• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Current price of oil as of July 13, 2026

3

Current price of silver as of Monday, July 13, 2026

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Current price of oil as of July 13, 2026

3

Current price of silver as of Monday, July 13, 2026
FinanceElon Musk

Elon Musk says he’s probably not the richest man in the world: ‘Putin is significantly richer than me’

By
Erin Prater
Erin Prater
and
Mahnoor Khan
Mahnoor Khan
Down Arrow Button Icon
By
Erin Prater
Erin Prater
and
Mahnoor Khan
Mahnoor Khan
Down Arrow Button Icon
March 26, 2022, 5:33 PM ET
Tesla CEO Elon Musk contemplates during the official opening of the new Tesla electric car manufacturing plant on March 22 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, is producing the Model Y, as well as electric car batteries.
Tesla CEO Elon Musk contemplates during the official opening of the new Tesla electric car manufacturing plant on March 22 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, is producing the Model Y, as well as electric car batteries.Christian Marquardt—Pool/Getty Images
Add Fortune on Google for similar content.

Elon Musk may be the world’s richest man in theory, but he’s under no illusion that he actually holds the title.

Who does?

Russian President Vladimir Putin, the SpaceX and Tesla CEO says.

“I do think that Putin is significantly richer than me,” Musk told Mathias Döpfner, the CEO of Business Insider’s parent company, Axel Springer, in a recent interview, the website reported Saturday.

Late last year Musk passed Amazon’s Jeff Bezos in the race for the title of richest man in the world. Musk was worth $270 billion as of Saturday, according to Forbes.

How much is Putin worth?

No one really knows.

The Kremlin claims that Putin earns an annual salary of $140,000. His publicly disclosed assets include an 800-square foot apartment, a trailer, and three cars. 

But according to some experts, he may be the wealthiest man in the world. 

Putin is rumored to be the owner of a 190,000 square-foot mansion sitting atop a cliff that overlooks the Black Sea. This coastal property is reputed as the largest private residence in the country and serves as his private palace, endearingly called “Putin’s Country Cottage.”

Its estimated worth: $1.4 billion.

The Kremlin denies Putin’s ownership of the palace, saying it belongs to a wealthy businessman. But Russian analysts call it a blatant lie, saying that no businessman can have properties guarded by the FSB (Russia’s federal security service) with a no-fly zone over it. 

He also owns 19 other houses and 700 cars, in addition to 58 aircraft and helicopters, including a $716 million plane called “The Flying Kremlin” that has a toilet made of gold. Additionally, he owns a $100-million-dollar megayacht designed by a nuclear submarine maker from the Russian navy.

On top of all this, the famous Panama Papers revealed a network of secret offshore deals and loans worth $2 billion pointing to Putin in 2016.

But Putin denies such allegations, only admitting to a different form of riches. “I am the wealthiest man, not just in Europe but in the whole world: I collect emotions. I am wealthy in that the people of Russia have twice entrusted me with the leadership of a great nation such as Russia. I believe that is my greatest wealth,” he reportedly said.

Wealthiest man in the world or not, “We cannot let Putin take over Ukraine,” Musk told Döpfner. “This is crazy.”

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.
About the Authors
By Erin Prater
See full bioRight Arrow Button Icon
By Mahnoor Khan
Instagram iconLinkedIn icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

SpaceX and Amazon look like tech twins—but their financials tell a very different story
Big TechCFO Daily
SpaceX and Amazon look like tech twins—but their financials tell a very different story
By Sheryl EstradaJuly 14, 2026
2 hours ago
Top CD rates today, July 14, 2026: Lock in up to up to 4.40%
Personal FinanceBanks
Top CD rates today, July 14, 2026: Lock in up to up to 4.40%
By Glen Luke FlanaganJuly 14, 2026
2 hours ago
Current price of gold as of July 14, 2026
Personal Financegold prices
Current price of gold as of July 14, 2026
By Danny BakstJuly 14, 2026
2 hours ago
The top high-yield savings rates: Up to 4.50% on July 14, 2026
Personal FinanceSavings accounts
The top high-yield savings rates: Up to 4.50% on July 14, 2026
By Glen Luke FlanaganJuly 14, 2026
2 hours ago
Velocity CEO Eric Queathem smiles as he looks to the far left.
CryptoVenture Capital
Exclusive: Payments startup Velocity raises $38 million to help businesses tap stablecoin growth 
By Camila Grigera NaónJuly 14, 2026
3 hours ago
jobs
CommentaryLabor
Black women’s unemployment rate fell. That’s not the good news you think it is
By Katica RoyJuly 14, 2026
4 hours ago

Most Popular

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
2 days ago
Current price of oil as of July 13, 2026
Personal Finance
Current price of oil as of July 13, 2026
By Joseph HostetlerJuly 13, 2026
1 day ago
Current price of silver as of Monday, July 13, 2026
Personal Finance
Current price of silver as of Monday, July 13, 2026
By Joseph HostetlerJuly 13, 2026
1 day ago
How Pete Hegseth's DEI order just put Scouting America's future at stake
North America
How Pete Hegseth's DEI order just put Scouting America's future at stake
By Seth T. Kannarr, Derek H. Alderman and The ConversationJuly 13, 2026
20 hours ago
Current price of gold as of July 13, 2026
Personal Finance
Current price of gold as of July 13, 2026
By Danny BakstJuly 13, 2026
1 day ago
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
Middle East
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
By Jason MaJuly 11, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.