Vladimir Putin could be world's richest man with $200 billion net worth, report says

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Russian President Vladimir Putin has amassed a massive fortune, potentially the largest in the world.

International Business Times pointed out on Wednesday that Putin's fortune could be as much as $200 billion.

But Putin has been snubbed from official world's richest lists in the past, such as Forbes.

"We value individuals' assets–including stakes in public and private companies, real estate, yachts, art and cash–and take into account estimates of debt. We also consult an array of outside experts in various fields," Forbes wrote in 2015, but noted that some individuals "cooperate" while "others don't," and added that the magazine excludes "dictators who derive their fortunes entirely as a result of their position of power."

Forbes did not stipulate that was the reason for his omission, however.

RELATED: Ranking the US presidents by net worth

44 PHOTOS
Ranking the US presidents from least to most experienced
See Gallery
Ranking the US presidents from least to most experienced

Zachary Taylor: 0 years of experience

Served as the 12th President
Affiliation: Whig Party
2015 Presidential Ranking: 33
Previous Positions: N/A

(Photo by Bettman via Getty Images)

Ulysses S. Grant: 0 years of experience

Served as the 18th President
Affiliation: Republican Party
2015 Presidential Ranking: 28
Previous Positions: General

(Photo by The Print Collector/Print Collector/Getty Images)

Chester A. Arthur: 0 years of experience

Served as the 21st President
Affiliation: Republican Party
2015 Presidential Ranking: 32
Previous Positions: Vice President

(Photo via Bettmann via Getty Images)

Dwight Eisenhower: 0 years of experience

Served as the 34th President
Affiliation: Republican Party
2015 Presidential Ranking: 7
Previous Positions: General

(Photo by Library of Congress/Corbis/VCG via Getty Images)

Andrew Jackson: 2 years of experience

Served as the 7th President
Affiliation: Democratic Party
2015 Presidential Ranking: 9
Previous Positions: Member of U.S. House of Representatives, United States Senator, Justice on Tennessee Supreme Court, Governor of the Florida Territory, United States Senator

(Photo by DeAgostini/Getty Images)

Grover Cleveland (1st term): 2 years of experience

Served as the 22nd and 24th President
Affiliation: Democratic Party
2015 Presidential Ranking: 23
Previous Positions: Sheriff of Erie County, NY; Mayor of Buffalo, NY; Governor of New York

(Photo by Library of Congress/Corbis/VCG via Getty Images)

Woodrow Wilson: 2 years of experience

Served as the 28th President
Affiliation: Democratic Party
2015 Presidential Ranking: 10
Previous Positions: Governor of New Jersey

(Photo by JHU Sheridan Libraries/Gado/Getty Images)

Theodore Roosevelt: 4 years of experience

Served as the 26th President
Affiliation: Republican Party
2015 Presidential Ranking: 4
Previous Positions: Member of New York State Assembly, Member of Civil Service Commission, Assistant Secretary of the Navy, Governor of New York, Vice President

(Photo by Hulton Archive/Getty Images)

Franklin D. Roosevelt: 5 years of experience

Served as the 32nd President
Affiliation: Democratic Party
2015 Presidential Ranking: 3
Previous Positions: Member of New York State Legislature, Assistant Secretary of the Navy, Governor of New York

(Photo by VCG Wilson/Corbis via Getty Images)

George W. Bush: 5 years of experience

Served as the 43rd President
Affiliation: Republican Party
2015 Presidential Ranking: 35
Previous Positions: Governor of Texas

(Photo by Alex Wong/Getty Images)

Benjamin Harrison: 6 years of experience

Served as the 23rd President
Affiliation: Republican Party
2015 Presidential Ranking: 29
Previous Positions: United States Senator

(Photo via Bettmann via Getty Images)

William Howard Taft: 6 years of experience

Served as the 27th President
Affiliation: Republican Party
2015 Presidential Ranking: 20
Previous Positions: Judge in Ohio Superior Court, U.S. Solicitor General, U.S. Circuit Court Judge, Governor of the Philippines, Secretary of War

