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Meet the richest man on the planet: Vladimir Vladimirovich Putin. Former KGB agent and the current president of Russia for the past 15 years. Owner of a $1billion palace. This man knows how to make money, how to steal and how to flex. He practically “owns” Russia. You think Bill gates is rich? Think again!
If you’ve ever wondered about the size of Russian President Vladimir Putin’s private fortune, allow me to offer a clue: He doesn’t need one.
From time to time, Western journalists and bloggers speculate about whether Putin is one of the world’s richest men or just its wealthiest political leader. Look up “Putin’s personal fortune” on Google, and you’ll find estimates of between $40 billion and $70 billion.
The media reports, which often cite one another, ultimately tend to rely on one primary source: a November 2007 interviewgiven by a prominent member of Moscow’s chattering classes, Stanislav Belkovsky, to the German daily Die Welt. In the interview, he claimed that Putin “controlled” 37 percent of the oil company Surgutneftegaz and 4.5 percent of natural gas monopoly Gazprom. The $40 billion estimate of Putin’s fortune was simply the 2007 market price of these stakes.
Belkovsky’s allegations reached Putin’s ears when an Associated Press reporter askedhim during a February 2008 press conference: “Some newspapers have reported that you are the wealthiest man in Europe. If that is so, what are the sources of your wealth?”
Putin flatly denied the reports. “It’s just chitchat, nonsense, nothing to discuss,” he said. “They picked it out of their noses and smeared it on their pieces of paper.”
There was, however, some curious substance to the rest of Putin’s reply. “I am the wealthiest man not just in Europe but in the whole world. I collect emotions, I am wealthy in that the people of Russia have twice entrusted me with the leadership of a great nation such as Russia — I believe that is my greatest wealth.”
Bill Browder, CEO of Hermitage Capital Management, estimates Putin’s net worth at $200 billion. That would make Putin more than twice as wealthy as Bill Gates, who, with a fortune of $79.2 billion, is the world’s richest person.
Putin has 4 yatches and the most notable yacht is over 175 feet long and costs around $37 million. This mega yacht has a professionally designed interior, a wine cellar filled with the most exquisite wines, and a pool that features a waterfall.
He has always had a love for cars. It is rumored that Putin’s first car was a gift from his mother who won it in a lottery when he was in his third year of college. After growing up without transportation, Putin has more than made up for it as the most powerful man in Russia. How many cars does he own? The latest total of his personal fleet is around 700 vehicle. The most expensive car in Putin’s garage is a 3.5 ton limousine that, thanks to a long list of security features, is impossible to blow up even with a rocket.
The total count for Putin’s airplanes is now 43, and it’s estimated that they cost a total of $1 billion. We are still at a loss as to why the Presidential jet is not sufficient since its interior is filled with gold and was designed by master artisans to appeal specifically to Putin’s interests. Regardless, Putin spends whatever and however he wants. A key feature on one of his planes is a $75,000 toilet.
Former deputy prime minister, estimated that the maintenance of Putin’s residences, jets and cars alone costs £1.6billion




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