A palace, a yacht and a hidden fortune: How Putin purportedly maintains a lifetime of luxurious - CayPress

Sunday, March 20, 2022

A palace, a yacht and a hidden fortune: How Putin purportedly maintains a lifetime of luxurious


Dubbed “Putin’s Palace,” the 190,000 square-foot mega-mansion was purportedly built for his personal use with funds from billionaire oligarchs, whom he allegedly allowed to flourish in Russia’s notoriously corrupt economy so long as they shared the wealth — with him.

The property has its own amphitheater, underground hockey rink and private seaport, according to a documentary produced by jailed Russian opposition leader Alexey Navalny’s anti-corruption group. There is a no-fly zone in the skies above and a no-boating zone in the surrounding waters.

The magnificent fortress stands in stark contrast to the tiny 800-square-foot apartment Putin claims in his official 2020 financial disclosure.

Yet, despite the opulence of the hilltop retreat, “I would be very surprised if Putin ever sets foot in there again,” Nate Sibley, an expert on Russian corruption who advises members of Congress, told CNN.

Sibley said the palace symbolizes what he sees as a bygone era of Putin pursuing, through…



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