Fact Check-Money magazine did not publish cover of Ukraine’s Zelensky on a horse made of cash

‘Money’ magazine did not publish a cover featuring Ukrainian President Volodymyr Zelensky on a horse made of cash.

An image circulating online that appears to show that cover has been digitally altered. Someone has taken a Money cover from 2016 showing comedian John Oliver, added Zelensky’s face and included the banners: “Comedian and ‘Democracy’ Crusader” and “Learn How He’s Laundering American Taxpayer Dollars And Cuckholding [sic] With Klaus Schwab.”

One user shared the screenshot on Twitter and said: “The American magazine Money called Zelensky "the king of Western corruption." Which, of course, does not prevent the European Union from considering Ukraine a democratic country” (here).

Other examples of the image shared online can be found (here), (here), (here), (here), (here), (here) and (here).

A spokesman for Money confirmed it had never published the Zelensky cover, which does not appear anywhere on the magazine’s website or its social media accounts (, ( Its website does show the original John Oliver cover (

A closer examination of the altered image shows the handle of an Instagram account (@fjbusa) in the corner. That account, which posted the image on June 23 (here), lists memes, comedy and “satire/parody” in its description (

Reuters has previously addressed digitally altered front pages that duped users online (here), (here).


Altered. Money magazine did not publish a cover in June 2022 featuring Ukrainian President Volodymyr Zelensky on a horse made of money. The image is a doctored version of a 2016 cover featuring comedian John Oliver.

This article was produced by the Reuters Fact Check team. Read more about our fact-checking work here .