Vladimir Putin: Russian president reveals how much he earns in race for re-election

Russian President Vladimir Putin is constantly making headlines - be it about his allegedly critical state of health, rumors about a doppelganger or speculation about whether the Kremlin leader is still alive at all.

The Russian president is currently preparing for the presidential elections, which are due to take place in a few weeks' time and in which he plans to enter the race as a candidate. According to experts, he has a good chance - if he wins, it would be his sixth term in office. Now the president has once again caused a stir - and made his finances public.

Surprising revelation

There has always been a lot of speculation about Putin's wealth. However, the figures that have now become public are likely to astonish some people. As reported by the magazine news.de, the US magazine NewsWeek and the Münchener Merkur, Putin claims to have earned the equivalent of only 700,000 euros in the last six years. By comparison, the US President earns the equivalent of around 370,000 euros - per year.

According to further reports, the financial documents revealing this were published by the Russian election authority last Tuesday. The 67.6 million roubles, the equivalent of 700,000 euros, are calculated from Putin's income as President of Russia as well as money from property sales, a military pension and income from bank deposits.

Doubts about Putin's statements

According to further information from the Central Election Commission (CEC), the Kremlin leader's savings amount to just over 500,000 euros and are spread across ten bank accounts. Other financial assets include a few vintage Soviet cars and other valuable automobiles. Expensive real estate is also said to be owned by the Russian president.

However, Newsweek, news.de and Merkur report that there are doubts about the published figures: Vladimir Putin is said to own a number of other luxury goods and properties, such as luxury yachts, airplanes, helicopters and other luxury cars. In total, the Kremlin president's assets are said to amount to an estimated 36 billion euros, as reported by Vermögenmagazin, for example. Putin has also already been ranked as one of the richest men in the world by many experts.

However, it is unclear what is really true about the figures and which information is correct.

Read more:

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This article has been translated from Gentside DE.

Sources used:

news.de: "Vladimir Putin: Financial report revealed: This is what Putin has earned in recent years!"

newsweek: "Putin Claims He's Made Less Than $1 Million as President in Past 6 Years"

Merkur: "Putin allegedly earns poorly: only 700,000 euros in six years"

Vermögenmagazin: "Vladimir Putin: The Russian president's fortune"