Russian president Vladimir Putin stole money from the government in the first ten years of his power in the country, according to Russia’s former largest foreign investor Bill Browder.
His looting made Mr Putin’s net worth $200 billion that he could be the richest man in the world or one of the richest in the world at the very least, Browder said.
Vladimir Putin Net Worth $200 Billion
Browder was once a business partner of Mr Putin before being black listed from Russia for being a “threat to national security.” He is now the CEO of Hermitage Capital Management. Browder had just recently spoken with Fareed Zakaria of CNN Original Series.
“The first eight or 10 years of Putin’s reign over Russia, it was about stealing as much money as he could. And some people, including myself, believe that he’s the richest man in the world… with hundreds of billions of dollars of wealth that was stolen from Russia,” Browder told Zakaria.
Browder went on to say that after being 14 years in power, with all the money he amassed from the government budget, Mr Putin’s net worth is $200 billion. He added that all of Mr Putin’s money is in property, Swiss bank accounts, shares and hedge funds.
Putin Is The Biggest Oligarch
Browder shared that he was once a business partner to Mr Putin. However, Browder’s activism had the better of their relationship, especially at the point when he was already going after Mr Putin’s financial gains.
On November 2005, Browder revealed that he was stopped at Sheremetyevo Airport and was detained for 15 hours. He was deported thereafter and was declared a threat to national security. Browder said mr Putin was personally behind his arrest.
“Putin wasn’t above it all , Putin was intimately involved in it all, and it wasn’t like he was restraining the ogligarchs – he was the biggest oligarch,” Browder said.
Putin Has “Bunch of Guys” With Him
Browder shared that the power in Russia comes to those who has the capacity to have people arrested. With this, Mr Putin has a bunch of guys around him who exercise their powers to arrest people.
“It doesn’t matter how rich are you, if you can be arrested, put in jail and have your money taken away, the guy who can do that to you is the most powerful person in Russia,” Browder said.
Browder made a strong accusation that these “bunch of guys” surrounding Mr Putin killed his attorney for money. He then expressed an equally strong objection of allowing them to come to America.
“Why should we allow them to come to America, travel to America, keep their accounts here, spend that money?”