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Vladimir Putin entered the world of politics after earning a law degree and serving sixteen years for the KGB. After working in various positions in the government, including being an undercover agent in Germany, he was made the acting Prime Minister of Russia in 1999. His first term as President occurred from 2000 to 2008. Currently serving as the President, his official salary is reported to be $187,000 per year; however, he has used his position in the office to acquire ownership stakes in many lucrative businesses that have increased his fortune to a whopping $70 billion. However, various experts have estimated that the value of his assets can go as high as $200 billion.
From lake houses to owning a palace as grand as Buckingham Palace, let’s take a look at Vladimir Putin’s expensive real estate purchases.
Billionaire’s Village
One of the newest additions to the list, a new palace was reportedly built on the outskirts of Moscow at the Billionaire’s village. According to Mirror, the palace has two main buildings with 123,785 sq. ft. of the area and stables that span 21,528 sq. ft. in the backyard. The 15-acre compound is gated with security, and the classical style building is owned by a company named Property-V, wherein the V stands for Vladimir Putin. It is said to be twice the size of Buckingham Palace and costs a whopping $360 million.
Vyborg Bay Holiday Home
His holiday home is located twenty miles from the Russia-Finland border, on an island in Vyborg Bay. The home was renovated in 2010 and now features an underground spa and gold-plated tiles in the swimming pool. The prestige holiday home was first constructed in 1913 and used to film the soviet scenes in the 1987 film about Sherlock Holmes.
St. Petersburg Lake House
In a gated community near Lake Komsomolsk, Vladimir Putin is said to own a traditional dacha house. In 1996, the house burnt down when the leader was in the sauna, and had to escape from the balcony he detailed. After the incident, he rebuilt the home in a few years.
Putin’s Palace
In 2021, it claimed that Putin had been building a palace in secrecy since 2014 by the Black Sea. As mentioned by Business Insider, the palace cost him an estimated $1.3 billion. The home has royal decor for every room with a spacious interior and crystal chandeliers. His palace is also equipped with an ice-rink and a pole-dancing room.
Altai Mountains Retreat
A remote space in the Siberian Altai Mountains, he owns a secret hideaway space in the mountains. A favorite recreational location for the Russian President, he is frequently seen hiking along the trails and collecting mushrooms and berries. There is no known information about the interior of the retreat.
Novo-Ogaryovo
Putin’s Novo-Ogaryovo home became his official residence after he took over the office in 2000 and served as the Prime Minister from 2008 to 2012. The house was originally built in the 19th century by Emperor Alexander III’s brother Duke Sergei Alexandrovich and was utilized by the Soviet government to welcome foreign delegations to Russia.
Moscow Kremlin
The Moscow Kremlin has been the main residence for Russian Leaders for many years. It is a historic building constructed by order of Catherine The Great from 1776 to 1787, as stated by Nine Australia. Putin’s office is located in the North Wing of the Kremlin Senate and is a rectangular office compared to the Oval Office in the United States.
Moscow Apartment
Located in the highly publicized street Akademika Zelinskogo Street 6 in Moscow, Putin owns a government leased apartment. The apartment was first allocated to him by the former President of Russia, who wanted him to be his successor. The apartment covers 153.7 sq. mt. of the area, and the home floor remains unknown.
Valdai Estate
Vladimir's official residence is often called Valdai, Dolgie Borody, or Uzhyn. The estate was constructed in the 1930s to become one of Stalin’s dachas; however, the dictator thought the area to be too dangerous. The residence was completed in the 1980s, surrounded by dense forests, and has a single route to the Mainland. People can even rent one of the houses on the estate for $800 for a two-night stay.
Bocharov Ruchey in Sochi
Along with Putin’s main residence, his home Bocharov Ruchey in Sochi is often publicized in the media. The home was commissioned in 1955 by Stalin so that Russian leaders could stay there, as reported by RBTH. It has become the official summer residence for Russian Presidents, and the President met many world leaders at the house, including George W. Bush in 2008 and Angela Merkel in 2018.
From lavish estates at undisclosed locations to owning palaces that can rival any royal home, Vladimir Putin has a stunning real estate portfolio with properties worth billions of dollars. As one of the most powerful leaders globally, Putin continues to purchase hefty properties around Russia with his sprawling net worth.
Sources: Mirror, Business Insider, Nine Australia, RBTH