Media: fund of ‘Putin’s daughter’ receives record $7.8 million

Media: fund of ‘Putin’s daughter’ receives record $7.8 million
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Vladimir Putin has never confirmed the fact that Katerina Tikhonova is his younger daughter, however he has not denied it, either.

Fund National Intellectual Development headed by Katerina Tikhonova, who is considered the President of Russia Vladimir Putin’s younger daughter, received record 500 million rubles ($7.8 million ) in 2018, reports Open media with reference to Kontur-focus.

According to the web site, the profit has grown by 65 per cent, since 2017, which is the best result over the 7 years of work of the organization.

The Fund works with the Moscow State University under a brand Innopraktika. Last year, its net profit increased from 44 million rubles ($687 thousand) to 61.17 million rubles (roughly $1 million). The asset value increased from 898 million rubles ($14 million) to 1.187 billion rubles ($19 million). The Fund’s major contractor was Rosneft.

Vladimir Putin has never confirmed the fact that Katerina Tikhonova is his younger daughter, however he has not denied it, either. The media states that Maria Vorontsova is another daughter of the President of Russia. She was earlier reported to have become a co-owner of AO Nomeko. Nomeko will deal with a major project for creation of a cross functional medical complex in the Leningrad region. Its value is estimated at 40 billion rubles ($624 million).

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