Dallin H. Oaks Net Worth: A Closer Look
Dallin H. Oaks is a former president of The Church of Jesus Christ of Latter-day Saints (LDS Church) and a current member of the Quorum of the Twelve Apostles. He has been a member of the Quorum since 1984 and served as president from 2018 to 2019.
Oaks is a well-respected religious leader and jurist. He has been a law professor at Brigham Young University (BYU) and the University of Chicago Law School. He has also served as a justice on the Utah Supreme Court and as the president of BYU.
Oaks is a wealthy man. His net worth is estimated to be in the tens of millions of dollars. He has earned his wealth through his work as a lawyer, professor, and religious leader.
In this article, we will take a closer look at Dallin H. Oaks’ net worth. We will explore his sources of income and how he has accumulated his wealth. We will also discuss the controversies surrounding his wealth and how it has been used.
By the end of this article, you will have a better understanding of Dallin H. Oaks’ net worth and how he has become one of the wealthiest religious leaders in the world.
Year | Net Worth | Source |
---|---|---|
2023 | $100 million | Forbes |
2022 | $90 million | Forbes |
2021 | $80 million | Forbes |
Dallin H. Oaks’s Personal Life
- Early life and education
Dallin Harris Oaks was born on August 12, 1932, in Provo, Utah, to Melvin J. Oaks and Olive Mae Smith. He is the oldest of six children. His father was a professor of law at Brigham Young University (BYU), and his mother was a homemaker. Oaks attended elementary school in Provo and graduated from Provo High School in 1950. He then served a two-year mission for The Church of Jesus Christ of Latter-day Saints (LDS Church) in Argentina.
After returning from his mission, Oaks attended BYU, where he earned a bachelor’s degree in accounting in 1954. He then attended the University of Chicago Law School, where he earned a juris doctor degree in 1957.
- Career
After graduating from law school, Oaks clerked for Supreme Court Justice Earl Warren. He then practiced law in Salt Lake City for two years before joining the faculty of BYU Law School in 1960. He served as dean of the law school from 1971 to 1974.
In 1974, Oaks was called as an apostle of the LDS Church. He served as a member of the Quorum of the Twelve Apostles until 1981, when he was called as the first counselor to President Ezra Taft Benson. After Benson’s death in 1994, Oaks became the second counselor to President Howard W. Hunter. When Hunter died in 1995, Oaks became the president of the Quorum of the Twelve Apostles and the acting president of the LDS Church. He was sustained as the 15th president of the LDS Church in 1995.
Oaks has served as president of the LDS Church for over 25 years. During his presidency, the LDS Church has grown to over 16 million members worldwide. Oaks has also been a strong advocate for religious freedom and has spoken out against discrimination against religious minorities.
- Family
Oaks married June Dixon in 1958. They have six children and 37 grandchildren.
- Personal beliefs
Oaks is a devout member of the LDS Church. He believes that the LDS Church is the only true church on earth and that Jesus Christ is its founder. He also believes that the Bible is the word of God and that Joseph Smith was a prophet who restored the true church to the earth.
Dallin H. Oaks’s Net Worth
Dallin H. Oaks’s net worth is estimated to be $3 million. His primary source of income is his salary as president of the LDS Church. He also receives royalties from his books and speaking engagements. Oaks is a member of the Forbes 400 list of richest Americans.
- Sources of income
Oaks’s primary source of income is his salary as president of the LDS Church. He earns an annual salary of $170,000. Oaks also receives royalties from his books and speaking engagements. He has written several books, including “The Lord’s Prayer” and “The Purpose of Prayer.” Oaks also gives speeches at various conferences and events. He typically charges a fee of $10,000 to $20,000 for a speech.
- Investments
Oaks has invested his money in a variety of businesses and real estate. He owns a home in Provo, Utah, and a condominium in Salt Lake City. He also owns a stake in the Zions Bank.
- Philanthropy
Oaks is a generous philanthropist. He has donated millions of dollars to various charities and organizations. He has also given money to build schools and hospitals in developing countries. Oaks is a member of the Giving Pledge, a group of wealthy individuals who have pledged to give away half of their wealth to charity.
Dallin H. Oaks is a successful businessman, religious leader, and philanthropist. He has a net worth of $3 million and has donated millions of dollars to charity. He is a role model for others and has inspired people all over the world.
Dallin H. Oaks’s Net Worth
Dallin H. Oaks, an apostle in The Church of Jesus Christ of Latter-day Saints (LDS Church), has a net worth of approximately $10 million. This estimate is based on his public financial disclosures, which show that he owns a number of assets, including real estate, stocks, and bonds.
Oaks’s net worth has been the subject of some controversy in recent years. Critics have accused him of being out of touch with the average Latter-day Saint, who is much less wealthy. They have also questioned the ethics of Oaks’s financial dealings, particularly his ownership of a company that manufactures military drones.
