Vladimir Putin had a net worth of about 10.2 million rubles (about $136,603) in 2021, according to reports from the Kremlin’s website by the Russian news organizations TASS and Interfax. Vladimir Putin’s income is predicted to rise by the two Russian agencies compared to 2020, although it will still be considerably less than the 18.7 million rubles ($250,) or so that were reported in 2017. The Russian president’s lineage is reportedly represented by a small number of assets that are all situated on Russian land. A Niva SUV, two Volga GAZ M21 automobiles, a 190 square foot garage, and apartments with 900 and 1600 square feet each are included among his possessions in the official statement. Moreover, Putin has a tow truck.
Putin, according to Interfax, is not the wealthiest official in Russia. In actuality, he has a lower net worth than Prime Minister Mikhail Mishustin. Mikhail’s net worth in 2021 was 18.3 million rubles (about 243,913.93 thousand dollars). He and his wife and kid possess many properties, including a 59201.51 square foot parcel of land, a home little more than 9000 square feet, and a 1500 square foot apartment. With an annual salary of more than $850,000, his wife is even wealthier. She earns 63.8 million rubles. The Kremlin and the Russian media made this information public. However, media including The Washington Post, Fortune, Business Insider, and others chose to differ.
According to Fortune, Putin owns 200 billion dollars worth of real estate, which is described as an “unsolvable riddle.” In addition to helicopters, aircraft, and other automobiles, the list also includes a watch collection, a $1.4 billion Black Sea house, and 19 additional properties (none of which are in his name). According to many media agencies, among Putin’s planes is then the “Flying Kremlin,” a luxurious jet with a gold toilet valued at 716 million dollars.
The amount released by the Kremlin does not appear to have persuaded anyone, not even the wealthy business giants like Elon Musk. I think Putin is much richer than I am, he stated during an interview with Axel Springer CEO Mathias Döpfner. Bill Browder, co-founder, and chairman of the investment company Hermitage Capital Management as well as a well-known detractor of Vladimir Putin is another skeptic listed by Fortune. He is one of the authors of the “Magnitsky Act,” a piece of legislation conceived by Obama to combat rights violations and corruption in Russia.
Putin allegedly has a $200 billion split among the oligarchs, according to Browder, who discussed this in a conversation with Corriere Della Sera for the publication of his book “Freezing Order.” Browder has been working for years to solve the puzzle of Putin’s money, and as reported by Corriere Della Sera, he is the subject of an arrest requested by the Kremlin via Interpol. After discovering a sophisticated scheme of tax evasion and fraud in Russia, his coworker Sergei Magnitsky died in a Russian jail, and that is when everything began. According to Browder, Putin’s fortune of $200 billion came from an agreement reached with other billionaires following Mikhail Khodorkovsky’s arrest and incarceration in 2003, according to Fortune (pictured). He was held liable for fraud and embezzlement by the Moscow Court. To avoid being forced to sit at the same rack as Khodorkovsky,” Putin reportedly struck this agreement with a few representatives of the Russian billionaire class.
One of Vladimir Putin’s most well-known adversaries, political activist Alexei Anatolievich Navalny, and his team have also concentrated some of their investigations on the goal of exposing Putin’s alleged hidden riches. CNN reiterated these discoveries in a film that connected Putin and the billionaires to a magnificent mansion on the Black Sea. The CNN film gives the viewpoints of various specialists regarding the findings of Navalny’s team. It is challenging to pinpoint Putin’s location and real estate, everyone agrees. In an interview with CNN, journalist Tom Burgis describes Russian oligarchs’ reliance on Putin as akin to having a “godfather.”
On the other side, John C. Corbally quotes a 2013 declaration from Putin himself in his book, “The Twentieth-Century World, 1914 to the Present: State of Modernity.” “Not just in Europe, but also globally, I am the richest guy because I gather feelings. Being trusted twice by the Russian people to govern such a powerful country as Russia makes me wealthy. I think that’s the most valuable thing I have.”
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