Vladimir Putin claims he earns $140,000 a year, lives in an 800 square foot apartment, and said he has a trailer and three cars.
However, according to some financial experts, the Russian president may well be the richest man in the world, with a reserve of 200 billion dollars.
Articles from the American magazine Fortune indicate that Putin, who has a penchant for high-end luxury watches, likes to relax in a 1.4 billion dollar mansion by the Black Sea and has a collection of 58 planes and helicopters.
This includes a $716 million plane called “The Flying Kremlin” that has gold lavatories.
As the man behind a war that rocked a nation, speculation and interest in his private affairs reached levels the notoriously private dictator would clearly find uncomfortable.
“I have a private life in which I do not allow interference. It must be respected,” Putin previously said, while dismissing those “who, with their snotty noses and erotic fantasies, lurk in the lives of others.”
However, since his country’s brutal invasion of Ukraine, details have been exchanged on the internet about his two talented daughters – a rock ‘n roll dance scientist and a doctor who has become one of the world’s top experts in his country in matters of dwarfism.
There’s also her secret love life with former Olympic gold medalist gymnast Alina Kabaeva (38), once called ‘Russia’s most flexible woman’, who reportedly shares two sons and seven-year-old twin daughters with the 69-year-old Russian leader.
Now, with harsh sanctions imposed on Russian individuals and companies following the Russian invasion, attention has turned to Putin’s real wealth.
Despite portraying himself as a modest, dedicated bureaucrat who enjoys a simple, middle-class lifestyle, Putin is often seen sporting high-end luxury watches.
He was pictured wearing Patek Philippe’s perpetual calendar watch which comes with a $60,000 price tag and a $500,000 A Lange & Sohne Toubograph, along with other exclusive models.
He is also believed to be the owner of a huge 190,000 square foot mansion called “Putin’s Country Cottage” which sits on a cliff overlooking the Black Sea.
With frescoed ceilings, a marble pool lined with statues of Greek gods, and a 27,000-square-foot guesthouse, it costs $2 million a year just to maintain the property’s landscaping per a staff of 40 people.
There are also spas with traditional steam rooms, a music lounge, locker rooms for all its staff, an amphitheater, a state-of-the-art ice hockey rink, a Vegas-style casino, and a nightclub outfitted with strip sticks.
A bar offers over $100,000 in wine and spirits while there’s an underground tasting room overlooking the water.
Decorated by an exclusive luxury Italian brand called Citterio Atena, the mansion includes Louis XIV-style sofas, $500,000 in dining room furniture and a $54,000 bar table. It even has bathrooms outfitted with $850 Italian toilet brushes and $1,250 toilet paper holders.
The Kremlin denies that Putin owns the palace, saying it is owned by a wealthy businessman, but analysts have pointed out that no businessman can have properties guarded by the FSB (Russian Federal Security Service). ) with a no-fly zone above it.
In addition to his collection of 58 planes and helicopters, he can also take to the seas in a $100 million mega yacht designed by a Russian Navy nuclear submarine manufacturer.
The $200 billion figure for his wealth was reached by financier Bill Browder during testimony before the US Senate Judiciary Committee in 2017.
This sum – which would make Putin richer than Jeff Bezos, Bill Gates and Elon Musk – is based on Browder’s belief that Putin ordered Russia’s wealthiest oligarchs to offer him half of their wealth after the 2003 arrest. of Mikhail Khodorkovsky, the founder of the Yukos oil company and once the richest person in Russia.
He was also named in the notorious Panama Papers which exposed a web of secret offshore deals and loans worth $2 billion pointing to Putin in 2016.
And even if Putin, solely responsible for the decision to invade Ukraine, is not yet the target of sanctions, he may already be taking action to preserve his assets.
German outlets last month reported that the Graceful, a superyacht believed to be owned by the Russian president, left Hamburg in silence before completing scheduled repairs.
Vladimir, meanwhile, admitted to being the richest man not only in Europe but in the whole world for his collection of emotions.
“I am rich in that the Russian people have twice entrusted me with the leadership of a great nation like Russia,” he once said. “I believe this is my greatest wealth.”