Globe editorial: Where did Putin get his money, and what is he doing with it? - The Globe and Mail

How did Putin make his money?


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    In reality, he may be one of the world's richest people. After announcing punishment for the alleged attempted murder of a former double agent in the UK, that country once again put Putin's wealth under scrutiny.

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    We should expose him for what he is," UK foreign affairs committee chair Tom Tugendhat said Wednesday. Putin submitted an official income declaration ahead of Sunday's presidential election that shows he owns an square foot apartment in St.

    Petersburg, along with two Soviet-era cars and an off-road truck.

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    He also own a car trailer. He has made Related: Why the UK can't slam the door on Russia The Russian branch of Transparency International said there was "no conclusive evidence that President Putin's declaration is unreliable or incomplete.

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    Critics, political opponents and independent investigators have accused Putin of accumulating a massive fortune that remains hidden because it is held, on paper, by family members and close associates. Related: These Russian oligarchs are now on Washington's watchlist The issue remains clouded in mystery, and details are difficult to confirm.

    Yet critics are convinced that Putin has used his 18 years in office to acquire significant wealth. Nemtsov was shot and killed on a bridge near the Kremlin in Februaryalthough Chechens have been blamed for the murder.

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    The International Consortium of Investigative Journalists has alleged that people around Putin shield his real wealth from public view.

    Related: Russia faces 6 more years of stagnation under Putin Bush said that Putin's hidden fortune, if he has accumulated one, would be based on very informal idea of ownership.

    Over the next six-year term, his own personal wealth and that of his inner circle are likely to grow.

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