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Vladimir Putin Net Worth - The Old And The Restless

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Russian politician Vladimir Putin net worth is $70 billion. He has built up a highly contentious international image 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.

Quick Facts About Vladimir Putin

NameVladimir Putin
Date Of BirthOct 7, 1952
Place Of BirthSaint Petersburg
GenderMale
ProfessionPolitician
NationalityRussia
Salary$187 Thousand Per Year
Net Worth$70 Billion

Personal Life And Public Image

On October 7, 1952, Vladimir Vladimirovich Putin was born in Leningrad, Russian SFSR, Soviet Union (what is now Saint Petersburg). His father Vladimir Spiridonovich served as a conscript in the Soviet Navy, while his mother Maria worked at a factory.

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He is a black belt in Judo and started learning sambo when he was twelve years old. He is conversant in German and attended Saint Petersburg High School 281.

Putin earned a law degree in 1975 from Leningrad State University (not Saint Petersburg University).

He first met co-author of the Russian constitution Anatoly Sobchak, an assistant professor who taught corporate law, at the institution. He had a significant impact on Putin's career.

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 second daughter, was born in Leningrad. In June 2013, they made the announcement of their divorce, and in April 2014, they declared it to be complete.

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" came when Putin responded simply, "she sunk," to a question from American journalist Larry King on the fate of a Russian submarine that had been lost in an explosion.

Vladimir Putin Political Career

Vladimir Putin relaxing
Vladimir Putin relaxing

Putin started his political career after working in the KGB for 16 years after receiving a law degree. He received his training at Okhta, Leningrad's 401st KGB school.

He was moved to Moscow in 1984 for further training at the Yuri Andropov Red Banner Institute after serving in Leningrad keeping an eye on foreigners and diplomatic officials.

From 1985 until 1990, he worked in Dresden, East Germany, on the pretense 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 member of the new post-coup administration's spy agency.

His old 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 proceeded to further his political career by holding numerous governmental and political roles.

Putin was named director of the Federal Security Service (FSB), the premier 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 designated him as the Russian Federation's acting prime minister.

Later that day, when Yeltsin expressed his intention for Putin to succeed him as president, Putin decided to compete for the presidency.

His first tenure in office as president ran from 2000 until 2008. Putin served as the country's prime minister twice, first from 2008 to 2012 and again from 1999 to 2000.

Putin has developed a highly contentious image over the years. Political analysts and other international leaders routinely criticize him for how he handles human rights and foreign policy matters.

Many people in the West have criticized the situation as "undemocratic" since it has allowed him to continue serving as president of Russia.

Nevertheless, since gaining office in 1999 after Boris Yeltsin's unexpected departure, Putin has generally enjoyed support from the Russian people.

Vladimir Putin's Net Worth

According to official records, Putin gets paid $187,000 year 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 parcel of property 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 said that they had a combined net worth of less than $500,000.

Many Russian insiders and specialists think that throughout his rule, Putin has done a bit more than just make life better for the average Russian citizen.

Despite the privatization 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 commodities 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 business 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.

Vladimir Putin Lifestyle

Vladimir Putin posing
Vladimir Putin posing

Lavish Houses

Putin has 20 opulent houses, one of which is the $1.4 billion Black Sea seaside estate known as "Putin's Country Cottage."

However, the Kremlin has always denied that Putin is the owner of the property. It contains a marble swimming pool with Greek deity sculptures as decorations.

This palace also has a theater, a wine cellar, and a pole dance club. Putin, though, denied being the palace's sole owner.

Putin reportedly spends at least $2 million year on a team of 40 landscapers and gardeners, according to The Richest.

A tour of the palace's first floor shows off a music room, a gym, and a dining room with $500,000 worth of Pozzoli, Italian luxury furnishings, and a $54,000 bar table. There are six bedrooms, each furnished with opulent Italian accents.

A barroom leading to a lavish auditorium with two stories of height is filled with more than $100,000 worth of wine and spirits.

Additionally, according to media claims, he owns 19 other properties. Putin also owns 58 airplanes and helicopters, 700 vehicles, and several pricey watches with a value of up to Rs 3 crore.

Additionally, he enjoys having unusual pets, such as Boris, a tiger that he in 2015 broadcast live on television before being released into the wild.

Putin's fortune is estimated to be approximately $200 billion by former Hermitage Capital Management CEO Bill Browder in an interview with The Washington Post.

His mansion has amenities like these that are uncommon in other homes. The exact amount of Putin's net wealth, nevertheless, is still unknown.

According to several sources, Putin purchased an opulent home in 2017, a few kilometers from Russia's western border, with gold-plated tiles in the swimming pool.

Luxurious Flying Jet

Putin prefers a unique, neoclassical-styled airplane when he is traveling someplace in the air. This aircraft has $716 million in value.

The term "Flying Kremlin," which translates to "Flying Office of the President of Russia," has been given to the Ilyushin Il-96-300PU.

The lavatory aboard the aircraft is made of gold, and it is alone worth more than Rs 35 lakh.

This fort-like aircraft can travel at speeds of up to 900 km/h. It features all the amenities, including a gym, bar, and three beds, so Putin can manage the army while on the road.

The plane has a cutting-edge communications technology that enables it to serve as a command post for soldiers during battle.

Putin's Superyacht

Putin's opulent lifestyle is often discussed. The president of Russia reportedly has a $100 million superyacht called "Graceful."

Sevmash, a Russian Navy nuclear submarine manufacturer, created the design, while H2 Yachts Design created the interior and exterior.

This superyacht has amenities including a helipad, dining space, and cocktail bar. The superyacht's cellar has 400 bottles of the most expensive wines in the world.

It had been parked in Germany for a while, but it had already gone because of the impending penalties after the assault.

Watch Collection

Putin has a collection of watches that is estimated to be worth £500,000 (or $891,500). One watch alone is worth £300,000 (or $535,000).

In recent years, Putin has reportedly purchased a number of residences, some of which are estimated to be worth more than £1 billion (A$1.78 billion).

People Also Ask

Who Is Vladimir Putin?

Former intelligence officer and politician Vladimir Putin presided over Russia from 1999 to 2008 and again from 2012 to the present.

In addition, he served as prime minister of the nation in 1999 and from 2008 to 2012.

Was Vladimir Putin In The KGB?

The KGB, the Soviet Union's internal and international intelligence service, employed Vladimir Putin as a foreign intelligence officer for 15 years. He left the KGB's active duty in 1990 as a lieutenant colonel.

Who Is Alina Kabaeva To Putin?

She has supposedly been Vladimir Putin's mistress for a very long time. Kabaeva served as a United Russia State Duma representative from 2007 until 2014.

Kabaeva took over as the National Media Group's board of directors' chair in September 2014.

Conclusion

Vladimir Putin, who has been in charge of Russia for more than 20 years, makes use of his position to change the constitution in order to expand his authority and keep his position as leader.

Thus, when the president's current term finishes in 2024, he or she would have held office for over 25 years. Putin is now the focus of attention for the whole globe.

The Russia-Ukraine conflict is another way that Putin is showing the world how powerful he is. Even before, Putin was regarded as one of the world's superpowers.

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