As a billionaire, Arkady Rotenberg accumulated a lot of wealth over the years
Currently, Rotenberg has told reporters that he owns the Black Sea mansion. This comment is surprising because many had believed that this was Russian President Vladimir Putin. Either Rotenberg is truthful, and Putin is lying, or Rotenberg is a glutton for punishment. Over the years, many people opposing Putin have either been jailed or killed. But, there is some home for Rotenberg. He is a close friend of Putin’s, so Rotenberg must be telling the truth.
Billionaire Oligarch Arkady Rotenberg
Still, there has been some pushback knowing that Arkady Rotenberg also has a relationship with Alexei Navalny, one of the most anti-Putin individuals in all of Russia. One video that Navalny posted before he returned to Russia and went into prison for another two years had the statement from Rotenberg saying he was the owner of Vladimir Putin’s Luxurious Black Sea Mansion. Some are wondering now where is Rotenberg’s allegiances.
How The Transaction Came To Be
Billionaire Oligarch Arkady Rotenberg Public Relations crew issued a statement saying that he had made a deal a couple of years back to get the site for his own. That is why Arkady Rotenberg said the ‘Putin’s Palace’ was his.
A renovation of the palace is currently underway. It could take a few more years to convert the mansion to a hotel full of apartments. Before, it was a mansion for a single-family only.
There has been controversy over Putin’s palace over the years. Navalny, a pundit of Putin’s, investigated how he got the mansion in the first place. The property had a price tag of $1.37 billion. Many believe that Putin used Russian taxpayers to cover the bill. Now, the conspiracies are flying around TikTok and across other social media accounts in and around Russia. There have even been protests because of this news.
Protests And Putin
Even though Arkady Rotenberg has said ‘Putin’s Palace’ is his, many people are upset that Rotenberg would mix relations at all with Putin, a man who has used and abused Navalny. With this in mind, the protests have brought about many arrests, to the tune of 4,000 people.
Navalny has not left after he came home from Germany. In Germany, Navalny was poisoned and was working to recover. Many believe this had to do with Putin. Now, many of Navalny’s family is also being detained, along with bloggers opposing Putin.
History of Putin and Rotenberg
Billionaire Oligarch Arkady Rotenberg and Putin have been close friends for a while. He has built infrastructure all across Russia for Putin and was even a sparring partner with Putin. The controversy began in 2014. Putin asked Rotenberg and his family to complete the contracts for the Sochi Winter Olympics. Europe and the United States of America did not like this unfair process of spreading the wealth, an Olympic tradition.
Other than the Olympics, Rotenberg was paid $258 million for building a road from Saint Petersburg to Moscow. Some have even said that Vladimir Putin’s Luxurious Black Sea Mansion was a gift for all the work Rotenberg has done over the years. Now, Rotenberg’s wealth is well over $3 billion.
Rotenberg has been interested in art over the years as well. In 2020, the United States Senate said that Rotenberg had tried to weasel his way into business ventures through art to separate himself from sanctions from the past. Ultimately, Rotenberg bought close to $20 million of art in one month and another $73 million over a year. It looks like Rotenberg is still working to accumulate wealth no matter the cost to him down the road. It is unclear how this will look moving forward. But, you can bet that Rotenberg will continue to make more and more money, with Putin backing him.