What Is Vladimir Putin Net Worth? How He Earns His Billion Dollar Fortune?

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Vladimir Putin is currently serving his fourth term as president of Russia. Human rights breaches in Russia against the LGBT community and Putin’s tense relationship with President Trump have brought him to the forefront of the news recently. Here you will read about Vladimir Putin’s net worth, a career in politics, and more details.

Putin entered politics in the early 1990s, and since then, his star has only risen.

Vladimir Putin Early Life

Soviet leader Vladimir Vladimirovich Putin was born on October 7, 1952, in Leningrad, Russian SFSR (what is now Saint Petersburg). Maria, his mother, worked in the factory, while Vladimir Spiridonovich, his father, served in the Soviet Navy. At the age of twelve, he began training in Judo and sambo, and today he holds a black belt in Judo. His proficiency in German is a direct result of his time spent in the German language program at Saint Petersburg High School 281.

Putin earned his law degree in 1975 from Leningrad State University, not Saint Petersburg University. At the university, he crossed paths with Anatoly Sobchak, a co-author of the Russian constitution and a professor of commercial law. Putin’s career was heavily influenced by him.

Vladimir Putin’s Personal Life

Russian President Vladimir Putin wed Lyudmila Shkrebneva on July 28, 1983. Yekaterina Putina was born while the family was residing in East Germany from 1985 until 1990. Mariya Putina, the couple’s eldest daughter, was born in Leningrad. They first disclosed their separation in June 2013, and then officially divorced in April 2014.

His “macho,” outdoorsy persona stands in stark contrast to the typical politician’s image. In numerous instances, he has gone naked while partaking in risky or intense activities. Putin is particularly well-known for the aphorisms he coined using the Russian language, which has come to be known as “Putinism”.

When asked by American journalist Larry King what happened to a Russian submarine that had been lost in an explosion, Putin responded simply, “she sank,” in an example of “Putinism.”

Vladimir Putin’s Career In Politics

Vladimir Putin
Vladimir Putin

Putin’s political career began with his service in the KGB for 16 years after he graduated from law school. He attended the 401st KGB Institute in Okhta, Leningrad, for his training. In 1984, he was transferred from his post as a foreigner and consular official monitor in Leningrad to a position at the Yuri Andropov Red Banner Institute in Moscow.

After that, he served in Dresden, East Germany between 1985 and 1990 while pretending to be a translator. After the fall of the Communist East German government, he moved to Leningrad and took a job in the International Affairs department at Leningrad State University, where he ran upon Anatoly Sobchak again.

Vladimir Putin claims he resigned from the KGB on the second day of the coup attempt against then-President Mikhail Gorbachev in 1991 because he did not agree with what had happened and did not want to be part of the intelligence operation of the new post-coup regime.

Sobchak, his former professor, soon became the Mayor of Leningrad, and Putin was named as head of the Committee for External Relations of the Mayor’s Office. From there, he continued to expand his political career through numerous political and governmental posts.

In July 1998, then-President Boris Yeltsin selected Putin as Director of the Federal Security Service (FSB), which is the successor of the KGB and the premier intelligence and security institution of the Russian Federation.

After Yeltsin publicly expressed his desire to see Putin as his successor, Putin agreed to run for president on August 9, 1999, and he was thereafter appointed acting Prime Minister of the Government of the Russian Federation. From 2000 to 2008, he served as president. The years 1999–2000 and 2008–2012 saw Putin serving as Russia’s prime minister.

Vladimir Putin’s Net Worth

Putin, a Russian politician, is worth an estimated $70 billion. He has served as President of Russia and Prime Minister of Russia, and his career has garnered him a reputation for controversy around the world. He has been President of Russia since 2012 when his second term officially began.

Putin’s Hidden Billion Dollar Fortune

The government has revealed that Putin earns $187,000 per year in his position as president (5.8 million rubles). His income was $113,000 (or 3.65 million rubles) in 2012. Putin maintains he has a modest net worth of $180,000 in a savings account, a few Russian-made autos, and a 16,000-square-foot parcel of land in the Moscow outskirts. Ex-wife Lyudmila Putin holds $260,000 in bank accounts. They estimated they had less than $500,000 in assets.

Many Russian insiders and analysts believe that Putin has done more than just enhance the lives of ordinary Russians throughout his presidency. Although many formerly state-owned enterprises have been privatized, it is believed that Putin has leveraged his position of power to amass substantial hidden ownership holdings in some multibillion-dollar commodity firms.

Putin’s harshest detractors claim he bought himself a 4.5 percent share in gas producer Gazprom, 37 percent of oil company Surgutneftegas, and a 50 percent stake in Swiss oil trader Gunvor by using his position of power. The combined yearly revenue of Gazprom, Guvnor, and Surgutneftegas is about $200 billion. Putin’s personal wealth would be estimated at $70 billion based on the current market value of his holdings in various companies.

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Govind Dhiman
Govind Dhimanhttps://journalistpr.com
Govind Dhiman is a young and passionate entrepreneur who hails from Haryana, India. He founded Journalistpr.com to help journalists in the world of journalism grow their presence and amplify their voice on social media. Govind believes that content marketing is one of the most effective ways for businesses to establish themselves as authorities in their niche market space by publishing quality content on a consistent basis with an eye towards key metrics like engagement and shares.

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