Vladimir Putin is considered the world’s richest man. He has been the current president of Russia since 2012 and is on his fourth term in the position. Putin’s net worth is $200 billion, which he got from his salary and political career. While in his political career, Putin served as president and prime minister.
Putin is always seemed popular because of his divisive character worldwide. He has achieved the latest national attention due to his controversial connection with President Trump and the human rights destruction against the LGBT society in Russia.
“Everything will probably never be OK. But we have to try for it.”
|Name||Vladimir Vladimirovich Putin|
|D.O.B||October 7, 1952|
|Place of birth||Leningrad, Russia|
|Residence||Putin’s Palace, Russia|
|Height||1.70 m (5 ft 7 in)|
|Salary||$187 Thousand Per Year|
|Net Worth||$200 Billion|
|Children||Yekaterina PutinaMariya Putina|
Who is Vladimir Putin?
Vladimir Putin has been Russia’s President since 2012. Initially, he does not belong to any political party. Though, his career started after graduating and joining the K.G.B. force. Later, after resigning from K.G.B., his political career started, and he became the acting president at the desire of his ex-professor Anatoly Sobchak, the Mayor of the state and prime minister.
Likewise, he, step by step, entered the governance and served the country. However, his governance will end in 2024. During his entire career, he earned a lot and became the owner of loads of assets. He has been in control of affairs in Russia for decades, on whom the West has always kept a vigilant eye.
But Putin’s decision to start a war in Ukraine, especially in the 21st century, even surprised some seasoned envoys and policymakers. Though in that war, the U.S. and Europe support Ukraine in their crises, He is still considered the most powerful and strong leader of the world
Early Life & Education
Vladimir Putin belongs to Russia and is the youngest of three in the family. His mother, Maria, was a factory worker, while his father, Vladimir Spiridonovich, was a conscript in the Soviet Navy. Putin was interested in Soviet cinema and wanted to portray the intelligence officers often in those movies. However, at the age of 12, he started practicing the martial arts of Judo and Sambo, and he is a Judo black belt.
Putin also studied German at Saint Petersburg high school 281 and can now speak it smoothly. After high school, Putin attended Leningrad State University to study Law and graduated in 1975. It was the time during his graduation life when he met Anatoly Sobchak, co-author of the Russian constitution and also an assistant professor that taught business law. He showed great interest in Putin’s career.
Career as K.G.B. Officer
After graduation, Putin became part of the K.G.B. (Komitet Gosudarstvennoy Bezopasnosti) for 16 years. Initially, he trained at the 401st K.G.B. school in Okhta, Leningrad.
In 1984, he was sent to Moscow for further training at the Yuri Andropov Red Banner Institute after monetizing by foreigners and consular officials in Leningrad. Following that, he served as under cover of a translator in Dresden, East Germany, from 1985 to 1990.
After then, he moved to Leningrad after the collapse of the Communist East German government, reconnecting with Anatoly Sobchak while at his post at the International Affairs section of Leningrad State University.
In 1991, with the rank of Lieutenant Colonel, he reconciled from the K.G.B. because he no longer wished to be part of the intelligence operation due to the coup attempt against then-President Mikhail Gorbachev.
Putin’s political career began in 1990 when Sobchak, his ex-professor Anatoly Sobchak, became the Mayor of Leningrad in a little while, and Putin was appointed as the head advisor of international affairs to the Mayor of Leningrad.
From there, he continued to build his political career through various roles in the government, including a spell as deputy chief of Presidential Staff. In July 1998, President Boris Yeltsin selected Putin as Director of the Federal Security Service (F.S.B.), the heir to the K.G.B. and the key intelligence and security organization of the Russian Federation.
He was not officially affiliated with any political party but vowed support for the Union party. In 1999 Putin was chosen stand-in Prime Minister of the Government of the Russian Federation by Yeltsin. Later, Putin agreed to run for the presidency after Yeltsin’s statement that he wanted to see Putin as his successor.
His first presidential term ran from 2000- 2004, and his second term ran until 2008. During his second term, the National Priority Projects began to improve Russia’s health care, education, housing, and agriculture.
A few months after becoming acting Prime Minister, he became acting President of the Russian Federation. Putin also became the Prime Minister of Russia from 1999 – 2000 and again from 2008 – 2012.
In 2008, the government wanted him as the second sovereignty as Putin was not permitted to run for a third term because of the constitution, but in 2012, he was appointed as President for a third term and is now in his fourth term.
In his command, Russia has undergone several changes, such as reorganizing the electoral districts, the annexation of Crimea, and military reform.
Putin’s Net worth
Russian President Vladimir Putin has a net worth of $200 billion. During his entire career, he served as both President and Prime Minister of Russia.
Vladimir Putin’s undisclosed Billion-Dollar wealth
Administrator confessions list Putin’s annual Presidential salary at $187,000. In 2012, he reported earnings of $113,000. Putin also claims to have relatively inadequate withdrawals of $180,000 in a savings account, a few Russian-made automobiles, and a 16,000-square-foot plot of land in the Moscow suburbs. Putin’s ex-wife, Lyudmila, controls a bank account accumulation of $260,000. In total, they claimed their assets totaled less than $500,000.
During his supremacy, many Russian insiders and experts believe that Putin has used his power to do little more than improve life for the common Russian citizen. Putin has supposedly used his power to make large secret tenure stakes in many multi-billion dollar service firms, while many earlier state-owned industries were privatized.
