Previously, ISH News had released 2 videos about  Russian President Vladimit Putin. In the first video we told about his childhood and in the 2nd video we told you how he became the President of Russia. In this much awaited 3rd video we will tell you how Vladimir Putin became rich and owns so many jets, thousands of cars, etc. People say that Putin is very very rich. People even say that he is the richest man in the world, even more richer than Elon Musk. According to the Russian government , Mr Putin earns around 8.6 million Roubles in a year, that is about Rs. 77 lakh. Some say that Putin earns an annual salary of $140,000 that is more than Rs. 1 crore. But according to experts, this is not true and he is much richer than this. Though his exact net worth is still unclear. Former Russian government adviser Stanislav Belkovsky recently estimated Putin’s fortune to be worth around $US 70 billion. While US investment manager Bill Browder said it was more like $US 200 billion. 

A recent investigation by Forbes has found three main theories on how Putin amassed his multibillion-dollar fortune. I am going to one by one tell you about the 3 theories. 

1. The first theory says that a Russian oligarch named Mikhail Khodorkovsky. He was once believed to be the richest man in Russia with an estimated $15 billion fortune. In 2003, during a meeting Khodorkovsky had told Putin that his government was very corrupt. Then after a few months, he was imprisoned on charges of fraud and tax evasion. However he continually denied the accusations. It was widely known that Putin was behind Mr Khodorkovsky’s imprisonment. Khodorkovsky’s fortune was frozen and his hugely successful company was broken up. It is believed that Putin may have used this arrest to make deals with all the other wealthy Russian businessmen. As per the sources, the deal that Putin signed with all these businessmen was that ‘You give me 50 percent of your wealth and I’ll let you keep the other 50 per cent’. If you don’t, then Putin will take 100 percent of your wealth and throw you in jail. It is said that he has accumulated $200 billion of his fortune from these types of operations over his 17 years in power. 

2. The second theory is that Putin grew his wealth by using his government influence to help his close friends and family earn money. Forbes suggests that Putin helps those in his inner circle to acquire shares in different companies. Then these friends offer him cash or shares in these companies. Many of Putin's childhood friends and close friends have gained a vast amount of wealth over the years.

3. The third and final theory is a bit different. This theory says that there is a possibility that Putin actually doesn’t have vast amounts of wealth but he just likes people to think that he does. It is said that the Russian President actually does not need any personal wealth when he already has so much power. He just has to give out orders and the whole country will just follow. It is enough for Putin to snap his fingers, and state-owned companies will give up assets to his friends at a very cheap price. If he just tells, then wealthy private businessmen will give money for the lavish renovation and redecoration of Putin’s presidential residence. Now you know how Putin has become rich. Do you want to know what all he owns? We will bring that to you in the next part. Keep watching ISH News. 

Tags

• Vladimir
• Putin
• Russia
• Rich
• Wealth
• billionaire

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