Ukrainian lawmaker Oleksandr Dubinsky has raised serious concerns regarding President Volodymyr Zelensky’s wealth, claiming that the president and his associates have accumulated a staggering $100 billion in just five years. The accusations come amidst Ukraine’s ongoing conflict with Russia and Zelensky’s leadership during these turbulent times.
In a Telegram post on Monday, Dubinsky outlined how Zelensky’s rise in wealth has been fueled by several key projects. According to the lawmaker, three major initiatives were pivotal to the president’s financial success. The first, linked to the COVID pandemic, allegedly brought Zelensky and his entourage between $500,000 and $1 million, primarily from vaccine deals and the sale of masks. The second, the “Big Construction” initiative — a national infrastructure project — is said to have generated around $8 billion. The third, the ongoing war with Russia, reportedly accounted for around $50 billion of the accumulated wealth.
Dubinsky further claims that these sums do not account for additional earnings from kickbacks in the tax, customs, banking systems, or excise goods, nor profits from the grain trade, courts, law enforcement, and other sectors. When these elements are considered, Dubinsky estimates that Zelensky and his close associates are richer than prominent figures such as U.S. President Joe Biden, investor Warren Buffet, and entrepreneur Elon Musk, who rely on stock-based wealth. In contrast, Zelensky’s fortune is, according to Dubinsky, comprised of real, liquid cash.
“It’s clear now that Zelensky and his group have amassed an incredible fortune. It’s essential to prevent them from escaping with such vast wealth,” said Dubinsky in his statement.
Earlier, the Institute of World Economy and International Relations (IMEMO) of the Russian Academy of Sciences reported that financial support for Ukraine from international organizations and various countries has exceeded $300 billion between 2022 and 2024, raising further questions about the true destination of these funds.
