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The Russian leader is reportedly "tired" and reluctant to engage in a major election campaign again, so may pull out of next March's elections.
Meanwhile, it seems the country is already looking to the future of Russia without Putin at the helm.
Gleb Pavlovsky, a former Kremlin advisor and head of the Effective Politics Foundation, told The Independent that the regime was entering a “terminal” phase. “Whichever way you play it, this campaign is about transitioning to a post-Putin Russia,” he said.
When he quits, he will unlock a £160billion fortune which some believe make him the richest man in the world.
His £28million superyacht Olympia is a gift from Chelsea boss Roman Abramovich, and he owns a Black Sea palace thought to be worth £800m, a £28m super yacht and is believed to be sitting on billions of pounds.
A dossier written by political opponent Boris Nemstov said he had access to up to 58 planes and helicopters, a watch collection worth $500,000 and 20 palaces and retreats.
The document also claims he he uses a private jet boasting a toilet worth £40,000, according to the Telegraph.
But he has not been able to splash the cash during his time as leader.
In 2000, Russian fund manager and author Bill Browder reported that Putin was worth $200billion.
He said: "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." Putin has denied sitting on a massive fortune, and in April 2015 claimed to have an income of just £95,000, made up from his presidential salary and the ownership of two flats and a car park.