Is Vladimir Putin Secretly the Richest Man in the World? They say money equals power, and How To Make Enough Money To Travel The World Putin has plenty of power of right now. But how much money does he have? Figuring out the Russian president’s net worth has long been the holy grail of spooks and hacks around the world. But the personal wealth of Putin—a former KGB agent—is nearly impossible to decipher, and is likely distributed across a secret web of company holdings, real estate, and other people’s accounts.
The most often cited estimate comes from a former mid-level Kremlin adviser named Stanislav Belkovsky. 40 billion—a figure that would put him in the top 10 of Forbes magazine’s ranking of billionaires. Forbes, the premier chronicler of the world’s wealthiest, doesn’t include Putin on its list of billionaires. In 2015, the magazine said it couldn’t verify enough assets. Russian President Vladimir Putin takes a glass of champagne during the reception for new foreign ambassadors at Grand Kremlin Palace on November 9, 2016 in Moscow, Russia. Putin has received credentials from 19 new foreign ambassadors and also extended congratulates to Donald Trump the winner of U. The Kremlin source based his estimate on Putin’s alleged stakes in several companies, mostly in the oil sector.
Gazprom, and had substantial holdings in a commodities trader called Gunvor. Belkovsy told the Guardian at the time. I suspect there are some businesses I know nothing about. Russian President Vladimir Putin examines gold ingots before a meeting with region government on November 22, 2005 in Magadan, Russia. The American government has linked Putin to Gunvor, too. Treasury said in a statement in 2014 as it announced sanctions. 93 billion in revenue in 2012—denies Putin has ever had any ownership in the company. 9, 2008 file photo a two and a half month female tiger cub, no name yet given, looks at, at the Novo Ogaryovo residence of Russian Prime Minister Vladimir Putin, right, outside Moscow.
Russian President Vladimir Putin watches the Peace Mission 2007 counter-terrorism exercise of Shanghai Cooperation Organization in Chebarkul, 17 August 2007. The activities are part of the Peace Mission 2007 counter-terrorism exercise of Shanghai Cooperation Organization. Putin certainly has the visible trappings of wealth. It also allegedly includes a private theatre, a landing pad with bays for three helicopters, and accommodation for security guards. Putin’s palace on the Black Sea. The palace was personally built for Putin but paid for using a secret slush fund created by a group of Russian oligarchs, according to a self-exiled Russian businessman named Sergei Kolesnikov, who provided evidence of the alleged scheme to the BBC.
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The alleged scheme suggests a system in which the Kremlin’s power grants Putin access not only to his country’s corporate wealth but also to the personal accounts of Russian’s richest oligarchs. And if the rumors are true, the Black Sea manse isn’t Putin’s only palace. 400,000, according to a scandalous dossier drawn up by a former deputy prime minister in 2012. Boris Nemstov wrote in the document, according to the Telegraph. Russian Prime Minister Vladimir Putin adjusts his sunglasses as he watches an air show during MAKS-2011, the International Aviation and Space Show, in Zhukovsky, outside Moscow, on August 17, 2011. Putin, docked in Sochi in 2015.
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Saratov, on the Volga river south-east of Moscow, has German chandeliers and Italian furniture, and features a billiard room, a winter garden, a pool and sauna. The yacht ‘Graceful’ of Russian President Vladimir Putin is mooored at the port of Sochi, Russia, 13 July 2015. Unlike Donald Trump, Putin has publicly downplayed his net worth. They picked it out of their noses and smeared it on their pieces of paper. But he does not deny a certain level of priceless holdings, according to New York Times reporter Steven Lee Myers’ book The New Tsar.