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Russian President Vladimir Putin has modest wealth · 2007-10-30 19:05

Vladimir Putin, www.economist.comRussian President Vladimir Putin has seen his modest wealth decline still further during his second term in office, with the drop blamed on a fall-off in book royalties, a Kremlin spokesman said on Monday.

According to official wealth declarations published by the Central Electoral Commission, amongst the most modest of all is Putin’s declaration, which lists his father’s two Russian cars dating from the early 1960s amongst his assets, along with 3.7 million roubles ($149,400), a small apartment, a plot of land and 230 shares in a local bank, Reuters, informs.

“What is published by the electoral commission is true,” said Putin’s spokesman on Monday.

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