Ukrainian President Volodymyr Zelensky had an income of about $623,000 in 2020, according to his financial disclosure submitted to the National Agency for the Prevention of Corruption in Ukraine. But posts on social media claim, without evidence, that he has a monthly income of $11 million.
In late February, Ukraine was invaded by Russia, putting the country and its president, Volodymyr Zelensky, in the spotlight of Western media covering the war and its global impact.
In an effort to undermine Zelensky’s credibility, some posts on social media claim, without providing evidence, that Zelensky is corrupt and has a monthly income of $11 million. Different versions of the claim add that Zelensky makes an $11 million monthly profit from the war in Ukraine.
“This, ladies and gentlemen, is what corruption looks like,” reads the caption of a that shares a meme that claims Zelensky has an income of $11 million a month and a net worth of $596 million. The post offers no proof for those claims.
“Zelensky making $11 million per month as long as the conflict goes on. Do you think he’ll negotiate peace soon?” The tweet that says, “Zelensky has 1.4 Billion dollars. More than Will Smith, Chris Rock, and Dave Chapelle combined. We are to believe that he made that as a comedian in the poorest nation in Europe?”
“Why is Zelenskyy a billionaire?” a tweet from a Twitter account affiliated with Russian state media.
But we could find no evidence he’s earning $11 million a month from his career before becoming president or from the war, and the available sources on his finances show income nowhere near such an amount.
The Ukrainian news outlet Ukrinform reported that Zelensky’s submitted to the showed he received a salary of 336,000 hryvnias (Ukrainian currency), royalties in the amount of 4.6 million hryvnias and 13.4 million hryvnias from the 2020
In U.S. dollars, those figuresStopFake, a , in April. The exchange rate now .about $623,000,
Zelensky earns a salary of roughly $930 per month as president of Ukraine — which is an annual salary of $11,160 per year — and he has a net worth of about , according to . That salary mirrors the figure on his 2020 financial disclosure.
One “Zelensky making $11 million per month as long as the conflict goes on,” and offers a source for the claim: “Details in Pandora Papers.”
The published in 2021 by the International Consortium of Investigative Journalists that revealed the offshore financial dealings of hundreds of . The papers reported that Zelensky and his close associates were the beneficiaries of a network of offshore companies and real estate holdings.are
As StopFake ” published a story in October 2021 based on the Pandora Papers, finding that “Zelensky and his partners in comedy production owned a network of offshore companies related to their business based in the British Virgin Islands, Cyprus, and Belize.
“But,” StopFake said, “OCCRP investigative reporters found no direct evidence that Zelensky was openly involved in high-value real estate deals during his tenure as President of Ukraine. In addition, even this independent investigation did not turn up Zelensky’s alleged billion-dollar fortune or any other sources of income that could be connected to him.”
Before becoming a politician, Zelensky rose quickly in the entertainment industry, starting as a comedian atand joining , a Russian comedy competition and game show.
He later formed Kvartal 95, a comedy group that toured with KVN from 1998 to 2003. that produced television shows and films.
From 2015 to 2019, Zelensky in a satirical television comedy series, — in which he played the president of Ukraine.
Fluent in Russian, Ukrainian and English, Zelensky also in several Russian-language films and dubbed Ukrainian voiceovers for several movies.
Most of Zelensky’s finances come from his work in the entertainment industry. Zelensky had a 25% stake in Kvartal 95 — his— before transferring his shares in the business to his partners after he was elected president. “It is he would receive those shares back” at the end of his term, Celebrity Net Worth reported.
It’s also worth noting that Zelensky is not on any recent lists of the 100 richest Ukrainians, according to or.
Editor’s note: FactCheck.org is one of several organizations to debunk misinformation shared on social media. Our previous stories can be found here. Facebook has no control over our editorial content.
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