(Photo by: Liverani/Andia/UIG via Getty Images)

George Washington: 7 years of experience

Served as the 1st President
Affiliation: No Party Affiliation
2015 Presidential Ranking: 2
Previous Positions: Member of Virginia House of Burgesses, Member of Continental Congress, Chairman of the Constitutional Convention

(Photo by Hulton Archive/Getty Images)

Rutherford B. Hayes: 7 years of experience

Served as the 19th President
Affiliation: Republican Party
2015 Presidential Ranking: 30
Previous Positions: Member of U.S. House of Representatives, Governor of Ohio

(Photo by Hulton Archive/Getty Images)

Herbert Clark Hoover: 8 years of experience

Served as the 31st President
Affiliation: Republican Party
2015 Presidential Ranking: 38
Previous Positions: Secretary of Commerce

(Photo via Bettmann via Getty Images)

Jimmy Carter: 8 years of experience

Served as the 39th President
Affiliation: Democratic Party
2015 Presidential Ranking: 26
Previous Positions: Georgia State Senator, Governor of Georgia

(Photo by Universal History Archive/Getty Images)

Ronald Reagan: 8 years of experience

Served as the 40th President
Affiliation: Republican Party
2015 Presidential Ranking: 11
Previous Positions: Governor of California

(Photo by Harry Langdon/Getty Images)

Franklin Pierce: 9 years of experience

Served as the 14th President
Affiliation: Democratic Party
2015 Presidential Ranking: 40
Previous Positions: New Hampshire State Legislature, Member of U.S. House of Representatives, Unites States Senate

(Photo by National Archive/Newsmakers)

Abraham Lincoln: 10 years of experience

Served as the 16th President
Affiliation: Republican Party
2015 Presidential Ranking: 1
Previous Positions: Illinois State Legislature, Member of U.S. House of Representatives

(Photo by Smith Collection/Gado/Getty Images).

Harry S. Truman: 10 years of experience

Served as the 33rd President
Affiliation: Democratic Party
2015 Presidential Ranking: 6
Previous Positions: County Court Judge, United States Senator, Vice President

(Photo via Bettmann via Getty Images)

Barack Obama: 10 years of experience

Served as the 44th President
Affiliation: Democratic Party
2015 Presidential Ranking: 18
Previous Positions: Member of Illinois State Senate, United States Senator

(Photo by Oscar Gonzalez/NurPhoto via Getty Images)

Calvin Coolidge: 11 years of experience

Served as the 30th President
Affiliation: Republican Party
2015 Presidential Ranking: 27
Previous Positions: Northampton, Mass. City Councilman, City Solicitor, Clerk of Courts, Member of Massachusetts Legislature, Mayor of Northampton, Mass., Member of Massachusetts Legislature, Lieutenant Governor of Massachusetts, Governor of Massachusetts, Vice President

(Photo via Bettmann via Getty Images)

Bill Clinton: 11 years of experience

Served as the 42nd President
Affiliation: Democratic Party
2015 Presidential Ranking: 8
Previous Positions: Arkansas Attorney General, Governor of Arkansas

(Photo Bettmann via Getty Images)

Millard Fillmore: 12 years of experience

Served as the 13th President
Affiliation: Whig Party
2015 Presidential Ranking: 37
Previous Positions: Member of New York State Assembly, Member of U.S. House of Representatives, Member of U.S. House of Representatives, Comptroller of New York, Vice President

(Photo by Universal History Archive/UIG via Getty Images)

Warren G. Harding: 12 years of experience

Served as the 29th President
Affiliation: Republican Party
2015 Presidential Ranking: 42
Previous Positions: Member of Ohio State Senate, Lieutenant Governor of Ohio, United States Senator

(Photo by ullstein bild/ullstein bild via Getty Images)

