As mentioned earlier, there are serious obstacles that make it either impossible or next-to-impossible for even experts to estimate Putin’s current net worth with a degree of confidence that interested individuals can trust in. Putin Trump summit: Can Putin speak English? This is because there are claims that Putin’s personal wealth isn’t held under his name but instead held under the names of his family members as well as other associates. Boris Yeltsin was Russia’s first President to oblige Russian officials to declare their yearly earnings. How much does he earn as Russia’s President? However, what seems certain is that Putin is much, much richer than what the official numbers say because they simply don’t line up with his luxurious lifestyle. As for Putin managed to make so much money, the general strokes of the answer aren’t particularly mysterious even if the finer details are unknown.

Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Meanwhile, there are estimates of Putin’s current net worth that are much, much higher. This can be seen in how the life expectancy of Russians fell by five years from 1991 to 1994, which was something that happened in a significant number of other post-Soviet Union countries as well. In part, this is because of a lack of information, which is worsened in his case by the fact that most of the relevant documents should be in Russian rather than in English. Despite these flashy assets, the true extent of Mr Putin’s wealth remains a mystery. For starters, there is an official report that Putin earned about $135,000 in 2018, which is based on a combination of his salary, his pension, the interest on his savings, and the return on his investments. Unfortunately, these estimates have serious issues as well, seeing as how these individuals just don’t have enough documentation to provide their claims with a solid foundation. Naturally, this means that there are a lot of people who are curious about Putin’s current net worth. Mr Trump began the talks by congratulating the Russian president on his country’s hosting of the World Cup. Please see our Privacy Notice for details of your data protection rights. Another extravagance is his $500million (£376,432,500) yacht named Graceful is one in a fleet of yachts said to be owned by the Russian president. Putin consciously lowered his salary by 10 per cent in 2015 due to a fluctuating ruble, earning $137,000 (£96,442), but his salary has since increased sharply once again. Which Breitling Galactic Model is Right for You? See today's front and back pages, download the newspaper, However unlike countries such as the United States, where the President’s salary has remained stagnant for 15 years, Putin’s salary has continued to rise. In contrast, US President Barack Obama earns $400,000 per year, while German Chancellor Angela Merkel makes $240,000 per year. Vladimir Putin has met with Donald Trump today in Finland, Putin age: How old is Vladimir Putin? What Makes A Tag Heuer Watch Face Different From Other Brands? Forbes, who compiles the annual rich list, won’t estimate Putin’s net worth, as they cannot verify his financial assets say Newsweek. Putin consciously lowered his salary by 10 per cent in 2015 due to a fluctuating ruble, earning $137,000 (£96,442), but his salary has since increased sharply once again.
Journalists and reporters shout not only about raising the incomes of officials, but also about a similar situation with the president's earnings. This came to light as Mr Putin was required to disclose his earnings to register for the Presidential Election in March this year.

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