Putin’s Inner Circle Cashes In: Record Billions Earned Over Three Years of War – Investigation Reveals

Financial Windfalls for Vladimir Putin’s Family and Associates

According to Главком: An investigation by Russian journalists, published by the outlet Glavcom, reveals that Vladimir Putin’s family and close circle have raked in record-breaking profits during the war against Ukraine. The sharpest income surge occurred in 2025. Companies linked to Putin’s inner circle now report turnover in the hundreds of millions of rubles, while personal bank accounts hold billions.

In 2025, the ‘Talent and Success’ foundation-run by cellist Sergei Roldugin-transferred 10.3 billion rubles to Alina Kabaeva’s Academy of Rhythmic Gymnastics ‘Heavenly Grace.’ Over the three years of war, Kabaeva earned more than 1.3 billion rubles from the ‘National Media Group,’ and her personal deposit at Bank Rossiya grew to 1.6 billion rubles. Meanwhile, Roldugin acquired ownership of ExpoForum and Lenexpo, while assets worth 78 billion rubles came under the control of entities tied to him.

Foundation and Company Profits

In 2025, Roldugin’s foundation saw its income skyrocket to 122.8 billion rubles. His personal accounts at Bank Rossiya amassed over 140.3 million rubles, with annual interest earnings of roughly 29 million rubles.

• The ‘National Intellectual Development’ foundation, headed by Katerina Tikhonova, posted a net profit of 635 million rubles.
• Tikhonova’s personal deposit at Gazprombank stood at 2.3 billion rubles as of January 2025, with accrued interest reaching 344 million rubles.
• Maria Vorontsova’s company saw its profits rise nearly a quarter to 231 million rubles over three years.
• Vorontsova earns around 800,000 rubles per month at Nomeko, with a total salary of 1.7 million rubles.

Vladimir Putin has two sons: Ivan and Vladimir. The elder son, Ivan, was born in Switzerland, while the younger son was born three years later in Moscow. Caretakers for Putin’s sons must undergo a two-week quarantine and a full medical examination. These details highlight the immense financial prosperity of the Russian president’s family and inner circle, even as the country endures difficult times.

This information underscores the stark contrast between the economic standing of Russia’s elite and the broader national situation, which suffers from the war’s consequences. The growing wealth of those close to power, amid economic hardship for most of the population, could fuel additional social tensions and raise questions about resource fairness. At the same time, such data may strengthen international calls for sanctions against Russian elites benefiting from the conflict.