John F. Kennedy: 13 years of experience

Served as the 35th President
Affiliation: Democratic Party
2015 Presidential Ranking: 14
Previous Positions: Member of U.S. House of Representatives, United States Senator

(Photo via Bettmann via Getty Images)

Richard Nixon: 14 years of experience

Served as the 37th President
Affiliation: Republican Party
2015 Presidential Ranking: 34
Previous Positions: Attorney for U.S. Office of Emergency Management, Member of U.S. House of Representatives, United States Senator, Vice President

(Photo by Keystone-France\Gamma-Rapho via Getty Images)

George H. W. Bush: 15 years of experience

Served as the 41st President
Affiliation: Republican Party
2015 Presidential Ranking: 17
Previous Positions: Member of U.S. House of Representatives, U.S. Ambassador to the United Nations, Director of the Central Intelligence Agency, Vice President

(Photo by David Hume Kennerly/Getty Images)

James K. Polk: 16 years of experience

Served as the 11th President
Affiliation: Democratic Party
2015 Presidential Ranking: 19
Previous Positions: Member of Tennessee House of Representatives, Member of U.S. House of Representatives, Speaker of the House, Governor of Tennessee

(Photo via Bettmann via Getty Images)

John Adams: 17 years of experience

Served as the 2nd President
Affiliation: Federalist Party
2015 Presidential Ranking: 15
Previous Positions: Member of Continental Congress, Commissioner to France, Minister to the Netherlands, Minister to England, Vice President

(Photo by Stock Montage/Stock Montage/Getty Images)

William McKinley: 17 years of experience

Served as the 25th President
Affiliation: Republican Party
2015 Presidential Ranking: 21
Previous Positions: Governor of Ohio

(Photo via Bettmann via Getty Images)

James A. Garfield: 19 years of experience

Served as the 20th President
Affiliation: Republican Party
2015 Presidential Ranking: 31
Previous Positions: Member of Ohio State Senate, Member of U.S. House of Representatives, United States Senate

(Photo by National Archive/Newsmakers)

Thomas Jefferson: 20 years of experience

Served as the 3rd President
Affiliation: Democratic-Republican Party
2015 Presidential Ranking: 5
Previous Positions: Member of Virginia House of Burgesses, Member of Continental Congress, Governor of Virginia, Member of Continental Congress, Minister to France, Secretary of State, Vice President

(Photo by Kean Collection/Getty Images)

James Madison: 20 years of experience

Served as the 4th President
Affiliation: Democratic-Republican Party
2015 Presidential Ranking: 13
Previous Positions: Member of Virginia Constitutional Convention, Member of Continental Congress, Member of Virginia Legislature, Member of Constitutional Convention, Member of U.S. House of Representatives, Secretary of State

(Photo via Bettmann via Getty Images)

Martin Van Buren: 20 years of experience

Served as the 8th President
Affiliation: Democratic Party
2015 Presidential Ranking: 25
Previous Positions: New York State Senator, New York Attorney General, United States Senator, Governor of New York, Secretary of State, Minister to England, Vice President

(Photo by Stock Montage/Stock Montage/Getty Images)

William Henry Harrison: 20 years of experience

Served as the 9th President
Affiliation: Whig Party
2015 Presidential Ranking: 39
Previous Positions: Secretary of Northwest Territory, Territorial Delegate to Congress, Territorial Governor of Indiana, U.S. Congressman from Ohio, United States Senator, Minister to Colombia

(Photo by National Archive/Newsmakers)

John Tyler: 21 years of experience

Served as the 10th President
Affiliation: Whig Party
2015 Presidential Ranking: 36
Previous Positions: Member of Virginia House of Delegates, Member of U.S. House of Representatives, Virginia State Legislator, Governor of Virginia, United States Senator, Vice President, Member of Confederate States Congress

(Photo by National Archive/Newsmakers)

