PAPER: After 17 Years in Power, Putin has a ‘$200 Billion Fortune, 58 Planes and Helicopters and 20 Palaces and Country Retreats’

Avatar by Ryan Saavedra February 20, 2017

Daily Mail Says Putin Could Be The Wealthiest Man In The World

The Daily Mail reported Monday that estimates for the net worth of Russian leader Vladimir Putin range from $40 billion all the way up to $200 billion which would make him by far the wealthiest man in the world.

If Putin is worth $40 billion then that would mean that he is tied with Michael Bloomberg as the 8th wealthiest man in the world. Forbes currently lists Bill Gates as the wealthiest man in the world with a net worth of $75 billion.

From The Daily Mail:

One of the most quoted guesses of the 64-year-old’s net worth is political analyst Stanslav Belkovsky’s 2007 estimation of $40billion, but Bill Browder, author and a former fund manager in Russia, has said the president has a higher worth – upwards of $200billion.

IBTimes raised the question of Putin’s wealth last week, pointing out that Browder spoke to Fareed Zakaria GPS in 2015, claiming that Putin’s years in power have led him to gain quite a fortune.

‘I believe that it’s $200 billion,’ he said at the time. ‘After 14 years in power of Russia, and the amount of money that the country has made, and the amount of money that hasn’t been spent on schools and roads and hospitals and so on, all that money is in property, bank – Swiss bank accounts – shares, hedge funds, managed for Putin and his cronies.’

Belkovsky points out that most of Putin’s wealth came from the oil industry, saying that Russian President controlled large portions of a couple of oil and gas companies. The Daily Mail says that Belkovsky has changed his initial estimate of Putin’s net worth from $40 billion to $70 billion.

Putin owns a yacht worth a reported $35 million named Olympia.

 

Follow Ryan Saavedra On Twitter @NewsRevoltRyan

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