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President Putin has a lot of secrets that have shocked the public. Aside from his secret hideaway in France, he has another secret hideaway and this time, it is a palace. The French hideaway was difficult to confirm but this secret palace is not. According to BBC and Time, President Putin owns a secret palace on the Black Sea that is believed to be worth $1 billion. Perhaps, President Putin believes that he is a “king” and he needs a palace. As per the photos and reports, the secret palace on the Black Sea resembles vintage Russian architecture with a private theater, a landing pad for President Putin’s helicopter, and accommodations for security guards.