The private wealth of Vladimir Putin is an everyday subject of debate within the higher echelons of world energy and economics. It is also a subject we’ve got lined extensively right here at CelebrityNetWorth. Search CNW for “Vladimir Putin wealth” and you will find about two dozen articles on the subject going again almost a decade. We at present peg Vladimir Putin’s net worth at $70 billion. Some sources have positioned the quantity as excessive as $200 billion. Even at “simply” $70 billion, that will make Vladimir the 15th richest person in the world.
Vladimir has long-denied controlling an enormous fortune. His official place is he’s not a billionaire, not even a millionaire. His most-recent monetary disclosure detailed a comparatively meager net worth consisting of $180,000 in a financial savings account, a couple of Russian-made vehicles and a 16,000 sq. foot plot of land within the Moscow suburbs. He makes slightly over $100,000 per yr in wage.
However, there have been rumblings that Vladimir spent $1.4 billion on a personal palace and allegations that he secretly owns extraordinarily useful chunks of a number of oil, gasoline and chemical corporations.
After which there’s the truth that a few of Vladimir’s shut buddies, members of the family and even supposed girlfriends in some way find yourself sitting on huge fortunes that seem out of skinny air. For instance, did you ever hear the story of how Putin’s former son-in-law reportedly received a $400 million stake in a chemical firm as a marriage current? My favourite wedding ceremony present was a Dyson Set off hand-held vacuum which retails for round $350. If in case you have the means, I extremely advocate it. It actually sucks.
At present, due to the Guardian, the BBC and the Worldwide Consortium of Investigative Journalism (ICIJ), some new mild has been shed on the hidden off-shore wealth of a handful of world leaders together with Putin and his interior circle.
A basic disclaimer: The anecdotes we element on this article come from the Guardian’s reporting. We’ve not seen the Pandora Papers and may’t confirm something. We’ll attempt to maintain utilization of “reportedly” and “allegedly” to a minimal, however every little thing is alleged and unconfirmed. I am additionally fairly sure these allegations shall be denied by the events concerned, in the event that they have not been already…
On Sunday, the Guardian dropped a bombshell report detailing a literal treasure trove of paperwork which were dubbed the “Pandora Papers.”
The Pandora Papers include 12 million paperwork that have been leaked to the Worldwide Consortium of Investigative Journalism (ICIJ). These 12 million paperwork got here from 14 monetary companies corporations dealing with transactions for ultra-wealthy individuals. The monetary corporations are based mostly in Singapore, Panama, Belize, Cyprus, Switzerland, the United Arab Emirates and the British Virgin Islands.
One of the vital eyebrow-raising allegations contain a girl who’s allegedly Putin’s former girlfriend/child momma.
A Secret $100 Million Girlfriend?
Proper out of the gate, the Guardian tells the story of a luxurious condominium in Monaco that was bought in 2003 for $4 million. The condominium was reportedly bought by a British Virgin Islands-based firm referred to as “Brockville Improvement Ltd.” Brockville is owned by two Panamanian-based corporations: Sefton Securities and Radnor Investments.
In accordance the Pandora Papers, whenever you peel again the layers of shell corporations criss-crossing the globe, the true and precise purchaser in 2003 was a 28-year-old girl named Sventlana Krivonogikh.
In accordance the Guardian, during the last 20 years Svetlana – a girl of modest background who was working as a division retailer cleansing girl within the Nineteen Nineties – in some way managed to amass no less than $100 million price of property. Svetlana reportedly owns a yacht, a luxurious condominium in her house city of St Petersburg and several other properties in Moscow.
Final yr, the Russian unbiased investigative outlet Proekt alleged that Svetlana befriended Putin within the Nineteen Nineties when he was the deputy mayor of St Petersburg. She allegedly grew to become Putin’s girlfriend. In 2003 Svetlana had a daughter named Luiza. Proekt claims that Putin is the daddy.
Banks, Weddings and Ski Resorts
Exterior of private flats and yachts, Proekt claims that Svetlana has additionally managed to amass useful shares in a financial institution and even a ski resort, each of which have some critical Putin pink flags.
In line with the Guardian, Financial institution Rossiya was based within the Nineteen Nineties utilizing startup capital offered by the Communist social gathering. A person named Yuri Kovalchuk, who is usually referred to as “Putin’s private banker,” is Financial institution Rossiya’s greatest shareholder. Yuri’s net worth peaked at around $2 billion earlier than he grew to become considered one of a handful of distinguished Russian businessman focused by the US Treasury with sanctions over their involvement in 2014 Crimean disaster. At present his net worth is estimated at $650 million.
Svetlana – the cleansing girl turned actual property mogul – reportedly owns round 3% of Financial institution Rossiya.
Nikolai Shamalov is one other Financial institution Rossiya shareholder. He is additionally one of many businessmen who have been sanctioned by the Treasury again in 2018.
Nikolai was working as a dentist within the Eighties when he befriended Putin. Over the following decade Nikolai in some way managed to amass a big portfolio of property together with his stake within the financial institution.
Via Financial institution Rossiya, Svetlana, Nikolai and Yuri all reportedly personal items of a luxurious ski resort outdoors of St Petersburg referred to as Igora. Putin is kind of keen on Igora. He has skied there a variety of occasions.
In 2013 Putin’s daughter Katerina obtained married.
Guess the place she obtained married? Igora.
Guess who hosted the occasion? Yuri Kovalchuk – Putin’s private banker.
The title of Katerina’s groom? Kirill. His final title? Shamalov.
Kirill is Nikolai’s son. Nikolai is the dentist turned tycoon who has recognized Putin for the reason that Eighties.
Kirill is the previous son-in-law (he and Katerina divorced in 2018) who allegedly obtained a $400 million stake in a chemical firm for $100, as a marriage current.
That is half one of many Pandora Paper revelations. There are different tales involving the King of Jordan, Tony Blair, the President of Azerbaijan and the Prime Minister of the Czech Republic. We’ll be posting essentially the most fascinating tales from the revelations and any comply with ups that come.