, in accordance with the Faculty of Cardinals Report.
Previous to his election as pope on Thursday, he had been a cardinal for over a 12 months and a half.
He was additionally the president of the Vatican’s Pontifical Fee for Latin America and the prefect of the Dicastery for Bishops, in accordance with the Vatican. He acquired these positions from Pope Francis in early 2023.
Newly elected Pope Leo XIV, Cardinal Robert Prevost of america seems on the balcony of St. Peter’s Basilica, on the Vatican, Could 8, 2025. (Reuters/Guglielmo Mangiapane / Reuters)
Francis died on April 21, setting in movement the conclave during which the church’s cardinals finally chosen Leo XIV, the 267th pope, to succeed him.
Pope Leo’s brother, John Prevost, informed “Good Morning America” on Friday morning that “from the time [Pope Leo] was five or six years old, he knew this was his fate, not that he would be a pope, but that he would be a priest.”
POPE LEO XIV GIVES 1ST HOMILY AS AMERICAN PONTIFF, SAYS LOSS IN FAITH HAS LED TO CRISIS IN HUMANITY
“He knew that from a very young age, and his idea never faltered all through grammar school, high school, college,” Prevost mentioned of his brother.
Chicago Mayor Brandon Johnson launched an announcement reacting to the Chicago native’s election as the top of the Catholic Church.
“This is a tremendous moment for our Catholic community and for all Chicagoans,” he mentioned. “God Bless Chicago. God bless Pope Leo XIV.”
