Putin's official financial disclosure claims he earns just $175K a year and owns a couple of apartments and a parking spot
- Putin's official financial disclosure is out, and it's almost comically modest.
- It says his assets include a couple of apartments, some old cars, a camping trailer, and a parking spot.
President Vladimir Putin's latest financial disclosure has been released, declaring a modest set of assets that almost certainly does not reflect his true financial position.
The disclosure is one of the formalities associated with registering as a presidential candidate, which Putin did on Monday, ahead of Russia's March 17 elections.
According to the document, detailed by The Moscow Times, Putin's assets are largely unchanged compared to his last disclosure in 2018, and include:
$753,000, representing six years of his official salary, pension, and other earnings;
$607,000 in savings across several bank accounts;
A 1,650-square-foot government-leased apartment in Moscow;
An 828-square-foot apartment in St Petersburg, with a 193-square-foot garage attached;
A St Petersburg parking space;
Two classic cars from the 1960s;
A 1987 camping trailer;
And a 2009 Lada Niva.
That's far from the riches Putin is widely believed to command.
Putting a true figure on those is close to impossible, even for wealth experts like those at Forbes.
Investigative reporting by groups such as the International Consortium of Investigative Journalists, independent Russian outlet Proekt, and opposition campaigner Alexei Navalny have over the years pointed to vast sums and property portfolios whose likely ultimate controller is the Russian president.
The most widely-cited estimate is credited to financier and Kremlin critic Bill Browder, who suggested that Putin was worth about $200 billion — which in 2024 would place him as the third-richest person in the world, a few billion ahead of Jeff Bezos.
The latest financial disclosure makes no reference to the multiple palaces and superyachts said to be owned or controlled by Putin.
There's no mention of the secret bunker at his Black Sea palace, nor the highly-protected woodland palace on Lake Valdai, where his rumored girlfriend Alina Kabayeva is said to live.
As recently as this month, investigative outlet the Dossier Center also reported on a complex on Lake Karelia, near Finland's border, said to belong to Putin.
It described the property as comprising "three modern-style houses, two helicopter pads, several yacht piers, a trout farm, and a farm with cows for the production of marble beef, as well as a personal waterfall."