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Is Ukrainian President Volodymyr Zelensky really a billionaire?

Is Ukrainian President Volodymyr Zelensky really a billionaire?

Widely circulating online posts have claimed, without evidence, that Ukrainian President Volodymyr Zelensky He is a billionaire person. However, there is no evidence for this news, according to “Reuters”.

Several publications say his fortune ranges between $1.4 billion and $1.5 billion.

For example, one widely shared post says, “Zelensky has more wealth than Will Smith, Chris Rock and Dave Chappelle combined. We wouldn’t believe he amassed that fortune as a comedian in the poorest country in Europe?”

Reuters has not independently verified Zelensky’s fortune.

However, there is no evidence that the Ukrainian president is a billionaire, according to official figures available to the public and representatives of Forbes who spoke to Reuters.

According to Ukrainian news agencies, Zelensky’s 2020 financial disclosure revealed that his and his family’s income was $8.2 million, and this was published in the Ukraine National Agency’s record; However, it is not currently available.

“For 2020, the President of Ukraine announced an income of $1 million, and we roughly estimate his net worth at about $20 million,” said Volodymyr Landa, Deputy Editor-in-Chief of Forbes Ukraine.

“Zelensky is counting on his rights to his comedies, which he transferred to a company after he became president, which has estimated annual revenues of $20-30 million annually, with a 25% stake in them,” Landa told Reuters by email on April 19.

Landa explained that Forbes assesses the assets of Ukraine’s richest people based on investment banking and investigative journalism.

“We don’t have any information to suggest that Zelensky is a billionaire and we find that he is unlikely to be a billionaire,” Giacomo Tonini, a writer for Forbes covering billionaire news, told Reuters on April 19.

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Forbes estimates that there are currently seven billionaires with Ukrainian citizenship worth $11.9 billion, as documented in a report published on April 5, 2022.

The seven billionaires can be seen in the current Forbes Billionaires List, a document that includes the world’s richest people.

President Zelensky is missing from the list as well as from Forbes Ukraine’s list of the 100 richest Ukrainians in 2021, and Zelensky is also missing from the Bloomberg Billionaires Index.

The Pandora Papers, a set of documents that show the hidden assets of the world’s most influential, revealed in October 2021, revealed that while Zelensky won the 2019 Ukrainian presidential election by a landslide, he transferred his stake in a secret offshore company to a friend.

However, the documents do not contain details about the size of dividend payments or the number of their payments.