An official announcement was made that Russian President Vladimir Putin, who is running for a fifth term in March this year, earned only ‘about 1 billion won’ over the past six years. The real estate also said, “There is only one small apartment and one garage.” However, there are many speculations that President Putin, who used to be a secret agent, may have carefully hidden an unimaginable amount of wealth ‘without a trace on paper.’
Russia’s state-run Interfax news agency reported on the 20th of last month, “According to presidential candidate information released by the Russian Central Election Commission, President Putin reported income from 2017 to 2022 as 67,591,875 rubles (about 1.06 billion won).” did.
The assets held are also frugal. He holds a total of 54,416,604 rubles (about 809 million won) in 10 bank accounts and 230 shares of St. Petersburg PJSC Bank stock. On the Moscow Exchange, this stock is priced at 280.49 rubles per share.
Real estate is more simple. There is only one small (77㎡) apartment and one 18㎡ garage in St. Petersburg. There are only three cars produced during the Soviet Union: the 1960 Gaz M21, the 1965 Gaz M21, and the 2009 Lada Niva. He also owned a skiff trailer produced in 1987. The National Election Commission said here, “We have the right to unlimited use of one 153㎡ apartment in Moscow and an 18㎡ parking lot in St. Petersburg.”
President Putin, who is running for a fifth term in the presidential election held from March 15 to 17, registered as an independent candidate with the National Election Commission on the 19th of last month and disclosed his assets. Russian presidential candidates are required to disclose income and asset information for the six years prior to the election year.
But not many people believe this. There is speculation that President Putin’s hidden assets are enormous. CNN, citing Russian experts, said, “There is literally no paper trace of his wealth.” Bill Browder, CEO of Hermitage Capital, Russia’s largest investment firm, testified before the U.S. Congress in 2017 that “Putin’s wealth could be as high as $200 billion (about 267 trillion won).”
Russian opposition leader Alexei Navalny’s anti-corruption group claimed that Putin “has a so-called ‘Putin palace’ on the Black Sea coast.” The mansion, which includes an amphitheater, an underground hockey rink, and a private port, is estimated to be worth more than $1 billion (about 1.3 trillion won). There is also a theory that 58 types of aircraft were hidden in four yachts, including the luxury yacht ‘Graceful’ worth $100 million (about 130 billion won). According to the so-called ‘Pandora Papers’ released by the International Consortium of Investigative Journalists (ICIJ) in 2021, an anonymous woman reported to be one of Putin’s lovers owns an apartment worth $4.1 million (about 5.4 billion won) in Monaco. .
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Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.