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A 77 m2 apartment, a caravan… Putin reveals an astonishing financial legacy

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As the presidential election approaches, Vladimir Putin has listed all his assets in an official document. These statements appear to fall short of some estimates.

Russian authorities on Monday formalized Vladimir Putin’s participation in the presidential election in March, where the leader is expected to win. However, a document released by Russia’s Central Election Commission (CEC) this Tuesday, January 30, and provided by the Russian president, raised a surprise.

The document, released by Belgian media HLN, shows Vladimir Putin’s financial assets, showing that the latter has earned 67.6 million rubles (694,421 euros) over the past six years. This income comes from various sources like his salary, bank securities and deposits, military and civilian pensions as well as sale of property.

Some apartments and cars

Regarding his material wealth, the Russian president reveals that he has a 77 m² apartment and an 18 m² garage in St. Petersburg. He also mentioned a government-rented 153.7 m² apartment in Moscow and an 18 m² parking lot in St. Petersburg, which the government made available to him on an unlimited basis. The documents also reveal that Putin owns two GAZ M-21 cars from 1960 and 1965, a camping caravan from 1987 and a Lada Niva from 2009. The Russian president also disclosed savings of 54.5 million rubles (559,663 euros) spread across ten Russian banks. accounts, as well as possession of 230 shares of the Bank of St. Petersburg, worth 280.49 rubles (2.88 euros).

However, the analysis of this financial legacy, appearing relatively modest, raises doubts, contrary to the estimates of the economic magazine Forbes, in which Vladimir Putin’s wealth is 200 billion euros, which would make him one of the richest men in the world. the world

In 2022, various foreign media reporters also discovered the hidden elements of the President’s fortune, highlighting 86 companies and organizations linked to the same domain name for his email address. These assets include luxury properties, yachts, jets and bank accounts totaling €4.3 billion. Russian rival Alexei Navalny already claimed in 2021 that the Russian president has an estimated 1.4 billion euros, including the construction of a 17,000 m² palace on the Black Sea coast, on an estate 39 times larger than Monaco.

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