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European Journal

Russia: Putin's Wealth

Putin has always maintained he wants to put an end to corruption and graft in Russia. But allegations about his own luxury lifestyle have gathered momentum in recent years.

Putin has reportedly amassed $40 billion, making him the wealthiest man in Russia. He owns a property worth $1 billion alone on the Black Sea coast near Sotchi, which is set to host the Winter Olympics in 2014. Putin himself insists he is a man of modest means and denies the rumors of his astonishing wealth.