Vladimir Putin’s net worth could secretly make him the richest man in the world with a £1billion house where toilet brushes cost £650

While there is no doubt that Vladimir Putin is a very rich man, the value of the Russian president remains a mystery.

Although Putin is thought to hold billions of dollars in personal wealth, little is known about the exact amount or its location.

According to the Kremlin, Putin earns an annual salary of $140,000. It is publicly revealed that he has an 800 square foot apartment, a trailer, and three cars.

However, some experts claim he could be the richest man in the world – with potential assets totaling up to $200 billion.

These claims aren’t necessarily unfounded either, with experts weighing in on why they think he’s worth so much more than people think.

The billion pound clifftop mansion

First, there’s the ‘secret’ Black Sea luxury mansion worth at least £1billion – which can be spotted amazingly on Google Maps.

The revelation comes after Russian opposition leader Alexei Navalny’s Anti-Corruption Foundation released a documentary about the property, claiming that Putin uses the palace as his own private home, which the Russian president has denied.

The Kremlin alleges that the house is a commercial enterprise owned by various businessmen. However, the murky world of Russia’s mega-rich has led to speculation that it may actually belong to the Russian president himself.

The palace would contain a Las Vegas-style casino, 11 guest rooms and an amphitheater

The property sits atop a cliff that overlooks the scenic location below.

This mansion is considered the largest private residence in the country and serves as his private palace called “Putin’s Country Cottage”, according to Fortune.com.

The property has frescoed ceilings, a marble pool surrounded by statues of Greek gods, a music lounge, hockey rink, amphitheater, spas, and more.

A 27,000 square foot guest house is on site, as well as staff locker rooms, a Vegas-style casino, a nightclub with strip sticks, a bar with over $100,000 worth of wine, and spirits and an underground tasting room overlooking the water.

Interiors are said to be from a luxury Italian brand called Citterio Atena, including Louis XIV-style sofas, $500,000 in dining room furniture and a $54,000 bar table.

Even the bathroom is stocked, with $850 Italian toilet brushes and $1,250 toilet paper holders.

2 million dollars per year are spent on exterior maintenance, carried out by 40 people.

The Black Sea mansion was designed by architect Lanfranco Cirillo and cost $1.4 billion.

Navalny’s allies have released photos of the palace, which is also said to have a separate kitchen for meat, fish, pastries and vegetables. In August 2020 Navalny was poisoned with Novichock, the same nerve agent used in the 2017 Salisbury poisonings, and he was subsequently jailed.

After the allegations, which Navalny called “the biggest bribe in history”, came to light, billionaire Arkady Rotenberg claimed he owned the mansion and was to turn it into an apartment hotel. Arkady’s son, Igor, and brother, Boris, have both been sanctioned by the UK over their close ties to Putin. Navalny’s estimates of the property exceed £1billion.

Vehicles, planes and houses

Putin reportedly owns around 58 planes and helicopters, as well as 700 cars. Among those assets is said to be a $716 million plane called “The Flying Kremlin” that has gold lavatories.

He is said to own a $100 million megayacht that was designed by a Russian Navy nuclear submarine manufacturer.

In total, Putin owns eight residences. Its offices are in the Kremlin, a fortified cluster of about 15 buildings on 68 sprawling acres, as Business Insider reports.

He has lived in his official residence, Novo-Ogaryevo, for 22 years. He apparently likes the complex very much and refers to it as his home, and although it is not actually his, it has been assigned to him “in perpetuity”.

One of his most famous apartments is Bocharov Ruchy, located in Sochi. This is a publicly known location, generally used for government purposes. He is not the first Russian government official to live there; it has been inhabited by rulers since its completion in 1955 (via Russia Beyond). George W. Bush met Putin at the property in 2008.

He owns an apartment in Moscow, which he has rented through the Russian government since 1990. This residence at Akademika Zelinskogo Street, 6, is well known to the public as one of Putin’s living spaces while he works .

Luxury watch collection

The Russian president has often been photographed with luxury watches on his wrist. For example, he was seen with a Patek Philippe Perpetual Calendar watch, which is worth $60,000.

He reportedly owns a $500,000 A. Lange & Sohne Toubograph, among other high-end designers. In 2009 he gave a £5,500 black Blancpain to a factory worker.

“Putin’s visible watch collection is worth multiples of his official salary,” Bill Browder, an investor in Russia who became a fierce critic of Putin, told CNN in 2018. “Wealth is the result of extortion and the massive theft of public funds.”

Browder testified before the US Senate in 2017 that he estimated the Russian leader’s wealth to hover around $200 billion in assets, which would make him one of the wealthiest people on the planet.

200 billion dollars of blackmail

Financier Bill Browder told a US Senate Judiciary Committee in 2017 that Putin amassed most of his fortune after oligarch Mikhail Khodorkovsky was jailed for fraud. He estimated it to be $200 billion.

He said: “After Khodorkovsky’s conviction, the other oligarchs went to Putin and asked him what they should do to avoid sitting in the same cage with Khodorkovsky.

“From what followed, it appeared that Putin’s answer was, ‘50%’

“He wasn’t saying 50% for the Russian government or the presidential administration of Russia, but 50% for Vladimir Putin personally.”

The Panama Papers also revealed offshore deals and loans worth $2 billion that pointed to Putin.

The Russian president denies these allegations and said: “I am the richest man, not only in Europe but in the whole world: I collect emotions. I am rich insofar as the Russian people have twice entrusted me with the leadership of a great nation like Russia. I believe this is my greatest wealth.

Vladimir Putin’s true net worth remains a mystery, but many were quick to find fault with what the government told them.

Putin and his cronies dismiss all claims of his wealth and corruption as “pure fiction”.

Putin’s own line is as follows: “I am the richest man not only in Europe but in the world. I collect emotions. I am rich in that the Russian people have twice entrusted me with the leadership of a great nation.

But disinterested representation couldn’t be further from the troubling picture painted by dissidents.

Political expert Stanislav Belkovsky claimed Putin had made £27bn from stakes in three Russian energy companies, an oil exploration company, Surgutneftegaz, the national energy giant Gazprom, and Gunvor, a oil trading company.

Sergev Kolesnikov is among those who claim that Putin is using state funds and donations from wealthy so-called state backers, for extreme personal gain.

The businessman helped Putin collect money from the super-rich, thinking he was heading for state projects. He and two partners set up Rosinvest to invest the money. Tellingly, 94% of the company belonged to Putin.

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