Vladimir Putin is a Russian politician with a fortune of $70 billion. Throughout his tenure, which has included spells as both President and Prime Minister of Russia, he has established a highly contentious international reputation. He is presently serving his second term as Russia’s President, which began in 2012.
Childhood
Vladimir Vladimirovich Putin was born in Leningrad, Russian SFSR, the Soviet Union on October 7, 1952. (what is now Saint Petersburg). His mother, Maria, was a factory worker, and his father, Vladimir Spiridonovich, was a Soviet Navy conscript. He began practicing Judo and sambo at the age of twelve and has a Judo black belt. He speaks German proficiently, having studied it at Saint Petersburg High School 281.
Putin earned a law degree from Leningrad State University (not Saint Petersburg University) in 1975. While at university, he met Anatoly Sobchak, co-author of the Russian constitution and an assistant professor of commercial law. He had a significant impact on Putin’s career.
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Personal Life and Public Persona
On July 28, 1983, Putin married Lyudmila Shkrebneva. From 1985 until 1990, they lived in East Germany, where their daughter Yekaterina Putina was born. Mariya Putina, their other daughter, was born in Leningrad. They announced their divorce in June 2013, and it was confirmed in April 2014 that it was finalized.
His public image is quite distinctive for a politician and is mostly defined by his “macho” outdoorsy image. He has been photographed shirtless on multiple occasions or participating in a variety of perilous and extreme sports. He is also known for his “Putinism,” which are aphorisms derived from his unique usage of the Russian language (similar to how George W.
Bush is famous for his malapropisms here in the United States). One instance of “Putinism” occurred during an interview with American journalist Larry King, who asked Putin what happened to a Russian submarine that was lost in an explosion — Putin simply replied, “she sank.”
Career in Politics
Putin’s political career began with a 16-year tenure in the KGB after receiving a law degree. He received his training at the 401st KGB school in Okhta, Leningrad. In 1984, he was dispatched to Moscow for further training at the Yuri Andropov Red Banner Institute after working in Leningrad monitoring foreigners and diplomatic officials. Following that, from 1985 until 1990, he served in Dresden, East Germany, under the guise of a translator.
Following the fall of the Communist East German government, he relocated to Leningrad, where he reconnected with Anatoly Sobchak while working at the International Affairs section of Leningrad State University. Putin maintains that on the second day of the 1991 coup attempt against then-President Mikhail Gorbachev, he resigned from the KGB because he did not agree with what had occurred and did not want to be a part of the intelligence operation of the new post-revolution regime.
Sobchak, his former professor, was soon elected Mayor of Leningrad, and Putin was appointed chairman of the Mayor’s Office’s Committee for External Relations. From there, he advanced his political career by holding numerous political and governmental positions.
In July 1998, then-President Boris Yeltsin selected Putin as Director of the Federal Security Service (FSB), the successor to the KGB and the Russian Federation’s premier intelligence and security institution.
On August 9, 1999, Yeltsin nominated him as acting Prime Minister of the Government of the Russian Federation, and later that day, Putin agreed to run for president after Yeltsin indicated his wish to have Putin as his successor. His first presidency ran from 2000 until 2008. Putin was previously Russia’s Prime Minister from 1999 to 2000, and again from 2008 to 2012.
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Putin has developed a notorious reputation over the years. Otherworld leaders and political analysts routinely criticize him for his management of human rights and foreign policy concerns. Many Westerners have labeled the circumstances under which he has remained in power in Russia as “undemocratic.” Nonetheless, Putin has maintained a high level of popularity among Russians since taking over as President in 1999, following the unexpected resignation of Boris Yeltsin.
Vladimir Putin’s Billion-Dollar Secret Fortune
Putin’s annual Presidential salary is listed at $187,000 in official disclosures (5.8 million rubles). In 2012, he declared 3.6 million rubles ($113,000) in earnings. Putin also claims to have a modest net worth of $180,000 in a savings account, a few Russian-made autos, and a 16,000 square foot plot of land on Moscow’s outskirts. Lyudmila Putin, Putin’s ex-wife, has $260,000 in bank accounts. They stated their net worth was less than $500,000 in total.
Many Russian insiders and academics think that Putin has used his power to accomplish more than just better the lives of ordinary Russian citizens during his reign. While many previously state-owned enterprises have been privatized, Putin is accused of using his position to build substantial covert ownership shares in numerous multibillion-dollar commodity firms.
According to his most vociferous adversaries, Putin has used his influence to purchase a 4.5 percent share in natural gas producer Gazprom, a 37 percent stake in oil business Surgutneftegas, and a 50 percent stake in Swiss oil trader Gunvor.
Annual revenue for Gazprom alone exceeds $150 billion, Guvnor over $80 billion, and Surgutneftegas exceeds $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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Is Putin the Richest Person in the World?
If these assertions are true, Putin is the world’s richest person because his fortune exceeds that of the world’s richest men, Elon Musk and Jeff Bezos. Putin claims to have a net worth of Rs 1 crore. According to political critic Boris Nemtsov, Putin possesses 43 planes, 7000 automobiles, and 15 helicopters, including a fancy private jet plane with a gold toilet that costs 50 lakh rupees.
Putin Has Gold Worth $ 128.9002.
Russia is one of the world’s most advanced gold consumers. Russia has massive gold reserves in Moscow, St. Petersburg, and Yekaterinburg, which are thought to help the country deal with Western sanctions. According to Forbes, Russia had 1.4 billion pounds (152 billion rupees) in gold reserves in 1995. However, Putin now has 95 billion pounds in gold reserves (9641 billion rupees). This gold is housed in secret locations under high protection.