§2403
Morals › … › I. The Universal Destination and the Private Ownership of Goods
The right to private property, acquired by work or received from others by inheritance or gift, does not do away with the original gift of the earth to the whole of mankind. The universal destination of goods remains primordial, even if the promotion of the common good requires respect for the right to private property and its exercise.
Source: Catechism of the Catholic Church (Vatican.va)