Ukrainian President Volodymyr Zelensky owns $850 million in assets and is questioned where he got that much money.
News of his stupendous income was released by the Pandora Papers leak that revealed his actual wealth, which would have been secret until the expose. He was presented in such a way that any form of corruption was the farthest notion until now.
Zelensky's Image Not So Clean
A year ago, the leak by the Pandora Papers involved him as one of the alleged leaders with secret assets that weren't announced, reported Sputnik News.
He specifically made his campaign to break the system of control by oligarchs and put a stop to their corruption.
Instead, the leak stated that he set up several offshore companies in 2012. Still, his office deflected what seemed to be a corruption charge justified as protection from the former Ukraine president Viktor Yanukovych. His unverified assets drew the attention of a Dutch political party that wanted to know how he could accumulate that much money.
The group is the Forum for Democracy, posted on Twitter and their Telegram accounts last Monday. A statement said Zelensky is a wealthy man with an average net worth of $850 million. He accumulated the majority of it after assuming the presidency. They asked how the money was gained and where does it go.
Last month, the Dutch national conservative and hardline Eurosceptic party boycotted Zelensky's address to the Dutch parliament, claiming it a violation of over two hundred years of democratic tradition, which prohibits foreign heads of state from speaking before the House of Representatives, noted House of Representatives.
Several concerns have made them doubt Volodymyr Zelensky banning of all political parties except for his and the ban of political opponents. He even allows the shutdown of TV channels that do not have a good opinion of his regime, noted the Spectator.
The Forum for Democracy did not say where the $850 million assets came from. Zelensky won as president of Ukraine in 2019.
Ukrainian President's Wealth
Reports vary on how the Ukrainian leader got his wealth; Forbes revealed that in 2021 the next worth he had was about $20 million in 2021 compared to an income of $8.2 million in 2020, mentioned Forbes.
In 2020 the tax declared was $815,000; though the declaration from Ukraine's National Agency on Corruption Prevention register cannot be accessed, remarked NAZK.
But Ilya Kiva, a Ukrainian opposition lawmaker, was kicked out of office by the Ukrainian Leader. Mr. Kiva alleged that the money given via western assistance is under the control of the president's office.
He charged that the president and his staff allegedly stole the money; also, the implication of western politicians getting a kickback from assistance. Kiva said that Zelensky's net worth is now $100 million.
Before becoming president in 2019, Zelensky co-owned the television entertainment firm Kvartal 95, which he co-founded in 2003.
According to Volodymyr Landa, deputy editor-in-chief of Forbes Ukraine, the company earns between $20 and $30 million per year, with Zelensky owning a 25% interest.
Ihor Kolomoisky, a Ukrainian oligarch who significantly supported Zelensky's candidacy in 2019, is accused of stealing $5.5 billion from PrivatBank, Ukraine's largest commercial lender, and funneling money overseas.
Yanukovych was overthrown in a Western-backed coup in 2014, triggering the Ukraine crisis that has continued to this day. Volodymyr Zelensky has to answer how he gained the $850 Million Assets from 2020; the Dutch Party inferred this inquiry about the Ukrainian leader.
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