The new pope has officially been chosen - and his mindblowing salary has been revealed.
Following the death of Pope Francis, who passed away aged 88 on Easter Monday, a new pope has been chosen.
White smoke billowed from the chimney of the Sistine Chapel on Thursday afternoon to signal to the world that the conclave had reached a decision on who would take over as head of the Catholic church.
The conclave elected 69-year-old Robert Francis Prevost - who will now be known as Pope Leo XIV - a prominent American Catholic leader, was born in Chicago, Illinois, on September 14, 1955.
He is the first US-born pope and the 267th pope.
While the role comes with great responsibility, it also comes with some pretty impressive perks, too.
According to Fortune.com, the job of pope comes with a €30,000 ($33,800) a month salary, putting them on par with US presidents and university chancellors. It works out at about $405,600 yearly, according to Daniel Rober, a professor of Catholic studies at Sacred Heart University.
And the pope won't even have to spend it on his living costs, as the pontiff gets free meals all day, free accommodation, the Popemobile to drive around in, as well as his own private pharmacy and more.
Despite Pope Francis having had the opportunity to earn millions across his 12-year tenure in the role, he famously turned down the generous paycheck and donated it to those in need instead.
Rober told the outlet: "He’s somebody who lived as a Jesuit for decades before becoming a bishop and continued to live in the style that he’s been accustomed to as a religious throughout the rest of his life."
It is not yet known if Pope Leo will accept the salary or where he is set to live.
The pope usually lives in the Apostolic Palace, a lavish gilded home where all of the expenses are covered by the Vatican, including all of his meals, daily necessities, and custom, hand-tailored clothing made by top religious outfitters.
Despite having the right to live in the luxurious quarters, Pope Francis - born Jorge Mario Bergoglio - famously opted not to live in the palace, choosing instead a simple suite at the Domus Sanctae Marthae guesthouse.
Francis had chosen simplicity throughout his papacy and chose to live in a two-room space instead of the 12-room top-floor apartment traditionally used by popes, and would share meals in the communal dining area, and only used the papal library for official meetings.
Other perks Pope Leo will be give include a $3,300 monthly retirement fund, as well as access to the Popemobile and all of his travel, security, and healthcare costs covered with free access to Vatican medical services and a private pharmacy.
While Pope Leo, an Augustinian friar who spent most of his life as a missionary in Peru, is yet to make a decision on how he will live, many including his own brother believe he will align closely with Francis.