Vladimir Putin Net Worth
Putin’s net wealth is estimated to be approximately $200 billion by US hedge fund manager Bill Browder, while others feel it might be considerably more.
Putin’s net worth has never been disclosed, but it is thought to be substantial.
Putin earns 8.6 million roubles (£A79,600) each year, according to the Kremlin, but experts feel this does not tell the whole picture of his riches.
The president is said to have a plethora of assets, including mansions, boats, automobiles, and secret palaces, estimated to be worth billions of dollars.
Forbes just published analysis into how Putin came to amass his money.
One possibility concerns Mikhail Khodorkovsky, a Russian oligarch previously thought to be the country’s richest man, with a net worth of over $15 billion.
He was sentenced to prison in 2003 on charges of fraud and tax evasion, which he has disputed ever since.
Many have blamed Mr. Khodorkovsky’s detention on Russian President Vladimir Putin, as his arrest came just months after he slammed the Russian President for state corruption.
Putin receives an annual income of $187,000 (5.8 million rubles) according to official records. In 2012, he earned $113,000 (equivalent to 3.6 million rubles).
Russian-made cars and a 16,000-square-foot plot of property in the suburbs of Moscow are Putin’s formal assets, which he estimates to be worth a total of $180,000 in savings accounts.
His detractors claim that he took advantage of his position to gain a 4.5 percent stake in Gazprom, a 37 percent stake in Surgutneftegas, and a 50 percent stake in Swiss oil trader Gunvor as a joint venture partner.
