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Mikhail Gorbachev Net Worth - The Last President Of The Soviet Union


Mikhail Gorbachev died at the age of 91 ade was the former leader of the Soviet Union and won the Nobel Peace Prize. People say that he helped bring down the Iron Curtain by making social and political changes while he was the leader of his country from 1985 to 1991.

Here, you can find out how much Mikhail Gorbachev net worth. In his later years, Gorbachev stayed active in politics, but he also branched out and released an album of songs dedicated to his late wife, Raisa.

The money from the album went to charity (via The St. Petersburg Times). In 2017, the Brookings Institution said that Gorbachev was living in a dacha, which is a type of cottage or summer home, outside of Moscow. The article was first published in The New York Review of Books.

Who Is Mikhail Gorbachev?

Mikhail Gorbachev wearing suit
Mikhail Gorbachev wearing suit

COPYRIGHT_PNW: Published on https://purenetworth.com/mikhail-gorbachev-net-worth/ by - on 2022-09-01T07:53:58.438Z

It is common knowledge that Mikhail Sergeyevich Gorbachev was the last leader of the Soviet Union. Gorbachev was a well-known Russian and Soviet politician who held this position.

His full name is Mikhail Sergeyevich Gorbachev. He was the former Soviet leader. On March 2, 1931, he was born in the village of Privolnoye, which was located in Stavropol Krai at the time.

At the time, Stavropol Krai was a part of the Russian Soviet Federative Socialist Republic, which was one of the republics that made up the Soviet Union. His father's name was Sergey Andreyevich Gorbachev, and he was of Russian ethnicity.

His mother's name was Maria Panteleyevna Gorbacheva, and she was of Ukrainian ethnicity. Gorbachev was named after both of his parents. His family had a background in farming and agriculture.

He attended Moscow State University and received his law degree in 1955. He was brought up in a socialist household. In 1961, he participated in a second-degree program in agricultural production that was offered through the Stavropol Agricultural Institute, which he finished in 1967 after participating in the institute's correspondence program.

Mikhail Gorbachev's daughter is named Raisa Maximovna Gorbacheva, after his ex-wife Raisa Maximovna Gorbacheva, who he married and had a daughter with. At the time of his passing, he had reached the age of 91 years.

NameMikhail Gorbachev
BirthdayMarch 2, 1931
ProfessionPolitician, Lawyer
DeathPolitician, Lawyer
Net worth$5 million

Mikhael Gorvachev Early Life

Mikhail Gorbachev was born in Privolnoye, Stavropol Krai, Soviet Union, on March 2, 1931. His parents, Sergey and Maria, were poor peasants. Aleksandr, who was born in 1947, was his younger brother.

Gorbachev moved to the collective farm set up by his maternal grandparents when he was three years old. During Stalin's Great Purge, both of Gorbachev's grandfathers were taken into custody and sent to work camps.

In 1950, Gorbachev joined the Communist Party and started studying law at Moscow State University. After two years, he joined the Communist Party as a full member. In 1955, Gorbachev got his degree from MSU.

A farmer in his earlier life, the late Mikhail Gorbachev rose through the agricultural ranks to become the leader of the Soviet Union. Gorbachev was a member of a family that struggled to make ends meet, and he spent his childhood toiling away with his relatives on the family farm (via CNN).

It was inevitable that he would eventually leave the farm he grew up on to attend college in Moscow, but he always intended to come full circle and work the land.

Gorbachev first became acquainted with Raisa Titarenko while they were both students at Moscow State University. The fact that she was engaged to another guy did not prevent her from beginning a romantic relationship with Gorbachev when the engagement to the other man was broken off.

In 1953, the couple tied the knot. After then, Titarenko discovered that she was pregnant, but she was in such poor health that she needed to undergo an abortion in order to preserve her life.

In time, the couple welcomed a child into the world who they named Irina. Titarenko lost dead in 1999 due to complications from leukemia.

Infamously, Gorbachev is known to have a mark on his forehead that looks like port wine. He consumes alcohol very infrequently, never smokes, and does not engage in sexual activity, all of which set him apart from other former Soviet officials.

