Why Pope Leo XIV Is Calling Out Extreme Wealth

In a world increasingly divided by economic disparities, Pope Leo XIV has emerged as a vocal critic of extreme wealth accumulation. In his first interview since ascending to the papacy in May 2025, the U.S.-born pontiff expressed deep concern over the growing income gap between corporate elites and ordinary workers. He specifically highlighted billionaire Elon Musk as a symbol of this troubling trend, noting that Musk’s fortune, estimated at $367 billion, could make him the world’s first trillionaire by 2027 

A Modern Echo of Rerum Novarum

Why Pope Leo XIV Is Calling Out Extreme Wealth

Pope Leo XIV’s critique of extreme wealth is not without precedent in Catholic teaching. He has openly acknowledged the influence of his namesake, Pope Leo XIII, whose 1891 encyclical Rerum Novarum laid the foundation for modern Catholic social teaching. That document addressed the social and economic problems caused by the Industrial Revolution, emphasizing the rights of workers and the moral responsibilities of both employers and employees 

By choosing the papal name “Leo,” Pope Leo XIV signals a commitment to continue this legacy, adapting it to contemporary challenges such as the fourth industrial revolution and the rise of artificial intelligence .

The Moral Implications of Extreme Wealth

Pope Leo XIV’s criticism extends beyond mere economic analysis; he delves into the moral implications of extreme wealth. He questions what it signifies when an individual amasses such vast sums, suggesting that the pursuit of immense wealth may overshadow more profound human values. His concerns resonate with the teachings of Pope Francis, who has emphasized that “inequality is the root of social evil,” highlighting the foundational idea of human equality and its impact on social justice .

A Call for Reflection and Action

Pope Leo XIV’s remarks serve as a call to action for both individuals and institutions. He urges a reevaluation of societal values, advocating for a balance that prioritizes human dignity and the common good over unchecked accumulation of wealth. This perspective aligns with the principles outlined in Rerum Novarum, which advocates for the protection of workers’ rights and the promotion of social justice.

Conclusion

Pope Leo XIV’s critique of extreme wealth is a timely reminder of the Church’s enduring commitment to social justice. By drawing inspiration from the teachings of Pope Leo XIII and Pope Francis, he calls for a societal shift that values human dignity and the common good over material accumulation. As the world grapples with economic inequalities, his message encourages reflection and action toward a more just and equitable society.