Russian Oligarch’s 8-Yr-Previous Daughter Owns Luxurious London Condo

• Vladimir Gruzdev is a Vladimir Putin best friend whose internet price used to be estimated to be $900 million in 2021.
• His 8-year-old daughter owns a London condo that may be price $5 million to $10 million these days.
• Her possession started simply 20 days sooner than Russia invaded Ukraine, information display.

The 8-year-old daughter of a Vladimir Putin best friend is indexed as the landlord of a multimillion-dollar condo in London, paperwork observed through Insider display.

Vladimir Gruzdev made his title as a grocery-store mogul sooner than beginning a occupation in politics, which received him particular popularity with Putin in 2010. His internet price used to be maximum not too long ago estimated to be $900 million in 2021, in step with Forbes.

The Occasions of London first reported at the condo in an investigation with Transparency World, an anti-corruption nonprofit that shared main points of the valuables with Insider.

The condo used to be bought for £2.3 million in 2000 via an organization based totally within the Cayman Islands, the place the tax fee is 0%. That is an identical to £4 million now, or about $4.9 million at these days’s conversion fee, when adjusted for inflation. One property-valuation site suggests it may well be price over $10 million, however its precise price at the open marketplace is unclear.

Corporate information display that the 8-year-old lady, whom Insider is not naming as she is a minor, used to be first declared to be the landlord of the luxurious estate in February of final yr, 20 days sooner than Russia introduced its full-scale invasion of Ukraine.

Ukraine sanctioned Gruzdev after he shared a remark from the Affiliation of Legal professionals of Russia — whose board he chairs — supporting the battle. He is not sanctioned through some other nations.

His daughter’s place of abode is in Kensington — considered one of London’s maximum unique boroughs — and features a car parking zone and a maid’s room, in step with the Occasions. A number of nationwide embassies, the Royal Albert Corridor, and Prince William and Kate Middleton’s present place of abode are all inside 600 yards of the valuables.

A few of Russia’s maximum robust oligarchs together with Roman Abramovich have additionally purchased homes in a close-by house of the town, which has been nicknamed “Crimson Sq.” in some circles as a result of the massive collection of Russian house owners.

A 2021 record through Knight Frank discovered that London used to be house to greater than 874,000 millionaires, probably the most high-net-worth folks of any town in its assessment.

The Affiliation of Legal professionals of Russia did not in an instant reply to a request for remark from Insider.

Watch: The upward thrust and fall of Russian oligarchs