Home News Poor millionaire or ultra-rich billionaire? What is known about Putin’s assets

Poor millionaire or ultra-rich billionaire? What is known about Putin’s assets

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Poor millionaire or ultra-rich billionaire?  What is known about Putin’s assets

Kin the run-up to the weekend elections, in which Vladimir Putin will be confirmed as the president of Russia, the practically unlimited ruler of the country revealed his personal wealth. In his asset declaration for the Central Election Commission, he admitted that he had earned 67.7 million rubles (over 17 million crowns) over the past six years and that he had a total of 54.4 million rubles (less than 14 million crowns) in ten bank accounts.

Putin further according to the Russian paper Kommersant stated that he owns two apartments: one with an area of ​​154 square meters in Moscow and one roughly half that in his native St. Petersburg, where he also has a small garage. As for the vehicle fleet, he owns two Volga cars made back in the days of the Soviet Union, one Lada Niva from 2009 and a “Skif” car trailer from 1987. And that’s practically all.

People who have been following events in Russia for a long time, but do not believe that his assets are only counted in tens of millions of crowns.

Navalny revealed a giant palace that apparently belongs to Putin

Putin’s huge assets, real estate, yachts and companies, formally written to his long-time friends or associates, came into the spotlight thanks to the work of the investigative team of the recently deceased opposition leader Alexei Navalny. Three years ago revealed for example, the existence of a giant opulent palace lined with gold by the Black Sea. Its real owner is apparently Vladimir Putin, although after the publication of the report, Arkady Rotenberg, an oligarch close to Putin, claimed ownership of this largest residential building in Russia.

There are seven thousand hectares of land by the Black Sea.  The place, where there is no visibility from the surrounding area, from the sea and because of the no-fly zone, even from airplanes, hides Putin's residence, according to the oppositionist Alexei Navalny.

There are seven thousand hectares of land by the Black Sea. The place, where there is no visibility from the surrounding area, from the sea and because of the no-fly zone, even from airplanes, hides Putin’s residence, according to the oppositionist Alexei Navalny.

Photo: palace.navalny.com

The complex is located in the Krasnodar region in the south of Russia on a plot of land with an area of ​​seven thousand hectares, and the territory of Monaco alone could fit into it thirty-nine times. A casino, aqua disco, theater hall, game room or spa are available inside, a hockey stadium, a church and vineyards have grown on the same property. The construction of the magnificent palace cost almost 30 billion crowns.

Navalny's team created a 3D model of the palace and previews of its interiors.  Here is the first floor.

Navalny’s team created a 3D model of the palace and previews of its interiors. Here is the first floor.

Photo: palace.navalny.com

Last year, Navalny’s investigative team came up with another finding: that Putin is also the final owner of the huge luxury yacht Scheherazade. It has six floors and is 140 meters long. It has, among other things, swimming pools, spas, several saunas, a large dining room, cabins for guests, a study and a cinema hall.

Scheherazade is 140 meters long.  It has six floors, where, among other things, there are swimming pools, spas, several saunas, a large dining room, cabins for guests, a study or a cinema room.

Meet one of the largest yachts in the world. Scheherazade is 140 meters long, has six floors, where, among other things, there are swimming pools, spas, several saunas, a large dining room, cabins for guests, a study and a cinema room.

Photo: palace.navalny.com

Putin? One of the richest people in the world

American investor and political activist Bill Browder even ranks Putin among the richest people in the world. “I estimate that he has amassed $200 billion in ill-gotten gains,” he said Browder in his testimony before the US Congress, stating that Putin has hidden these 4.6 trillion crowns mainly in the West.

Bill Browder is an experienced expert on the Russian post-Soviet economic environment and underworld. In the mid-1990s, he founded the investment fund Hermitage Capital Management in the country and poured four billion dollars into it. But gradually he discovered that he was being robbed by oligarchs. When he drew attention to unfair practices, he was labeled a “threat to national security” in 2005 and banned from entering the country. After that, Russian officials allegedly looted his property. The Russian lawyer Sergei Magnitsky, hired to investigate the seizure of his company, was tortured and eventually killed in prison in 2009.

Putin was also touched by the so-called eight years ago Panama Papers. Although the president’s name does not appear in any of the documents obtained by journalists, the materials showed that his friends made millions on deals that simply could not have happened without Putin’s patronage. Moreover, it turned out that Putin’s family lived off this money. The documents also revealed that people close to Vladimir Putin had about two billion dollars hidden in foreign accounts.

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