Did You Know The Russian President Is Making Less Than $1 Million In The Past 6 Years?

Financial documents published Tuesday by Russia's election authority indicate that less than $1 million has been claimed to have been earned by Russian President Vladimir Putin during the past six years as president.

The claim was made by the election authority based on the documents.

Russian President earning less than $1 Million

The financial documents, released by the Central Election Commission (CEC), reveal that between 2018 and 2024, Putin reported earnings of 67.6 million rubles, approximately $753,000. This figure encompasses his presidential salary, income from bank deposits, a military pension, and proceeds from property sales.

By contrast, an annual salary of $400,000 is received by the president of the United States. The CEC documents, publicly disclosed as Russia approaches its March presidential election, provide insights into Putin's financial profile. Putin, who is anticipated to secure his sixth term in March, is accused by Western observers of election result manipulation, according to Newsweek.

As per the information provided to the CEC by Putin, he possesses savings of 54.5 million rubles ($606,000) distributed across 10 different bank accounts and owns several automobiles, including two vintage Soviet Union cars (GAZ M-21s) from the 1960s, a Russian-made 4X4 from 2009, and a 1987 camping trailer.

The documents also indicate Putin's ownership of an apartment and garage in St. Petersburg, along with an apartment in Moscow. Not mentioned are other presumed properties linked to Putin, such as a summer house in Sochi, a residence on the Black Sea coast known as "Putin's Palace," and a recently revealed opulent estate near Russia's border with Finland, as reported by Newsweek.

Concurrently with the release of Putin's financial documents by the CEC, his 2024 candidacy received support as two opponents withdrew from the race. Russian All-People's Union party candidate Sergei Baburin withdrew and endorsed Putin, emphasizing the need for unity among the Russian people.

The Democratic Party of Russia also declared its candidate Irina Sviridova's failure to collect the required 100,000 signatures for the March ballot, and the party now supports Putin. While several other presidential hopefuls remain in the race, including Boris Nadezhdin, known for his criticism of the war in Ukraine, they are expected to submit their candidacy documents by Wednesday.