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Real estate and infrastructure projects in Kalmykia, the republic he governed for decades, represent another layer of his asset base. Visionary, and at times eccentric, urban development projects, including ambitious architectural designs and tourism ventures tied to his peculiar blend of Buddhism and capitalism, have reshaped the region’s capital, Elista. While some of these projects may serve symbolic and political purposes, anchoring his legacy in the physical landscape, they also involve substantial capital investment and asset valuation. The construction of convention centers, hotels, and cultural venues creates tangible, appraisable assets that exist alongside his more liquid financial holdings.
