Is Putin The Richest Man? $200 Billion Fortune, 58 Planes And Helicopters, 20 Palaces And Country Retreat Sites

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 and had holdings in the commodities trader, Gunvor.

Gunvor denies that Putin ever had any ownership in the company, which made $93billion in revenue in 2012, according to TIME.

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

Since first estimating that Putin was worth $40billion, Belkovsky upped his estimate to $70billion, claiming he gained more information from ‘confidential sources around the corporations’, according to an interview with The Bureau of Investigative Journalism.
A net worth of $70million would put Putin in second place on the Forbes billionaires list, only behind Gates and right above Zara’s Amancio Ortega.
A well-known sign of wealth for Putin is his $35million super yacht named Olympia.
Chelsea Football Club owner Roman Abramovich is claimed to have given Putin the yacht after he became president of Russia.
But perhaps one of Putin’s most visible signs of wealth is a palace on the Black Sea that’s reportedly worth $1billion.
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