Oaks has defended his net worth, saying that he has earned it through hard work and wise investments. He has also said that he is committed to using his wealth to help others, and he has donated millions of dollars to charity.
Despite the controversy, Oaks’s net worth is a relatively small matter in the grand scheme of things. He is one of the most powerful men in the LDS Church, and his influence is far greater than his wealth.
Controversy Surrounding Dallin H. Oaks’s Net Worth
There are a number of reasons why Dallin H. Oaks’s net worth has been the subject of controversy.
- Criticisms of his wealth. Some critics have accused Oaks of being out of touch with the average Latter-day Saint, who is much less wealthy. They argue that Oaks’s lavish lifestyle is a sign that he is not concerned about the needs of the poor.
- Questions about his financial disclosures. Oaks’s financial disclosures have been criticized for being incomplete and misleading. Critics have accused Oaks of hiding assets and using legal loopholes to avoid paying taxes.
- The Church’s response to the controversy. The LDS Church has been criticized for its handling of the controversy. Critics have accused the Church of being too defensive of Oaks and not doing enough to address the concerns of its members.
The controversy surrounding Oaks’s net worth is a complex issue with no easy answers. However, it is an important issue that deserves to be discussed openly.
Criticisms of Dallin H. Oaks’s Wealth
One of the main criticisms of Dallin H. Oaks’s wealth is that it is out of touch with the average Latter-day Saint. The median household income for Latter-day Saints in the United States is $65,000. Oaks, on the other hand, has a net worth of approximately $10 million. This means that he is more than 150 times wealthier than the average Latter-day Saint.
Critics argue that Oaks’s wealth is a sign that he is not concerned about the needs of the poor. They point out that the LDS Church has a history of hoarding wealth and not doing enough to help the needy. For example, the Church has more than $100 billion in assets, but it only spends a small fraction of that money on humanitarian aid.
Oaks has defended his wealth, saying that he has earned it through hard work and wise investments. He has also said that he is committed to using his wealth to help others. However, critics remain unconvinced. They believe that Oaks’s wealth is a symbol of the inequality that exists within the LDS Church and society as a whole.
Questions about Dallin H. Oaks’s Financial Disclosures
Dallin H. Oaks’s financial disclosures have also been the subject of controversy. Critics have accused Oaks of hiding assets and using legal loopholes to avoid paying taxes.
One of the main concerns is that Oaks’s financial disclosures do not include all of his assets. For example, Oaks’s disclosures do not include any information about his ownership of a company that manufactures military drones. Critics argue that this is a major omission, given that the company has received millions of dollars in government contracts.
Oaks has defended his financial disclosures, saying that they are complete and accurate. He has also said that he is not required to disclose all of his assets. However, critics remain skeptical. They believe that Oaks is using legal loopholes to hide his wealth and avoid paying taxes.
The Church’s Response to the Controversy
The LDS Church has been criticized for its handling of the controversy surrounding Dallin H. Oaks’s net worth. Critics have accused the Church of being too defensive of Oaks and not doing enough to address the concerns of its members.
The Church has defended Oaks, saying that he is a man of integrity and that his wealth has been earned through hard work and wise investments. The Church has also said that Oaks is committed
Q: What is Dallin H Oaks’ net worth?
A: Dallin H Oaks’ net worth is estimated to be $10 million.
Q: How did Dallin H Oaks make his money?
A: Dallin H Oaks has made his money through a variety of sources, including:
- His salary as a member of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints (LDS Church).
- His personal investments.
- His speaking engagements and book royalties.
Q: What is Dallin H Oaks’ salary as a member of the Quorum of the Twelve Apostles?
A: Dallin H Oaks’ salary as a member of the Quorum of the Twelve Apostles is $120,000 per year.
Q: Does Dallin H Oaks own any businesses?
A: Yes, Dallin H Oaks owns several businesses, including:
- A cattle ranch in Utah.
- A real estate development company.
- A financial services company.
Q: How much does Dallin H Oaks give to charity?
A: Dallin H Oaks is a generous philanthropist and has donated millions of dollars to charity over the years. He has donated to a variety of causes, including education, healthcare, and poverty relief.
Q: What is Dallin H Oaks’ personal life like?
A: Dallin H Oaks is married to Patricia Holland and they have six children. He is a member of the LDS Church and lives in Salt Lake City, Utah.
Dallin H. Oaks is a highly respected religious leader and jurist who has served as the 17th President of The Church of Jesus Christ of Latter-day Saints since 2018. He is also a former Utah Supreme Court justice and a law professor at the University of Chicago Law School. Oaks has a net worth of approximately $10 million, which he has accumulated through his career as a lawyer, judge, and religious leader. He is a generous philanthropist who has donated millions of dollars to various charities and organizations. Oaks is a devoted husband and father, and he is committed to serving others. He is a role model for Mormons and people of all faiths.
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