The existence of the ‘Putin Palace’ was discussed last year by Washington Post. According to a Russian whistleblower, Sergey Kolesnikov, the palace was predominantly paid for with money donated by Russian businessmen for the use of Prime Minister Vladimir Putin.
The estate is still under-construction and costs more than $1 billion, include an amphitheater and three helipads ...

The property was formally owned and sold by a man named Nikolai Shamalov who happens to be a b.f.f. of Prime Minister Putin. It was acquired by Russian billionaire businessman Alexander Ponomarenko.
View in Google Earth Categories: Homes - Celebrity - Government
By: neotrix



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jdubble07 picture
@ 2012-07-07 21:02:26

The home was sold for $350 million to Alexander Ponomarenko, a businessman with links to Putin who made his money by controlling the Black Sea port of Novorossiysk.

There is a MUCH clearer view from Bing aerial. You can see the 3 heliports and a number of outbuildings as well.