Though some estimated his net worth at £16 million—based on assets tied to his office—Francis reportedly declined his salary and donated it to charitable causes.

As a Jesuit, he took vows of poverty, chastity, and obedience, living simply and advocating for the poor. In 2019, he controversially converted a Roman palace into a homeless shelter. He chose the name “Francis” in honor of Saint Francis of Assisi, reflecting his lifelong dedication to service and humility.