Putin’s wealth is similar to that of the UK royal family in that it comes in three vectors.
1. Personal wealth. This includes things he owns outright such as cars, homes, and financial assets.
2. State owned wealth that Putin controls, directs, and exercises discretion over. This is role based wealth that will mostly pass to the next ruler of Russia.
3. State owned wealth that Putin dispenses to the oligarchs. So long as he wills it they enjoy titular control over this wealth and they also use it at Putin’s direction to obtain assets, investments, homes, ships, etc. for Putin to use. The shrewd oligarchs shelter much of this wealth in foreign holdings in case they need to flee Russia. Putin can revoke this allocation of wealth with impunity and he does.
This third vector is Putin’s most important. He uses it to control the oligarchs and to perform acts that must be held at arm’s length such as bribes, assassinations, coups, illicit arms purchases, etc.
Similar I am sure, but give credit to Putin got his wealth in record time compared to the “royals “
I wouldn’t be surprised if Putin thinks of himself as a royal
At least it's not all milked out of the American taxpayer and stolen like Zelenskyy's. Even before the war started Zelenskyy had stolen millions.
Revealed: ‘anti-oligarch’ Ukrainian president’s offshore connections
Volodymyr Zelenskiy has railed against politicians hiding wealth offshore but failed to disclose links to BVI firm
“Putin’s wealth is similar to that of the UK royal family in that it comes in three vectors.
1. Personal wealth. This includes things he owns outright such as cars, homes, and financial assets.
2. State owned wealth that Putin controls, directs, and exercises discretion over. This is role based wealth that will mostly pass to the next ruler of Russia.
3. State owned wealth that Putin dispenses to the oligarchs. So long as he wills it they enjoy titular control over this wealth and they also use it at Putin’s direction to obtain assets, investments, homes, ships, etc. for Putin to use. The shrewd oligarchs shelter much of this wealth in foreign holdings in case they need to flee Russia. Putin can revoke this allocation of wealth with impunity and he does.”
However, Putin has created a FOURTH vector:
Putin does not recognize private property. He just TAKES WHAT HE WANTS!
Small example:
Here’s how Vladimir Putin stole a Super Bowl ring from the Patriots’ Robert Kraft:
The Patriots owner only has three of his four Super Bowl rings. Putin has the other one