Putin and his net wealth is estimated to be as high as USD $18B

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A joint investigation by Russian newspaper Novaya Gazeta and Organised Crime & Corruption Reporting Project (OCCRP), has valued Russian President Vladimir Putin’s inner circle more than the newest investigation stating it at nearly USD $24B (£18B).

This is argued to be the case, due to a series of ‘proxies’ such as the one of Mr. Shelomov who is a major investor in a new racetrack near St. Petersburg and a relative of Mr. Putin and Pyotr Kolbin, a childhood friend of the President with a personal fortune of USD $550 million denied being a businessman.