Ballerina daughter of Putin crony 'earns £20MILLION a year’ in latest shadowy deal linked to President

THE ballerina daughter of one of Vladimir Putin’s closest cronies earns almost £20 MILLION a year from a second mysterious money source, according to local reports.

Maria Shuvalova, 22, a dancer at the world famous Bolshsoi Ballet, works a second role in “capital asset management”, which reportedly earns her £75,000 per working day.

Online news site BAZA claims to have obtained her leaked tax records covering 2018, which showed just how lucrative her second role was.

The staggering income was nine times her annual salary at the ballet and more than the bosses of major Russian energy and financial institutions. 

“Maria may well claim to be the richest ballerina in Russia,” reported BAZA.

The jet-setting Maria is daughter of Igor Shuvalov, 54, the boss of Russia’s powerful state development corporation VEB.RF.

Back in 2018 he was Putin’s deputy prime minister. He reportedly remained close to the Kremlin leader.

BAZA explained: “Data on her income for this period was provided to us by a source with access to the databases of the Federal Tax Service.”

“There is no doubt about the reliability of the information….

"The most interesting thing is where Maria Shuvalova got her cosmic salary.”

The money started rolling into her bank account as she was dancing as Little Red Riding Hood in The Sleeping Beauty, the report said.


The media investigation – the latest tax leak concerning elite Russians in Putin’s circle – said the payment was made by KSP Capital Asset Management, a company linked to Sergei Kotlyarenko, previously believed to be her father’s lawyer.

The company manages the assets of more than 600 individuals and 19 legal entities, say reports, but Maria is not listed as an employee.

Her father’s current employer VEB.RF – Russian’s state development corporation – insisted he has always strictly complied with rules for government servants.

He referred BAZA’s queries to the KSP.

The company denied KSP was a nominal owner of its wealthy clients’ property, and that Maria held no position with the outfit.

“It is difficult to imagine what competencies the woman should have in order for her to receive an income of two billion roubles,” said Ilya Shumanov, deputy general director of Transparency International Russia.

“And considering that the relationship between Kotlyarenko and Shuvalov has long been reported, it all looks like withdrawal of money from the company.”

Russian Tatler noted the ballerina was “doing well with time management”, managing to find time to rehearse, around her busy travel schedule.

The young woman had travelled to an array of foreign destinations for her work over the past two years, including Cyprus, Portugal and Amsterdam.

Over the past month she had enjoyed time at her family’s luxury village in Dubai. 

During his time as a minister, Maria’s father was long seen as the wealthiest member of Putin’s government.

Reports in the past said he owns property in central London overlooking the Thames.

The BAZA report speculated on whether Shuvalov might face questions under Britain’s unexplained wealth laws.

“Whether the British authorities checked him is unknown,” said the report.

The dancer has not spoken on her alleged wealth, but changed her social media settings to bar comments.

In a post she said earlier: “I truly am very tired of justifying myself, of trying to fit in and of being shy…..

“I had been trying to run at all my might, not having time to think what I need [or] if people who belittle me are right.”

The report follows claims from jailed opposition leader Alexei Navalny that Putin owns a £1 billion Black Sea palace, which the Kremlin denies.

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