In 2020, Statista reported that Vladimir Putin’s annual salary as Russia’s president was nearly 10 million rubles, or more than $129,000. This was an increase from 2018 and 2019. Between 2012-2016, Putin’s salary went from nearly 6 million rubles (more than $77,000) to almost 9 million rubles or roughly $116,000.
However, in 2017, Putin’s salary skyrocketed. Euronews writes that he made 18.7 million rubles, or nearly $242,000. This unusually high salary was attributed to Putin selling off a plot of land he owned, but that doesn’t account for his rumored billion, nor does a financial report released by the Kremlin stated that he officially had only a few assets to his name.
As Radio Free Europe explains, his “personal wealth” goes “beyond his official salary.” According to Forbes, it is unknown exactly how Putin has made his rumored billions. It’s theorized he took a piece of Mikhail Khodorkovsky’s fortune, a Russian billionaire who Putin jailed for fraud and tax evasion. Others think he gets “kickbacks” from awarding his inner circle with contracts and businesses. Of course, there’s also the belief that he does not have money and has simply created the illusion of it. Wealthy or not, Putin continues to be Russia’s leader, a nation that the U.S. News & World Report considers as the third most powerful country in the world.
