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Putin’s War Fuels Oligarch Wealth Amidst Political Silence

12/28/2025

30 7 Full Breakdown

Summary

Story summary

On February 24, 2022, Russian President Vladimir Putin gathered Russia’s wealthiest oligarchs in the Kremlin after ordering the invasion of Ukraine.
Despite early losses, Russia now has 140 billionaires with a total net worth of $580 billion, an all-time high.
Many oligarchs have lost political influence and have become silent supporters of Putin due to coercive tactics.
Oleg Tinkov lost nearly $9 billion and left Russia after criticizing the war.

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Story summary

On February 24, 2022, Russian President Vladimir Putin gathered Russia’s wealthiest oligarchs in the Kremlin after ordering the invasion of Ukraine.
Despite early losses, Russia now has 140 billionaires with a total net worth of $580 billion, an all-time high.
Many oligarchs have lost political influence and have become silent supporters of Putin due to coercive tactics.
Oleg Tinkov lost nearly $9 billion and left Russia after criticizing the war.