Putin: The Richest Of Them All?
By the time John D. Rockefeller died in 1937, his assets equaled 1.5% of America's total economic output. To control an equivalent share today would require a net worth of about $340 billion dollars, more than four times that of Bill Gates, currently the world's richest man.
Well, according to some people Bill Gates is not the richest man on this rock. Vladimir Putin is.
“I believe that [Putin is worth] $200 billion,” he once told CNN. “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.”
In reality, no one really knows how much Putin is worth. Nor will they.
I will say this. He does not have a Billionaire lifestyle outside of perks allowed by the Russian Presidency.
There is also another way to think about all of this. Perhaps Mr. Putin's wealth comes not from money, but from enthusiastic and unconditional support of the Russian people. Something you cannot buy with money.
In a sense one can argue that Putin owns Russia and Russia owns Putin. And don't forget, Russia is the richest country in the world based on Natural Resources. Valued today at more than $100 Trillion.
Eat your heart out Bill Gates???