His most vocal critics assert that Putin has leveraged his power to acquire a 4.5% ownership stake in natural gas producer Gazprom, a 37% stake in oil company Surgutneftegas, and a 50% stake in Swiss oil trader Gunvor.
Gazprom earns over $150 billion in revenue per annum, Guvnor does $80 billion, and Surgutneftegas about $20 billion. By estimating Putin and his ex-wife’s most recent market capitalizations, Putin’s combined possession ventures would give him an asset of $70 billion.
Assets of Russian President
The Russian president’s net worth has been debated over the years, with rumors of him being the richest man in the world. However, according to Forbes, he was never on any official list.
Officially, Putin receives a payment of $140,000 per annum. He has publicly disclosed assets of an 800-square-foot apartment, a trailer, and three cars. According to Fortune, he lives in a 1,600-square-foot apartment in Moscow.
Putin net worth of ‘Flying Kremlin’ is $716 Million
Putin is frequently seen sporting luxury watches and is whispered to own a 190,000 square-foot, $1.4 billion worth mansion atop a cliff overlooking the Black Sea, 19 houses, 700 cars, 58 aircraft, and helicopters- including a $716 million plane called The Flying Kremlin. According to several reports, it consists of a toilet made of gold and a $100 million mega yacht designed by a nuclear submarine maker from the Russian navy.
Earlier this month, Fortune’s report said that Russian President Vladimir Putin had been pictured wearing Patek Philippe’s Perpetual Calendar watch worth $60,000 and allegedly owns a $500,000 A. Lange & Sohne Toubograph as other fancy designs.
The video of the Black Sea mansion called “Putin’s Palace” went viral in January 2021. However, Putin denied that the mansion belonged to him. Moreover, he said, “Nothing listed there as my chattels belongs to my close relatives or me, and never did,” and named the video as “boring.”
The mansion, designed by Italian architect Lanfranco Cirillo, reportedly has a helicopter launching pad, underground tunnels, frescoed ceilings, a marble swimming pool, a theater, an ice hockey rink, a Vegas-style casino, a nightclub, and more.
Most of the mansion is seemingly decorated by an exclusive luxury Italian brand called Citterio Atena, including Louis XIV-style sofas, $500,000 in-dining room furniture, and a $54,000 bar table. It has ornamented restrooms, fancy $850 Italian toilet brushes, and $1,250 toilet paper holders. Among all the profligate furnishings, an annual $2 million is spent on maintaining the property’s landscaping by a 40-person staff, according to Fortune.
According to a Reuters investigation, the money for the luxury mansion came from Russia’s 1.3-trillion-ruble “Health” project, which purchased medical utensils like high-tech medical scanners at two or even three times higher than the market price from a company owned by Putin’s friends.
Here are some of the outstanding honors of Vladimir Putin’s career as follows:
- In 2001, he received an Honorary doctorate award from Yerevan State University.
- In 2001, he received an Honorary doctorate award from Athens University.
- In 2007, he earned the Person of the Year in Time magazine award.
- In 2011, China International Peace Research Center Confucious Peace Prize.
- In 2011, from the University of Belgrade, he got tribute of an Honorary doctorate.
- In 2015, he got the Angel of Peace Medal from Pope Francis
Personal Life & PR
On July 28, 1983, Putin wedded Lyudmila Shkrebneva. From 1985 to 1990, they resided in East Germany and welcomed their daughter Yekaterina Putina there. Another daughter Mariya Putina was born in Leningrad. In 2013, they announced their separation and finally parted ways in April 2014.
As a politician, his popularity is fairly unusual, mainly because of his Macho outdoor picture. His public image is fairly unique for a politician, largely characterized by his “Macho” outdoor picture. He has been prominently shirtless on numerous events or seems attractive in different dangerous and intense sports.
Moreover, he is well known for his “Putinism,” sayings that come from his exclusive use of the Russian language. One illustration of “Putinism” happened when an American journalist, Larry King, interviewed, asked him what happened to a Russian submarine that had been lost in an explosion – Putin answered, “she sank.”
During his supremacy, Putin faced a very controversial reputation. He is continuously criticized by other world leaders and political experts for handling human rights and foreign strategy issues.
Several westerners have called the circumstances under which he has continued to hold office in Russia “undemocratic.” Still, Putin has been fairly admired among the Russian people ever since taking over as President following the bolt from the blue resignation of Boris Yeltsin in 1999.
$200 Billion Arguments
In 2017, the founder and C.E.O. of Hermitage Capital Management, Bill Browder, alleged that Putin is worth $200 billion. He gave evidence by the U.S. Senate Judiciary Committee and said Putin was the “richest man in the world” consequently of “terrible crimes” his regime committed.
“I believe he is worth $200 billion. The purpose of the Putin regime has been to commit terrible crimes to get that money, and he doesn’t want to lose it by having it frozen. So he is personally at risk of the Magnitsky Act,” Browder said, an investor in Russia.
In an interview with CNN in May 2018, Browder talked about Putin’s luxury watch collection. “Putin’s noticeable watch collection is worth multiples of his official salary. The wealth resulted from extortion and massive theft from state funds.”
While Putin’s net worth remains a mystery to date, he had once brushed aside all the rumors and said, “I am the wealthiest man, not just in Europe but in the whole world: I collect emotions. I am wealthy because the people of Russia have twice entrusted me with the leadership of a great nation such as Russia. I believe that is my greatest wealth.”