The Faithful Greet Pope Francis

PHOTO: New Pope, Argentinian cardinal Jorge Mario Bergoglio appears at the window of St Peters Basilicas balcony after being elected the 266th pope of the Roman Catholic Church.

Catholics around the world have a new pope, Argentina's Cardinal Jorge Mario Bergoglio, now known as Pope Francis. He is the first pope from Latin America, a region which accounts for 40 percent of Catholics.

Cardinal Bergoglio, 76, is well-known in Argentina for his simple lifestyle. He takes the bus to work and lives in a modest apartment in downtown Buenos Aires instead of the church mansion, according to the Associated Press.

He nearly became pope in 2005, garnering the second-highest number of votes in the conclave that elected Pope Benedict XVI.

In case you were hiding under a rock, here's a 60 second clip of how Cardinal Bergoglio was announced Pope Francis I today.

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