Mikhail Gorbachev Became The Leader Of The Soviet Union

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Three years after Leonid Brezhnev died as leader of the Soviet Union, and after the short terms of Yuri Andropov and Konstantin Chernenko, Mikhail Gorbachev became the General Secretary of the Communist Party of the Soviet Union.

This made him the leader of the Soviet Union in all but name. Even though he started out as a leader supporting Marxist-Leninist ideas, Gorbachev eventually came around to democratic reforms.

The 1986 Chernobyl disaster was a big part of what made him change his mind. On the home front, he set up an openness policy that led to more freedom of speech, press, and religion.

The decentralization of economic processes and the creation of the Congress of People's Deputies were also part of Gorbachev's efforts to make the country more democratic. The one-party Soviet state was hurt by these and other things.

As a leader of the Soviet Union, Gorbachev also did things like end the Soviet-Afghan War and try to improve relations with Western European countries. He also did a lot to improve the relationship between the Soviet Union and the U.S.

He held a number of summits and signed a treaty with Ronald Reagan that limited nuclear weapons. In the late 1980s and early 1990s, when many countries in the Eastern Bloc gave up their Marxist-Leninist form of government, Gorbachev was known for not sending in the military.

Due to what he did, Marxist-Leninist hardliners tried to take over the government in 1991, but they failed.

Post-Presidential Career Of Mikhail Gorvachev

Gorbachev started his own foundation in early 1992, less than a year after he stepped down as president. Its main goal was to study socioeconomics and politics, especially the history of perestroika.

The foundation also kept an eye on life in Russia after the fall of the Soviet Union and made comments about it. Gorbachev gave talks all over the world to raise money for his foundation.

He also appeared in a number of TV and print ads. In 1993, he started an organization for people who care about the environment called Green Cross International.

In 1995, he started the World Summit of Nobel Peace Laureates. The next year, Boris Yeltsin's actions made Gorbachev so angry that he decided to run for president. He came in seventh place in the election.

Gorbachev helped start the Russian United Social Democratic Party in 2000, the same year that Vladimir Putin became president. Even though he supported Putin at first, Gorbachev eventually turned against him, especially after Putin rigged the parliamentary elections in 2011 to help him win.

Mikhail Gorvachev Net Worth

The legacy of former Soviet leader Mikhail Gorbachev

Mikhail Gorbachev was a former leader of the Soviet Union. When he died in August 2022, he was worth $5 million. He died on August 30, 2022, when he was 91 years old.

From 1985 to 1991, Mikhail Gorbachev was the leader of the Soviet Union for the last time. From 1985 to 1991, Gorbachev was the General Secretary of the Community Party of the Soviet Union.

From 1988 to 1991, he was the leader of the country. Chairman of the Presidium of the Supreme Soviet (1988–1989), Chairman of the Supreme Soviet (1989–1990), and President of the Soviet Union were his official titles (1990-1991).

Even though he used to support Marxist-Leninist ideas, he eventually led a number of democratic reforms that made people freer in the Soviet Union and helped end the Cold War. Gorbachev made his own foundation after he left office in 1991.

Gorbachev has won the Harvey Prize, the Novel Peace Prize, and the Otto Hahn Peace Medal. In 2008, he and Alexander Lebedev started the Independent Democratic Party of Russia.

People Also Ask

Was Gorbachev In A Pizza Hut Commercial?

The TV ad that Mikhail Gorbachev did for Pizza Hut 25 years ago could be seen as a happy and sad 60-second summary of his whole life.

Why Did The Soviet Union Collapse?

Gorbachev's decision to allow elections with more than one party and to give the Soviet Union a president started a slow process of democratization that eventually made Communist control unstable and led to the fall of the Soviet Union.

Is Gorbachev Still Alive 2022?

Mikhail Gorbachev died on August 30, 2022, at the age of 91 years old.


Mikhail, whose time as president was coming to an end, left behind a mixed legacy. Before he became president, Mikhail worked as a farmer. Because of his struggle to stay alive and his pain, Mikhail didn't care about money. Only $5 million was left to his net worth and family.

In a statement, President Vladimir Putin said that he was very sorry for what had happened. Because of changes on the inside, the Soviet Union broke apart and fell. Vladimir called him the worst thing that could happen to world politics.

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