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Vladimir Putin has had a $951-million Italianate palace built for himself near a Black Sea resort with the proceeds of "corruption, bribery and theft," a Russian businessman has alleged.
The claim, in a letter to Dmitry Medvedev, Russia's president, was reinforced Monday after the Novaya Gazeta newspaper obtained what it said was an authenticated copy of the original contract for the palace, signed in 2005 by Vladimir Kozhin, the Russian presidential property manager.
Putin, now prime minister, was president at the time.
A Russian magazine, Kommersant Dengi, reported last month that Putin and Medvedev share between them at least two dozen palaces, villas and mansions.
Originally posted by tooo many pills
This is the only other billion dollar house I could find. It's owned by the richest man in India, Mukesh Ambani.