Russian President Vladimir Putin’s inner circle stands at nearly $24bn (£18bn)
In 2016, Mr Putin's official income was was reported at just $133,000 and he has repeatedly denied he is one of the world’s wealthiest men.
But a joint investigation by Russian newspaper Novaya Gazeta and Organized Crime and Corruption Reporting Project (OCCRP), has valued him at considerably more, although it suggested that his wealth may be tied up in a series of proxies.
Some of the President’s inner ring have no obvious explanation for their hidden wealth, according to the report. These proxies wealth may be accounted for by the simplest explanation: It may really be Putin’s money.
But in Russia, nothing is simple, the authors wrote.
One alleged proxy is Mikhail Shelomov, a relative of Mr Putin, who works at a Russian shipping company for a job which would usually pay ...