Andrew Johnson: 22 years of experience

Served as the 17th President
Affiliation: Democratic Party
2015 Presidential Ranking: 41
Previous Positions: Alderman of Greeneville, Tennessee; Mayor of Greeneville, Tennessee; Member of Tennessee State Legislature, Member of U.S. House of Representatives, Governor of Tennessee, United States Senator, Military Governor of Tennessee, Vice President, United States Senator

(Photo by The Print Collector/Print Collector/Getty Images)

James Monroe: 23 years of experience

Served as the 5th President
Affiliation: Democratic-Republican Party
2015 Presidential Ranking: 16
Previous Positions: Member of Continental Congress, United States Senator, Minister to France, Governor of Virginia, Minister to France and England, Secretary of State, Secretary of War

(Photo by: Liverani/Andia/UIG via Getty Images)

John Quincy Adams: 25 years of experience

Served as the 6th President
Affiliation: Democratic-Republican Party
2015 Presidential Ranking: 22
Previous Positions: Secretary to U.S. Minister to Russia, Minister to the Netherlands, Minister to Prussia, United States Senator, Minister to Russia, Peace Commissioner at Treaty of Ghent, Secretary of State

(Photo by Hulton Archive/Getty Images)

Lyndon Johnson: 26 years of experience

Served as the 36th President
Affiliation: Democratic Party
2015 Presidential Ranking: 12
Previous Positions: Congressional Secretary, Member of U.S. House of Representatives, United States Senator, Vice President

(Photo via Bettmann via Getty Images)

Gerald Ford: 28 years of experience

Served as the 38th President
Affiliation: Republican Party
2015 Presidential Ranking: 24
Previous Positions: Member of U.S. House of Representatives, Vice President

(Photo via Bettman via Getty Images)

James Buchanan: 31 years of experience

Served as the 15th President
Affiliation: Democratic Party
2015 Presidential Ranking: 43
Previous Positions: Member of Pennsylvania House of Representatives, Member of U.S. House of Representatives, Minister to Russia, United States Senator, Secretary of State, Minister to England

(Photo by Stock Montage/Stock Montage/Getty Images)

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Time Magazine reported similarly in January, citing estimates from $40 billion to $70 billion.

"I believe that it's $200 billion," Bill Browder, author and a former fund manager in Russia, told CNN.

"After 14 years in power of Russia, and the amount of money that the country has made, and the amount of money that hasn't been spent on schools and roads and hospitals and so on, all that money is in property, bank--Swiss bank accounts--shares, hedge funds, managed for Putin and his cronies," he added.

Browder's personal website notes his antagonism toward the Kremlin. He prominently displays a book review from The Daily Beast: "Bill Browder was a high-flying businessman in Moscow, until Putin turned on him."

But Browder is not alone in thinking Putin is the world's richest, even richer than Bill Gates, Microsoft founder and philanthropist. Gates, officially at least, ranks No. 1, according to Forbes' latest list, with a net worth of $75 Billion.

Former Kremlin insiders have backed the spirit Browder's of assessment, but have shied away from specific estimates.

"Everything that belongs to the territory of the Russian Federation Putin considers to be his," Russian businessman Sergei Pugachev, an estranged friend of Putin's, told The Guardian. "Everything – Gazprom, Rosneft, private companies. Any attempt to calculate it won't succeed. ... He's the richest person in the world until he leaves power."

