VLADIMIR Putin could be the world’s richest person with a stolen $US200 billion ($257 billion) fortune, a foreign investor claims.
Hermitage Capital Management CEO Bill Browder claims the Russian president stole billions from his country’s coffers and hid it in overseas accounts.
“I believe (Putin’s net worth) is $200 billion. 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,” Browder told CNN’s Fareed Zakaria.
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That fortune would make Putin more than twice as wealthy as Bill Gates, the world’s richest person with a net worth of $US78.6 billion.
Browder said he was once a supporter of Putin (Hermitage was the largest foreign investor in Russia) but was expelled from the country in 2005 after being considered a “threat to national security.”Read the rest of the story HERE.
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