Vladimir Putin has been one of the most discussed persons lately. Not going further into the reason of it, let’s discuss Putin’s life, career and most importantly, Vladimir Putin’s net worth. Have you ever wondered if Vladimir Putin is secretly very rich? Let’s find out.
Vladimir Putin Net Worth: $70 Million
Vladimir Putin Age: 69 years
Vladimir Putin D.O.B: Oct 7, 1952 (69 years old)
Vladimir Putin Wife: Lyudmila Aleksandrovna Ocheretnaya
Vladimir Putin Family:
Father: Vladimir Spiridonovich Putin
Mother: Maria Ivanovna Shelomova
Spouse: Lyudmila Aleksandrovna Ocheretnaya
Children: Mariya Putina, Katerina Tikhonova
Vladimir Putin’s Net Worth
Vladimir Putin is a Russian politician with a fortune of $70 billion. Throughout his tenure, which has included spells as both President and Prime Minister of Russia, Putin has established a highly contentious international reputation. He is presently in his second term as President of Russia, having taken office in 2012.
Vladimir Vladimirovich Putin was born in Leningrad, Russian SFSR, Soviet Union on October 7, 1952. His mother, Maria was a factory worker, and his father, Vladimir Spiridonovich, was a Soviet Navy conscript. He began learning Judo and sambo at the age of twelve and has a Judo black belt. He speaks German proficiently, having studied it at Saint Petersburg High School 281.
Putin earned a law degree from Leningrad State University (not Saint Petersburg University) in 1975. While in university, he met Anatoly Sobchak, co-author of the Russian constitution and an assistant professor of commercial law. He had a significant impact on Putin’s career.
Putin’s political career began with a 16-year tenure in the KGB after receiving a law degree. He received his training at the 401st KGB school in Okhta, Leningrad. In 1984, he was dispatched to Moscow for further training at the Yuri Andropov Red Banner Institute after acting as a monitor of foreigners and consular officials in Leningrad. Following that, from 1985 until 1990, he served in Dresden, East Germany, under the guise of a translator. Following the fall of the Communist East German government, he went to Leningrad, where he reconnected with Anatoly Sobchak while working at the International Affairs division of Leningrad State University.
Sobchak, Putin’s old professor, was shortly elected Mayor of Leningrad, and Putin was named chairman of the Mayor’s Office’s Committee for External Relations. From then, he advanced his political career by holding numerous political and governmental roles. Putin was named Director of the Federal Security Service (FSB), the successor to the KGB and the premier intelligence and security institution of the Russian Federation, by then-President Boris Yeltsin in July 1998.
On August 9, 1999, Yeltsin nominated him interim Prime Minister of the Government of the Russian Federation, and later that day, Putin agreed to run for president after Yeltsin indicated his wish to have Putin as his successor. His first term as President ran from 2000 to 2008. Putin was previously Russia’s Prime Minister from 1999 to 2000, and again from 2008 to 2012. Putin has amassed a tumultuous reputation over the years. Other international leaders and political analysts routinely criticise him for his management of human rights and foreign policy concerns. Many Westerners have labelled the circumstances under which he has remained in power in Russia as “undemocratic.”
Nonetheless, Putin has maintained a high level of popularity among Russians since taking over as President in 1999, following the unexpected departure of Boris Yeltsin.
Vladimir Putin’s Billion Dollar Fortune
Putin’s yearly Presidential salary is listed at $187,000 in official disclosures (5.8 million rubles). In 2012, he declared 3.6 million rubles ($113,000) in earnings. Putin also claims to have a modest net worth of $180,000 in a savings account, a few Russian-made autos, and a 16,000 square foot parcel of property on Moscow’s outskirts. Lyudmila Putin, Putin’s ex-wife, has $260,000 in bank accounts. They claimed to have a net worth of less than $500,000 in total.
Many Russian insiders and academics think that Putin has used his authority to accomplish more than just better the lives of ordinary Russian citizens throughout his reign. While many previously state-owned enterprises were privatised, Putin is accused of using his position to create enormous covert ownership shares in numerous multibillion-dollar commodities firms. According to his most vociferous adversaries, Putin has used his influence to purchase a 4.5 percent share in natural gas producer Gazprom, a 37 percent stake in oil business Surgutneftegas, and a 50 percent stake in Swiss oil trader Gunvor.
Gazprom alone generates more than $150 billion in income each year, while Guvnor generates $80 billion and Surgutneftegas generates more than $20 billion. Putin’s aggregate ownership shares would give him a personal net worth of $70 billion based on their most recent market capitalizations.
On July 28, 1983, Putin married Lyudmila Shkrebneva. From 1985 until 1990, they resided in East Germany, where their daughter Yekaterina Putina was born. Mariya Putina, their other daughter, was born in Leningrad. They announced their divorce in June 2013, and it was verified in April 2014 that it had been completed.
Currently Vladimir Putin and Russia Ukraine war is in the limelight. He invaded Ukraine, and the consequence is yet to be witnessed.
Stay tuned to learn about the net worth and biography of Vladimir Putin and other politicians.
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