Copyright 2017 U.S. News & World Report

RELATED: Putin through the years

15 PHOTOS
Vladimir Putin throughout the years
See Gallery
Vladimir Putin throughout the years
P362575 05: A class photo with Vladimir Putin, (fourth row, second from left) dated 1966 in St. Petersburg, Russia. (Photo by Laski Diffusion)
368975 01: (AMERICAS ONLY) FILE PHOTO: Russian President Vladimir Putin, right, poses for a photograph in this file photo with his parents Maria and Vladimir Putin in1985 just before his departure to Germany. Putin was sworn in as Russia''s second democratically elected president May 7, 2000, pledging to restore Russia as a great power. (Photo by Laski Diffusion/Newsmakers)
ITAR-TASS: LENINGRAD, USSR. Vladimir Putin seen with his wife Lyudmila and daughter Maria. File photo from family archive was taken in spring 1985. (Photo ITAR-TASS) (Photo by TASS via Getty Images)
St, petersburg mayor anatoly sobchak and austrian chancellor's wife christine vranitzky during a ceremony to name 'austria square' in downtown st, petersburg, austria has pledged to restore the square, future president of russia, vladimir putin, looks on, far left, september 1992. (Photo by: Sovfoto/UIG via Getty Images)
President George Bush meets with President Vladimir Putin at the Catherine Palace in St. Petersburg. Bush was meeting with Putin to thank him for signing the UN resolution demanding disarmament of Iraq. (Photo by ?? Brooks Kraft/CORBIS/Corbis via Getty Images)
KRASNODAR, RUSSIA: Russian acting President Vladimir Putin (L) talks to a boy (R) during his visit to the Children's regional clinic hospital in Krasnodar 11 February 2000. Putin arrived in Krasnodar for a two-day visit to take a part in the All Russia Conference on emergency measures to stabilise and develop the Russian agro-industrial complex. (ELECTRONIC IMAGE) (Photo credit should read SERGEI CHIRIKOV/AFP/Getty Images)
Uzbek president islam karimov helping rf president vladimir putin put on a traditional robe, uzbekistan, december 1999. (Photo by: Sovfoto/UIG via Getty Images)
President George W. Bush and First Lady Laura greet President Vladimir Putin and his wife Lyudmila outside of the Catherine Palace in St. Petersburg. Bush was meeting with Putin to thank him for signing the UN resolution demanding disarmament of Iraq. (Photo by ?? Brooks Kraft/CORBIS/Corbis via Getty Images)
MADRID, SPAIN - JANUARY4: Russian President Vladimir Putin (R) and Spanish Prime Minister Jose Maria Aznar (L) pose with their wives Ludmila Putin (2nd L) and Ana Botella before their lunch at Moncloa Palace June 14. Putin said he had no reason to believe the arrest of media magnate Vladimir Gusinsky was politically motivated but vowed to examine the case, which has stirred stormy protest in Moscow. (Photo credit should read SERGEI KARPUKHIN/AFP/Getty Images)
(GERMANY OUT) Vladimir Putin - Politician, Mayor St. Petersburg, Russia - signs an agreement about the marketing of inventions. Second Mayor and Senator of Economics of Hamburg Hans-Juergen Krupp (right) (Photo by Ambor/ullstein bild via Getty Images)
Moscow, russia, outgoing russian president boris yeltsin (r) shaking hands with russian prime minister and acting president vladimir putin (l) as he leaves moscow's kremlin, the seat of russian power,1999. (Photo by: Sovfoto/UIG via Getty Images)
Russian prime minister vladimir putin seen casting his vote during the elections to the state duma, at the polling station #2026 in moscow's kosygina street,moscow, russia, december 19, 1999. (Photo by: Sovfoto/UIG via Getty Images)
N362234 01: (FILE PHOTO) Russian Prime Minister Vladimir Putin visits Uzbekistan President Islam Karimov on August 16, 1999. President Boris Yeltsin announced on national television Friday, Dec. 31, 1999 that he had resigned and presidential elections will be held within 90 days to replace him. Yeltsin said he was stepping down immediately because he wanted Putin to succeed him. Putin, the country's most popular politician, immediately took control of the government and will serve as acting president until the elections. (photo by Laski Diffusion/Liaison Agency)
SEVEROMORSK, RUSSIA - APRIL 7: Russian President-elect Vladimir Putin watches the tactical exercises of Russia's Northern Fleet in the Barentsevo Sea, 06 April 2000. Vladimir Putin spent the night underwater in a nuclear submarine near the Arctic Circle. (Photo credit should read AFP/AFP/Getty Images)
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