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Putin’s fortune. “De Telegraaf” claims that President Vladimir Putin is the richest man in the world

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Yachts, palaces, planes and suspicious private companies – Putin is probably the richest man in the world – wrote the Dutch daily “De Telegraaf”. The newspaper also notes that it seems impossible to clear the fog of confusion surrounding the Russian president’s fortune.

Officially, Putin receives an annual salary of approximately PLN 114,000. euro and declares that he owns a 77-square-meter apartment in Moscow, three cars and a caravan. However, the biggest newspaper Netherlands reminds, among others, the Panama Papers from 2016, which show that the Russian leader has, among others, USD 2 billion hidden thanks to an extensive network of companies.

Putin’s fortune. How much is it really?

In May 2022, Italian authorities seized Scheherazade, a superyacht worth over EUR 650 million whose official owner is Eduard Khudainatov, former CEO of the Russian state oil company Rosneft, but according to Bloomberg, it belongs to the Russian president. However, this week it was revealed that five weeks before the invasion of… Ukraine Putin ordered a luxury yacht called Kosatka (formerly Graceful), worth EUR 87 million, to be transported from Hamburg to Kaliningrad.

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The team of Kremlin opposition leader Alexei Navalny, who is serving years in prison on politically motivated charges, released a video a few years ago showing a luxurious €900 million palace that the Russian president is said to have built on the Black Sea.

Putin extorted fortunes from “scared rich Russians”?

Theories about the origin of Putin’s wealth vary. “De Telegraaf” claims that after the arrest of the oligarch Mikhail Khodorkovsky the president extorted “scared rich Russians” of up to 50 percent of their wealth. “Thanks to this, they could avoid Khodorkovsky’s fate,” wrote the daily, which claims that Putin is richer than Elon Musk and Jeff Bezos. “Since Putin quit his job as a KGB spy in… Germany and returned to St. Petersburg, climbing the hierarchy, creating a network of thousands of front companies run by fake people,” we read in “De Telegraaf”. Completely unraveling the ambiguities surrounding Putin’s fortune seems impossible. The Dutch daily reminds that former deputy prime minister Boris Nemtsov tried to determine the course of the president’s financial transactions. He accused Putin of making millions on corrupt transactions with energy companies and making a lot of money on the construction of the Olympic Village in Sochi. In February 2015, Nemtsov was shot on a bridge near the Kremlin.


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