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| - In March 2025, following a contentious meeting between Ukrainian President Volodymyr Zelenskyy and U.S. President Donald Trump and the resulting pause in U.S. military aid to Ukraine, a years-old claim (archived) about Zelenskyy's alleged wealth began to recirculate.
The claim, shared across Facebook (archived), Instagram (archived) and X (archived) in the form of an image, read:
The President of Ukraine owns a 35 million dollar home in Florida and has $1.2 billion in a overseas bank account. Zelensky owns 15 homes, 3 private planes, and has a monthly income of 11 million dollars. Why is no one questioning where our AID is going?
However, there was no proof of any of the claims shared within the image.
The Ukrainian president submitted a 2024 asset declaration to the National Agency on Corruption Prevention covering 2023 that detailed his owned properties, income, bank accounts and vehicles. The NACP is a Ukrainian government unit that takes asset declarations from all politicians who receive a salary from the state.
According to the declaration, Zelenskyy owned fewer than 15 properties, none of them in the U.S., owned no planes and had an annual income of around $300,000, equivalent to about $25,000 per month. Records searches in Florida's 67 counties revealed no properties in Zelenskyy's name.
The declaration listed just one overseas bank account holding 350,272 euros (around $377,000). Given the above, we rate this claim false.
The Florida mansion part of the claim dated to at least February 2022. A media report, republished in English from Russian tabloid newspaper kp.ru, reported the mansion claim the day before the Russian invasion of Ukraine. In March 2022, the claim was credited to a Ukrainian politician who was stripped of his lawmaking status for parroting Russian propaganda talking points, according to Snopes reporting.
Politifact reported on a version of the image claim from April 2022, indicating it started circulating shortly after the reports mentioned above.
Zelensky's anti-corruption declaration showed no mansion or planes
Upon closer inspection, the claims from the image shared in March 2025 were largely unsubstantiated.
To start, there was no trace of a $35 million Florida mansion in Zelenskyy's name. Searches of public records from Florida's 67 counties found no deeds or mortgages in his name. Previous fact checks of this claim by AFP and PolitiFact also found no properties in Florida belonging to Zelenskyy.
In his 2024 asset declaration, Zelenskyy declared whole or part ownership of 14 properties, a number that included several parking spaces. The declaration included one property in the United Kingdom but none in the U.S.
Given the number of properties declared, it followed that Zelenskyy did not own 15 homes. The declaration categorized seven of the registered real estate assets as apartments.
In terms of other assets, Zelenskyy declared two cars with a combined value of about $158,000. No planes were listed in the declaration.
As for the claimed $11 million monthly income, in 2023, Zelenskyy received two sources of income classed as "Salary received at main place of work": $8,136.07 (336,000 Ukrainian hryvni) for "state affairs management" and $5,593.55 (231,000 Ukrainian hryvni) from Kvartal 95, a TV-production company founded by Zelenskyy and other business partners.
Zelenskyy's total reported income for 2023 was 12,423,008 Ukrainian hryvni or $300,816.93 — $25,068 per month.
In terms of offshore accounts, Zelenskyy declared that he had access to one account at Union Bancaire Privée, a Swiss bank and wealth management firm, as well as accounts at several Ukrainian banks. The Union Bancaire Privée account held 350,272 euros (around $377,000).
Pandora Papers reporting
In 2021, following the release of the Pandora Papers, the Organized Crime and Corruption Reporting Project, a global network of investigative journalists, reported that Zelenskyy and several business partners had owned a "network of offshore companies."
Zelenskyy largely removed himself from the network in connection with becoming president in 2019, according to the report, gifting shares in offshore companies to his wife or business partners.
It was unclear from the report how much money was held in the offshore companies.
Regardless, according to Forbes' Real-Time Billionaire list, there were seven billionaires in Ukraine on March 5, 2025. None of these were Zelenskyy, indicating that he did not hold $1.2 billion offshore accounts.
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