Vladimir Putin’s net worth is predicted to exceed $70 billion as of February 2023.
Currently serving his fourth term as president of Russia is Vladimir Putin. Due to his contentious friendship with President Trump and the abuses of the LGBT population in Russia, Putin has recently attracted the attention of the country.
Early in the 1990s, Putin entered politics, and since then, his popularity has increased.
Early Life
The youngest of three children, Vladimir Vladimirovich Putin was born in Leningrad, Russia, on October 7, 1952.
One of his two brothers passed away infancy, and the other died of diphtheria, before he was even born. His father was wounded in battle, and his mother worked in a factory.
As intelligence officials frequently appeared in Soviet cinema, Putin was interested in portraying them. He started practising judo and sambo, eventually earning a black belt. Vladimir learned German in high school and can now speak it with ease.
Putin attended the Leningrad State University to study law after high school, where he received his degree in 1975. After graduating from law school, Putin joined the KGB, where he worked in counterintelligence before serving in Germany as a double agent until 1990.
In 1991, he left the KGB at the level of Lieutenant Colonel.
Political Career
Putin started his political career after serving in the KGB for 16 years after receiving a law degree. He received his training at Okhta, Leningrad’s 401st KGB school.
He was sent to Moscow in 1984 for additional training at the Yuri Andropov Red Banner Institute after working in Leningrad keeping an eye on foreigners and consular officials.
From 1985 to 1990, he worked in Dresden, East Germany, under the pretence of being a translator.
After the communist East German government fell, he moved to Leningrad, where he reconnected with Anatoly Sobchak while working at the department of international affairs at Leningrad State University.
Putin asserts that he left the KGB on the second day of the attempted takeover of Mikhail Gorbachev’s government in 1991 because he did not agree with what had occurred and no longer wanted to be a part of the new post-coup administration’s intelligence agency.
His former professor Sobchak took office as mayor of Leningrad shortly after, and Putin was named chairman of the committee in charge of external relations. He then continued to advance his political career by holding numerous governmental and political roles.
Putin was appointed director of the Federal Security Service (FSB), the primary intelligence and security agency of the Russian Federation, by then-President Boris Yeltsin in July 1998. The FSB is the KGB’s successor.
On August 9, 1999, Yeltsin appointed him as the Russian Federation’s acting prime minister. Later that day, after Yeltsin expressed his desire for Putin to succeed him as president, Putin decided to run for the presidency.
His first term in office as president lasted from 2000 to 2008. Putin served as the country’s prime minister twice, first from 2008 to 20
12 and then from 1999 to 2000. Putin has developed a very contentious reputation over the years. Political analysts and other world leaders frequently criticise him for how he handles human rights and foreign policy matters.
Many people in the West have criticised the situation as “undemocratic” because it has allowed him to continue serving as president of Russia. Yet, since gaining office in 1999 after Boris Yeltsin’s unexpected resignation, Putin has generally enjoyed support from the Russian people.
Vladimir Putin’s Secret Billion Dollar Fortune
According to official records, Putin is paid $187,000 annually to serve as president (5.8 million rubles). He listed 3.6 million rubles ($113,000) in income for 2012. Putin claims to own a few cars built in Russia, a 16,000 square foot plot of land in the Moscow outskirts, and $180,000 in a savings account as his comparatively modest net worth.
Lyudmila, Putin’s ex-wife, is in charge of accounts worth $260,000. They stated that they had a combined net worth of less than $500,000.
Many Russian insiders and specialists think that during his rule, Putin has done a little more than just make life better for the average Russian citizen. Despite the privatisation of numerous formerly state-owned sectors, Putin is accused of using his influence to acquire large hidden ownership holdings in a number of multibillion dollar commodity companies.
Putin, according to his most vociferous detractors, used his influence to purchase a 4.5% ownership part in the natural gas producer Gazprom, a 37% ownership position in the oil company Surgutneftegas, and a 50% ownership stake in the Swiss oil trader Gunvor.
Revenue for Guvnor is $80 billion, for Gazprom alone it is over $150 billion, and for Surgutneftegas it is over $20 billion. Putin’s aggregate ownership shares would give him a personal net worth of $70 billion based on their most recent market capitalizations.
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Personal Life and Public Image
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. In June 2013, they made the announcement of their divorce, and in April 2014, they declared it to be final.
His public persona is unusual for a politician and is mostly defined by his “macho” outdoor persona. He has performed a number of perilous and extreme activities while going without a shirt.
He is renowned for his “Putinisms,” which are aphorisms derived from his distinctive use of the Russian language (similar to how George W. Bush is famous for his malapropisms here in the United States).
One instance of a “Putinism” occurred when Putin responded simply, “she sank,” to a question from American journalist Larry King on the fate of a Russian submarine that had been lost in an explosion.
Conclusion
A politician from Russia with a net worth of $70 billion is named Vladimir Putin. He has built up a very contentious international reputation over the course of his career, which has seen him hold the positions of Prime Minister and President of Russia. His second term as president of Russia, which started in 2012, is now in effect.
