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Is Vladimir Putin The Richest Person In The World?

Is Vladimir Putin the richest person in the world? This has been one of the questions out here Amid the ongoing buzz around Putin’s war against Ukraine.

For a man who has served almost all his life as a civil servant and a politician, one would have imagined how much he is worth and if indeed Vladimir Putin is the richest person in the world as rumour has it?

In this article, we will attempt to find out with you if Putin is the richest person in the world. We will look at his wealth and some other factors that possibly let people conclude as he is the wealthiest in the world.

In a previous post, we covered extensively President Vladimir Putin’s biography, net worth, and other details which will interest you. READ IT HERE. Financial disclosure by the Kremlin in August 2019, gives Vladimir Putin funny figures as his net worth.

Though the figures in the disclosure have been seen as not reliable since the president keeps his wealth a secret, it reported a total annual income of $135,000 and listed the following as his most-valuable earthly assets:

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Is Vladimir Putin the richest person in the world?
Is Vladimir Putin the richest person in the world?

President Vladimir Putin Assets and Properties

According to the disclosure, Putin owns the assets listed below;

  • An 830 square-foot apartment in Saint Petersberg (with access to a 200 square-foot garage!)
  • A 1,600 square-foot apartment in Moscow
  • Two vintage Russian GAZ M21 sedans, worth a combined $20-30,000
  • A Lada Niva SUV, worth around $6,000
  • A $900 tow-able camper tent trailer

We have no idea how to value those assets and income but we can assume that Vladimir Putin’s net worth is something around $500,000.

Is President Vladimir Putin the Richest person in the world?

Well, the answer to this question could be yes or no. Looking at what we have listed above and Putin’s purported net worth, one could conclude that Vladimir Putin is amongst the richest persons in the world. It is alleged that the Russian president keeps a massive secret fortune. There are have stories of his fortune in the past for over a decade.

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His critics allege that the president has secretly privatized lots of state-owned companies to his name. Also, he is accused of arresting and taking charge of Russia’s then-richest citizen, Mikhail Khodorkovsky wealth. He was worth $15 billion. In May 2005, he was found guilty and sentenced to 9 years in prison.

Again, longtime Putin critic Bill Browder, a hedge fund manager who was ousted from Russia in 2005, upon seeing what happened to Mikhail Khodorkovsky, had this to say about Vladimir Putin;

Putin is one of the richest men in the world. I estimate that he has accumulated $200 billion of ill-gotten gains from these types of operations over his 17 years in power.

Clearly, according to Bill Browder, Vladimir Putin is worth $200 billion, and if this figure makes Vladimir Putin the richest person in the world today.

Vladimir Putin’s $1.4 Billion Mansion.

The president is alleged to own a $1.4billion mansion. There have been reports from Russian activists who flew a drone over the property and captured it.

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The unimaginably luxurious mansion spans 190,000 square feet situated on a 170-acre clifftop above the Black Sea. Reputed to be the largest private residence in Russia. See video of Putin’s mansion below;

 

The mansion features a 27,000 square-foot guest house, amphitheater, professional-caliber ice hockey rink, a Vegas-style casino, nightclub with stripper poles, and an underground tasting room overlooking the water.

Classical music plays around the clock at the property’s vineyards. Bathrooms feature $850 Italian toilet brushes and $1,250 toilet paper holders.

For the last time, we ask again, is Vladimir Putin the richest person in the world?. No one can tell for sure but if all the analyses above are true then the Russian president can be said to be the richest person in the world.

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