There is relatively little information about Russia’s President Vladimir Putin’s wealth and where it may be hiding. Putin has $125 billion hidden in offshore havens, according to Anders Aslund, author of Russia’s Crony Capitalism.
In 2021, Alexei Navalny’s now-banned Anti-Corruption Foundation (FBK) released “Putin’s Palace,” a viral film about a spectacular property worth more than $1 billion at Gelendzhik on Russia’s southern Black Sea coast. Western countries have already placed severe sanctions on Russia, causing economic chaos and driving the ruble to a new low against the dollar on Monday.
SWIFT, a high-security network that permits payments between 11,000 financial institutions, has prohibited some Russian banks from accessing it. Sanctions will also be imposed on the Russian Central Bank, which will be limited in its ability to deploy foreign reserves, lessening the sanctions’ impact.
Even traditionally neutral Switzerland has said that it will implement EU sanctions and freeze the assets of certain individuals, including President Vladimir Putin, Prime Minister Mikhail Mishustin, and Foreign Minister Sergey Lavrov. However, if Putin and his inner circle had assets in Western countries, sanctions would be increased in response to international outrage over Russia’s invasion of Ukraine, as per The NY Times.
Other than wealth, Putin allegedly has an affair, secret child
Putin divorced Lyudmila Shkrebneva, a former flight attendant with whom he had two adult children, Katerina and Maria, in April 2014, just after Russia invaded Ukraine’s Crimea. The 30-year marriage ended because he was having an extramarital affair and didn’t want to be bound by his family’s traditions, as had previous Russian czars.
The Russian President’s love interest was Alina Kabayeva, a 31-year-old Russian rhythmic gymnast with dreamy eyes and high cheekbones. Despite the Kremlin’s denials, reports suggest Putin and Kabayeva are married and have twin boys.
Putin has hinted at a romantic relationship in the past, but he has made it plain that the Russian people and media are not authorized to discuss it. Putin prevents the Russian media, most of which is under direct or indirect government control, from reporting about his personal life, and anybody who disobeys the order is publicly chastised.
Putin’s annual salary as Russia’s president ranges from $115,000 to $225,000. He has, nevertheless, amassed an inconceivable fortune, ranging between $100 billion and $200 billion, making him one of the world’s richest leaders, maybe wealthier than Jeff Bezos, Bill Gates, or Elon Musk.
According to the New York Post, his most lavish and massive mansion, which cost more than $1 billion to build, is located on the Black Sea. Fort Knox-style security surrounds the residence, which features an impenetrable barrier and a border crossing. It is not accessible by land, sea, or air. The airspace over the palace, as well as sea approaches, is severely restricted.