Russia's Vladimir Putin's Income as President Revealed: How Much Money Did He Earn in the Past 6 Years?

By Jace Dela Cruz

Jan 31, 2024 03:01 AM EST

Russia's Central Election Commission (CEC) published the financial earnings of Russian President Vladimir Putin on Tuesday, showing that he made less than $1 million in the past six years. 

Russian President Vladimir Putin holds his year-end press conference at Gostiny Dvor exhibition hall in central Moscow on December 14, 2023.

Russia's President Vladimir Putin's Income Revealed

Citing the documents from the CEC, Newsweek reported that Vladimir Putin has reported earning 67.6 million rubles ($753,000) between 2018 and 2024. 

This figure was derived from his salary, income from bank deposits and securities, a military pension, and earnings from property sales. In contrast, the president of the United States has a salary of $400,000 annually.

The release of the CEC documents comes as the presidential election in Russia closes in. Putin, who served as Russia's president from 2000 to 2008 and since 2012, is widely expected to win another six-year term in March.

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Russia's President Vladimir Putin's Financial Declarations

Based on the information Vladimir Putin provided to the CEC, the Russian president has savings of 54.5 million rubles ($606,000) spread out in 10 different bank accounts and 230 shares in St. Petersburg Bank worth 280.49 rubles ($3.13) each.

Putin also owns several vehicles. The documents show Putin still owns two Soviet GAZ M-21 vintage cars manufactured in 1960 and 1965, a 1987 camping trailer and a 2009 Russian-made Lada Niva 4X4. 

As with previous financial declarations, The Moscow Times reported that Putin is listed as the owner of a 77-square-meter apartment and 18-square-meter garage in St. Petersburg, a government-leased 153.7-square-meter apartment in Moscow, and another parking spot in St. Petersburg.

Newsweek reported that the other properties believed to belong to the Russian president, like a summer house in Sochi, a house dubbed "Putin's Palace" on the Black Sea coast, and a luxurious estate on a bay near Russia's border with Finland, are not listed.

The CEC reportedly published Putin's earnings a day after officially registering him as a presidential candidate for the 2024 election.

READ MORE: How Vladimir Putin's Health Compares to Joe Biden's: Russian Doctor Touts Russia's President 'Excellent' Health

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