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Being an autocratic oligarch is lucrative

Tuesday, February 21, 2017 5:37
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(Before It's News)

Vlad Putin may well be the richest man in the world. There is good money in being a former KGB agent, member of the Communist Party of the USSR and the authoritarian leader of a nuclear power.

Russian President Vladimir Putin might be the richest man in the world, according to experts who believe he could have a net worth of $200billion.

The official richest man in the world, according to Forbes, is Microsoft’s Bill Gates with a net worth of $75billion.
During his nearly two decades in power, Putin’s net worth has been widely speculated, with the former KGB agent likely having private assets in real estate and company holdings.

One of the most quoted guesses of the 64-year-old’s net worth is political analyst Stanslav Belkovsky’s 2007 estimation of $40billion, but Bill Browder, author and a former fund manager in Russia, has said the president has a higher worth – upwards of $200billion.

IBTimes raised the question of Putin’s wealth last week, pointing out that Browder spoke to Fareed Zakaria GPS in 2015, claiming that Putin’s years in power have led him to gain quite a fortune.

‘I believe that it’s $200 billion,’ he said at the time. ‘After 14 years in power of Russia, and the amount of money that the country has made, and the amount of money that hasn’t been spent on schools and roads and hospitals and so on, all that money is in property, bank – Swiss bank accounts – shares, hedge funds, managed for Putin and his cronies.’

More here.



Source: http://therealrevo.com/blog/?p=157157

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