Are billionaires going to hell? | Nicholas Hayes-Mota

As of March 2025, Elon Musk, the richest person in the world according to Bloomberg, was valued to be worth 311 billion dollars. To help put this quantity in perspective: In order for the average middle-class person earning around $45,000 a year to earn even $1 billion, they would have to devote all their time to work, while spending nothing, for over 21,000 years—that is, longer than human history.

Given the extent of dire need across the world, it seems grossly unethical for anyone to have that kind of money. From a Catholic perspective, we need to take seriously not only concerns rooted in natural law ethics, regarding the flourishing of the person and the common good, but also traditional teachings about the moral obligations around money. Scripture is filled with warnings about the serious, possibly eternal punishments in store for those who hoard wealth at the expense of the poor. Does that mean billionaires are going to hell? Is wealth a sin?

On this episode of Glad You Asked, hosts Emily Sanna and Rebecca Bratten Weiss talk to moral theologian Nicholas Hayes-Mota about the Catholic Church’s teaching on wealth and whether amassing vast amounts of money is a sin.

Hayes-Mota is a social ethicist and public theologian whose research interests include the theology of community organizing, Catholic social thought, contemporary virtue ethics, democratic theory, and AI ethics.