'Vladimir Putin's watch collection worth six times his salary'

Last Updated: Sun, Jun 10, 2012 17:21 hrs

London: Russian President Vladimir Putin reportedly owns a watch collection worth more than 450,000 pounds, an opposition group has claimed.

The opposition has raised questions about Putin's collection of timepieces which is worth almost six times his official annual salary of 72,000 pounds, reports the Daily Mail.

One of the watches - made from platinum with a crocodile skin strap - sells for more than 300,000 pounds alone. It is called Tourbograph and is made by German watchmaker A Lange and Sohne.

The revelation has raised questions about how the Russian president can afford such a lavish collection.

Details of Vladimir Putin's watches were revealed in a video produced by the Russian opposition group Solidarity and posted on YouTube. The video, titled 'Watches of a Kleptocrat' shows Mr Putin saying he would continue with his battle against corruption in a video from 2007.

Putin owns a Flyback worth 6,450 pounds and a Patek Philippe Perpetual Calendar worth 39,000 pounds. He is on his fourth 7,000 pounds Blancpain watch.

He gave away two in demonstrations to a shepherd and a locksmith. The third was dropped in wet foundations at a building site.

The watches are worth at least 22 million rubles, Solidarity claimed, while is salary is listed as 3.6million rubles.

Boris Nemtosov, the Solidarity leader, told a blog in a tongue in cheek remark: "Putin, it seems, did not eat or drink for six years to acquire this collection."

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