Pope quiz: Why is Catholic wealth spent supporting splendor, pomp?

We live in a time of more income disparity between the wealthy and the poor. The Roman Catholic Church is the custodian of great wealth that has accumulated throughout the ages.

Why is this great wealth continued to be used to support the papal hierarchy with splendor and pomp?

Shouldn’t this great wealth be used for helping people throughout the world who are in dire need of clean drinking water and food, regardless of their faith?