The Richest Man in the World Could Be Putin
Russian President Vladimir Putin has amassed a massive fortune, potentially the largest in the world.
International Business Times pointed out on Wednesday that Putin's fortune could be as much as $200 billion.
But Putin has been snubbed from official world's richest lists in the past, such as Forbes.
"We value individuals' assets–including stakes in public and private companies, real estate, yachts, art and cash–and take into account estimates of debt. We also consult an array of outside experts in various fields," Forbes wrote in 2015, but noted that some individuals "cooperate" while "others don't," and added that the magazine excludes "dictators who derive their fortunes entirely as a result of their position of power."
Forbes did not stipulate that was the reason for his omission, however.
Time Magazine reported similarly in January, citing estimates from $40 billion to $70 billion.
"I believe that it's $200 billion," Bill Browder, author and a former fund manager in Russia, told CNN.
U.S. President Donald Trump speaks during a news conference announcing Alexander Acosta as the new Labor Secretary nominee in the East Room at the White House on Feb. 16, 2017, in Washington, D.C. The announcement comes a day after Andrew Puzder withdrew his nomination.
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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," he added
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