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Paul Marcinkus (Paul Casimir Marcinkus) was born on 15 January, 1922 in Cicero, Illinois, United States, is a Catholic archbishop, former head of the Vatican Bank (1922–2006). Discover Paul Marcinkus's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 84 years old?

Popular As Paul Casimir Marcinkus
Occupation N/A
Age 84 years old
Zodiac Sign Capricorn
Born 15 January 1922
Birthday 15 January
Birthplace Cicero, Illinois, United States
Date of death 20 February, 2006
Died Place Sun City, Arizona, United States
Nationality United States

We recommend you to check the complete list of Famous People born on 15 January. He is a member of famous former with the age 84 years old group.

Paul Marcinkus Height, Weight & Measurements

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Paul Marcinkus Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Paul Marcinkus worth at the age of 84 years old? Paul Marcinkus’s income source is mostly from being a successful former. He is from United States. We have estimated Paul Marcinkus's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
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Source of Income former

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Timeline

1922

Paul Casimir Marcinkus (January 15, 1922 – February 20, 2006) was an American archbishop of the Catholic Church and president of the Institute for the Works of Religion, commonly known as the Vatican Bank, from 1971 to 1989.

Marcinkus was born in Cicero, Illinois, the son of Lithuanian immigrants and the youngest of five children.

His father worked as a window cleaner, among other occupations.

1947

After attending Archbishop Quigley Preparatory Seminary and St. Mary of the Lake Seminary, Paul was ordained to the priesthood for the Archdiocese of Chicago on May 3, 1947, and served parish assignments with both St. Christina's and Holy Cross Church on the city's south side.

1949

By 1949, he had been appointed to the archdiocese's matrimonial tribunal, which processed petitions to recognize the nullity of putatively valid marriages.

1950

In 1950, Marcinkus began to fulfil special assignments for the Holy See and became friendly with Cardinal Giovanni Battista Montini, later Pope Paul VI, while studying canon law at the Gregorian University.

1953

Upon earning his degree in 1953, he completed the two-year program for prospective diplomats at the Pontifical Ecclesiastical Academy and was assigned to Bolivia in 1955 and to Canada four years later, serving as secretary in the nunciature of the Holy See in both instances.

1959

Beginning in December 1959, he worked at the Secretariat of State in Rome and served on occasion as an interpreter for Pope John XXIII and as an English translator for Pope Paul VI.

Under Paul VI, he helped manage arrangements for papal overseas trips.

His height and muscular build served him well as an "informal bodyguard" for Paul VI, earning him the nickname "The Gorilla".

1968

Paul VI appointed Marcinkus secretary of the Vatican Bank in 1968.

1969

On January 6, 1969, he received his episcopal consecration as Titular Archbishop of Horta.

1971

He was named its president in 1971 at the age of 48, serving in that role until 1989.

Although an able administrator, Marcinkus had no prior experience as a banker.

Upon his initial appointment to the Vatican Bank, he underwent brief training and short (of days-to-weeks) observational periods at several financial institutions.

1973

As early as April 24, 1973, Marcinkus was questioned in his Vatican office by United States federal prosecutor William Aronwald and Bill Lynch, head of the Organized Crime and Racketeering Section of the United States Department of Justice, about his involvement in the delivery of $14.5 million worth of counterfeit bonds to the Vatican in July 1971, part of a total request of $950 million stated in a letter on Vatican letterhead.

His name had arisen and the letter come to light during the investigation of an international gangster, who eventually served 12 years in prison.

Marcinkus said "he considered the charges against him serious, but not based enough on fact that he would violate the Vatican Bank's confidentiality to defend himself...back in the States, it was agreed on the highest levels that the case against Marcinkus could not be pursued any further."

1979

In 1979, Marcinkus was reported as having been targeted by the Red Brigades, a far-left terrorist group, for possible kidnap or assassination after his address and other documents were found in the apartment of two group members, Valerio Morucci and Adriana Faranda.

1981

In 1981, John Paul II promoted Marcinkus to archbishop and made him vice-president of the Governorate of the Vatican City state, in effect its governor.

1982

In 1982, he allegedly thwarted an assassination attempt against Pope John Paul II in Fátima, Portugal, when Juan Maria Fernandez y Krohn, a reportedly disturbed priest, attacked the Pope with a bayonet.

In fact, several Portuguese police officers grabbed and disarmed the attacker, preventing the Pope from being stabbed.

In July 1982, Marcinkus was implicated in financial scandals being reported on the front pages of newspapers and magazines throughout Europe, particularly the collapse of the Banco Ambrosiano, in which Propaganda Due (aka "P2"), a Masonic Lodge, was involved.

Marcinkus had been a director of Ambrosiano Overseas, based in Nassau, Bahamas, and had been involved with Ambrosiano's chairman, financier Roberto Calvi, for a number of years.

He also was involved with Michele Sindona, who had links with the Mafia.

The scandal widened, after the body of Calvi, whose Banco Ambrosiano had dealt with Marcinkus, was found hanging under London's Blackfriars Bridge in June 1982.

Marcinkus himself was never charged with a crime.

He stepped aside as head of the Vatican Bank soon after, with a board of laymen assuming control of the bank.

1984

In 1984, Marcinkus was named by David Yallop as a possible accomplice in the claimed "murder" of Pope John Paul I; Yallop made allegations regarding a number of suspects, involving the Mafia and Freemasonry.

1986

The Vatican eventually paid £145 million in a settlement with creditors, with Marcinkus observing in 1986 that "You can't run the Church on Hail Marys."

Marcinkus later said that he was misquoted, what he actually said was: "When my workers come to retire, they expect a pension; it's no use my saying to them 'I'll pay you 400 Hail Marys."

1990

He resigned his Vatican position on October 30, 1990.

Marcinkus returned to the Archdiocese of Chicago in 1990 before retiring to Arizona, where he lived as an assistant parish priest at St. Clement of Rome Church in Sun City.

He declined to discuss his role in the Ambrosiano scandal.

Archbishop Marcinkus died in Sun City, Arizona, aged 84, of undisclosed causes.

2008

As of 2008, a case of a missing person had been reopened after claims that Emanuela Orlandi, daughter of a Vatican employee, had been kidnapped and later killed on orders of Marcinkus were made by Sabrina Minardi, a former girlfriend of Enrico De Pedis, boss of the gang, Banda della Magliana.

Members of Orlandi's family said they were skeptical of the claim, as Minardi had been treated for drug abuse.

Investigators remained cautious but were reportedly impressed by the accuracy of some details, as reported by La Repubblica.

2019

For instance, Anthony Raimondi, who purports to be a nephew of Lucky Luciano, claimed in 2019 that he helped his alleged cousin Marcinkus murder the pope.

Loris Serafini, director of a museum in Canale d'Agordo overseeing a collection covering John Paul I's life, refers to the purported murder as "an unshakable myth", and Chico Harlan and Stefano Pitrelli, writing for the Washington Post, report that: "One papal doctor believed heart attack was the likeliest cause of death. Another doctor who'd previously treated the pope said there was "no clinical doubt" that the cause was circulatory... In her official work as postulator, Stefania Falasca, a journalist for the Italian newspaper Avvenire, and the lead investigator for the Vatican regarding the late pope's canonisation, quotes the conflicting medical opinions and does not try to weigh which was likelier.