Money & Power

How Much Is Vladimir Putin Actually Worth?

It depends who you ask.
IMAGE GETTY
Comments

Vladimir Putin could be the richest man in the world. Take that, President Trump.

Last year, Hermitage Capital Management CEO Bill Browder told the Senate Judiciary Committee that he believes the Russian president is "the richest man in the world" with a net worth of $200 billion. Browder has some bona fides to back up his Russian connections; the financier's firm was once the largest portfolio investor in Russia.


Russian president speaks at The Grand Kremlin Palace in Moscow in 2015.

Celebritynetworth.com has a more conservative estimate: $70 billion, which matches the figure Russian political analyst Stanislav Belkovsky gave the Bureau of Investigative Journalism in 2012. Forbes, the universally accepted source of wealth information, dubbed the former KGB agent "the world's most powerful person" but doesn't provide an estimate of his net worth.

A spokesperson for the publication tells Town & Country that's because they haven't been able to figure it out: "While Forbes has been able to track money tied to Putin’s allies, we have not been able to come up with a defensible, provable estimate of his net worth."

ADVERTISEMENT - CONTINUE READING BELOW

"Everything that belongs to the territory of the Russian Federation Putin considers to be his," exiled Russian banker Sergei Pugachev told the Guardian (Pugachev once earned the nickname "Putin's banker.") He said that "any attempt to calculate [Putin's net worth] won’t succeed. He’s the richest person in the world until he leaves power."

Whatever the figure is, Putin himself certainly isn't saying. When presented with links to stories cited above, a representative from the Press and Information Office of the President of the Russian Federation responded, "This information has no substance. As you may know, the declarations of Mr. Putin’s income and property are published annually on http://kremlin.ru/structure/administration/income-reports."

[Editor's note: Putin's reported 2015 salary was 8.9 million rubles (about $137,000)]

The Kremlin representative signed off with a phrase familiar in Trumpworld: "We recommend you to use only reliable sources henceforward and not to believe fake news in 2018."

ADVERTISEMENT - CONTINUE READING BELOW

This story originally appeared on Townandcountrymag.com.
* Minor edits have been made by the Townandcountry.ph editors.

Comments
About The Author
Sam Dangremond
View Other Articles From Sam Dangremond
Comments
Latest Stories
 
Share
Standout picks from Olivia d'Aboville, Jam Acuzar, and the Art Fair organizers themselves.
 
Share
Kathryn Galitz talks about masterpieces, art collecting, the fickle art market, and artworks considered national heritage in private hands.
 
Share
 
Share
The former talk show host is backing an art auction to support Miss Porter's, a private girls' school.
 
Share
An immersive nine-channel work greets you on the fourth floor of The Link at the Globe Platinum booth.
 
Share
Take a look inside one of the most extensive fashion exhibitions in history.
 
Share
Twelve luxury hotels and one spa were included in the Forbes Travel Guide.
 
Share
In the age of likes and swipes, top photographer Tom Epperson presents images that invite conversation and consideration.
 
Share
India Hicks and her mother zigzagged across London this week in search of the missing pieces.
 
Share
Guests may not walk away with gold, but they do get some serious goodies.
 
Share
He was a child prodigy, who translated Shakespeare to Tagalog at eight and studied at Columbia University at 12.
Load More Articles
CONNECT WITH US