The Salvation Army was founded by
William Booth, a dedicated altruistic soul who ran it until his death in 1912.
But he also had to be a canny businessman, and in 1878 he had the entire holdings of the enterprise put into his name as sole proprietor.
That paragraph above comes from
this Australian newspaper, which state that at time of Booth's death the Australian holdings alone amounted to "over half a million pounds."
I find the figure of £975,000 for worldwide holdings from
this 1912 biography of Booth. An online inflation calculator for British pounds figures that sum equals £81,700,000.00 today.
So the selfless General was a multimillionaire when he was
Promoted to Glory and passed on the Sally to his son Bramwell.
I can't find any data on when the Booth family gave over control of the Army to some kind of board of directors. I assume they did. Did they?
Does any WU-vie have the answer?
Category: Charities and Philanthropy | Money | 1910s