Kathrine Frich
Members of Vladimir Putin’s inner circle hold enormous influence in Russia.
According to investigations, they also hold enormous private wealth as well.
How Wealthy Is Putin’s Inner Circle?
Reports from Alexei Navalny’s Anti-Corruption Foundation (FBK) and other independent outlets reveal hidden mansions, business empires, and luxury lifestyles.
This gallery looks at four of Putin’s closest allies:
- Vladimir Medinsky
- Sergei Shoigu
- Dmitry Peskov
- Sergei Lavrov
Vladimir Medinsky’s $75 Million Portfolio
The FBK found that Vladimir Medinsky and his family control real estate valued at 6 billion rubles (about $75 million).
The portfolio includes 57 properties in Moscow and its suburbs, many registered to his children.
His wife owns eight companies with thousands of square meters of commercial and office space.
Vladimir Medinsky’s Connection to Putin
Medinsky served as Russia’s culture minister before becoming Putin’s negotiator in peace talks with Ukraine.
His role has been criticized both abroad and by Russian opposition figures, who see him as a loyal messenger rather than an independent actor.
His closeness to Putin ensured his place at the negotiating table.
Sergei Shoigu’s $18 Million Mansion
Defense Minister Sergei Shoigu has been linked to a lavish estate outside Moscow worth around $18 million.
Investigators say the property, hidden under family names, includes extensive grounds and luxury features.
Shoigu’s reported lifestyle sits uneasily next to the hardships faced by Russian soldiers in Ukraine.
Sergei Shoigu’s Connection to Putin
Shoigu is one of Putin’s most trusted lieutenants.
He has overseen the Defense Ministry since 2012 and played a central role in Russia’s invasion of Ukraine.
Despite battlefield setbacks, Shoigu has remained in power, shielded by his long-standing personal relationship with Putin.
Dmitry Peskov’s Luxury Lifestyle
Kremlin spokesman Dmitry Peskov is known for his expensive tastes.
His wife holds real estate worth over $10 million, while Peskov himself was photographed wearing a Richard Mille watch valued at $670,000.
Such displays have fueled criticism of corruption within the Kremlin’s top ranks.
Dmitry Peskov’s Connection to Putin
As Putin’s press secretary since 2008, Peskov is the voice of the Kremlin to both Russians and the outside world.
He frames the regime’s positions, defends its policies, and shields Putin from direct criticism.
His loyalty and discretion make him indispensable to the president.
Sergei Lavrov’s $9.7 Million Properties
Foreign Minister Sergei Lavrov, in office since 2004, is reported to own elite estates worth nearly 600 million rubles (~$9.7 million).
They include a large suburban mansion and other valuable properties.
Critics argue such holdings are impossible to reconcile with his official income.
Sergei Lavrov’s Connection to Putin
Lavrov has been a constant presence in Putin’s government, managing Russia’s foreign policy through wars, sanctions, and growing isolation.
His role is to defend Moscow’s actions abroad and maintain ties with allies.
His long tenure reflects both Putin’s trust and his effectiveness as a loyal diplomat.
