Tuesday, August 19, 2008

$40 Billion Net Worth!

Putin's Imperial Russia

That headline is the estimated net worth of Vladimir Putin, the self-appointed Prime Minister of Russia. He had very little net worth at the time he became President of Russia. Not a bad salary for just 8 years in office! His own countrymen, based upon expert financial analysis of companies he owns or controls, and similar to that of Forbes magazine's calculations to estimate the net worth of the world's other billionaires, estimates that during his tenure in office, he has made himself into one of the world's wealthiest people solely through the activity of politics, a previously unheard-of feat. Wow! He must be some politician! If this net worth is accurate, then it places him as the world's seventh wealthiest person. It also placed him easily and squarely as Russia's wealthiest billionaire. It also places him well ahead of even the wealthiest members of the Saudi Royal Family, who have been in power for decades. Again, some politician!

At least part of that wealth came from using his office to confiscate the wealth of Russia's other billionaires, by throwing them in prison, confiscating their assets and selling them off. Doesn't that sound a little more like a tyrant... than a president? Is his middle name Amalickiah? I just wondered!

When confronted a few months ago by a foreign reporter and asked about his vast wealth, President Putin mocked the reporter, and the question, by smugly commenting that he was the wealthiest person on the entire planet, because he is so beloved by Russia.

That's a whole lotta love ... $40 billion worth!