Last year, prior to the G20 Summit in Buenos Aires, Donald Trump canceled the meeting he was supposed to have with Vladimir Putin. Ever since then, people and the media cannot stop wondering which one of these two presidents is richer and how much is Putin worthier. So, we decided to share everything we know about Putin’s net worth with you.
How Much is Vladimir Putin’s Net Worth?
This is probably one of the hardest questions to answer as no one know exactly how much is Putin’s net worth. However, ever guess is generally in the billions. So, back in 2015, one of the major critics of Putin and a former fund manager in Russia claimed that Putin’s net worth stands at $200 billion, which would mean that he is the richest person on Earth
How Did He Earn His Money?
How did Russia’s president earn his money and how has he gotten so rich is yet another mystery. What we know is that Putin owns holdings in a number of Russian companies. Moreover, rumors have been swirling that a lot of Putin’s money comes from extortion and theft. As a result, the Russian economy has experienced unprecedented growth. Thus, he has earned a lot of money through investments and kickbacks.
Putin maintains his power and he’s considered as one of the most powerful people in the world. He is known for his heavy-handed approach and killing his political rivals and journalists. Russia’s president has over 20 palaces and villas, helicopters, yachts, and over 40 airplanes. He also loves spending tons of money on clothes and watches.
Whether he is the richest man on Earth is still to be confirmed, but if his net worth is $200 billion, it would mean that he is twice as rich as Jeff Bezos. Putin’s wealth is hidden in different assets, such as vehicles, real estate, and investment. Hence, this is what makes it so hard for anyone to verify his wealth.