News broke last week that Microsoft co-founder Bill Gates have been over thrown as the richest man in the world by his colleague Amazon founder Jeff Bezos but that information seem to be wrong, according to Bill Browder, a US financier, reportedly told senators last week that the Russian President is richer than both Mr Bezos and Mr Gates combined.
According to Newsweek, the chief executive officer of Hermitage Capital Management said that he thinks Mr Putin is worth $200bn.
Newsweek said that Mr Browder’s company was once the largest portfolio investor in Russia and that Mr Browder was a shareholder in Gazprom, Surgutneftegas and other Russian state-run enterprises in the 1990s.
Around that time Putin reportedly made a deal with Russian businessmen that made him the “richest man in the world”. Mr Putin’s personal fortune has been the subject of intense debate and speculation in recent years.
Newsweek reports that, according to Mr Putin’s official asset form – a mandatory public disclosure for all Russian government officials – he earns $133,000 a year and has a modest apartment in Moscow.