Putin ally’s child revealed as owner of posh London home
, 2023-03-16 14:31:00,
This little girl has quite the impressive property portfolio.
A Russian supermarket magnate and politician would appear to have turned his young daughter into a landlord just 20 days before Russia began its full-scale invasion of Ukraine.
According to an investigation by the Times of London and the anti-corruption nonprofit Transparency International, Russian billionaire Vladimir Gruzdev declared his 8-year-old kid the owner of his multi-million-dollar London flat in February 2022.
The billionaire, who is sanctioned by Ukraine, declined to comment to the publication regarding the fact that he listed his Kensington unit — which is complete with a parking space, a maid’s room, and proximity to a variety of embassies and celebrity residences — under his juvenile child’s name less than a month before the war escalated.
The apartment was purchased for $2.78 million in 2000, through a company based in the Cayman Islands where, Insider noted, the tax rate is 0%.
Today, considering for both inflation and conversion to US dollars from UK pounds, the outlet puts the dwelling’s value between $5 and $10 million.
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