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Vladimir Putin Net Worth: How He Become Billionaire Politician?

Vladimir Putin is a prominent politician in Russia. He has amassed a very controversial reputation all around the world over the course of his career, which has seen him serve Russia in the capacities of both President and Prime Minister at various points. He was elected to a second term as President of Russia in 2012, and he is presently in the middle of fulfilling that term.

Early Life of Vladimir Putin

Vladimir Vladimirovich Putin was born in Leningrad, Soviet Union, on October 7, 1952. (what is now Saint Petersburg). His mom, Maria, worked in a factory, and his dad, Vladimir Spiridonovich, was in the Soviet Navy. He started learning Judo and sambo when he was twelve, and he now has a black belt in Judo. He learned German at St. Petersburg High School 281, so he can speak it well.

Putin got his law degree in 1975 from Leningrad State University, not Saint Petersburg University. He met Anatoly Sobchak, who helped write the Russian constitution and was an assistant professor who taught business law, while he was in college. He had a huge impact on Putin’s career.

Political Career of Vladimir Putin

Putin got a law degree and then spent 16 years in the KGB before he got into politics. He went to the 401st KGB school in Leningrad, Okhta, for training. In 1984, he was sent to the Yuri Andropov Red Banner Institute in Moscow to learn more after working in Leningrad to keep an eye on foreigners and consular officials. After that, he worked in Dresden, East Germany, from 1985 to 1990 under the name of a translator.

After the Communist East German government fell, he moved to Leningrad and worked in the International Affairs department at Leningrad State University. There, he met Anatoly Sobchak again. Putin says that on the second day after the failed coup against President Mikhail Gorbachev in 1991, he quit the KGB because he didn’t agree with what had happened and didn’t want to be part of the new government’s intelligence operation.

Vladimir Putin Net Worth

Sobchak, who used to be his professor, soon became the mayor of Leningrad, and Putin was put in charge of the mayor’s office’s Committee for External Relations. From there, he worked in different political and government positions to build his political career. Putin was named Director of the Federal Security Service (FSB) by then-President Boris Yeltsin in July 1998. The FSB is the successor to the KGB and is the main intelligence and security organization of the Russian Federation.

Yeltsin made him acting Prime Minister of the Government of the Russian Federation on August 9, 1999. Later that day, after Yeltsin said he wanted Putin to be his successor, Putin agreed to run for president. His first time in the White House was from 2000 to 2008. Putin also led Russia as Prime Minister from 1999 to 2000 and from 2008 to 2012. Over the years, Putin has become known for being very controversial.

When it comes to human rights and foreign policy, he is often criticized by other world leaders and political experts. Many people in the West have said that the way he has stayed in power in Russia is “not democratic.” Still, Putin has been pretty popular with the Russian people since he became President in 1999 after Boris Yeltsin quit unexpectedly.

Vladimir Putin Net Worth

According to celebritynetworth Vladimir Putin is a Russian politician whose wealth is estimated at $70 billion. Putin has been both the President and Prime Minister of Russia during his career. He has a very controversial reputation around the world.

The Secret Billion-Dollar Fortune of Vladimir Putin

Putin’s annual salary as president is reported to be $187,000. (5.8 million rubles). In 2012, he said he made 3.6 million rubles, which is about $113,000. Putin also says he has a modest amount of money: $180,000 in a savings account, a few cars made in Russia, and a 16,000-square-foot plot of land in the Moscow suburbs.

Putin’s ex-wife, Lyudmila, has control over $260,000 in bank accounts. They said that, all together, their net worth was less than $500,000. Many Russian insiders and experts think that Putin has done more than just make life better for the average Russian citizen during his time in power.

Also read: Joe Biden’s Net Worth: How Much He Makes in a Year?

While many industries that used to be owned by the government were sold to private companies, it is said that Putin used his power to build up large, secret ownership stakes in several multi-billion dollar commodity firms.

Vladimir Putin Net Worth

Putin’s most vocal critics say that he used his power to get a 4.5% stake in the natural gas company Gazprom, a 37% stake in the oil company Surgutneftegas, and a 50% stake in the Swiss oil trader Gunvor.

Gazprom brings in more than $150 billion a year by itself, while Guvnor brings in $80 billion and Surgutneftegas brings in more than $20 billion. Using their most recent market capitalizations, Putin’s ownership stakes would give him a personal net worth of $70 billion.

Also read: Mark Warner Net Worth: How Did Warner Start His Political Career?

Conclusion

Vladimir Vladimirovich Putin was born in Leningrad, Soviet Union, on October 7, 1952. He is estimated to be worth a staggering $70 billion. He has served as both President and Prime Minister of Russia. His father was Vladimir Spiridonovich, who was in the Soviet Navy. Vladimir Putin was named Director of the Federal Security Service (FSB) by then-President Boris Yeltsin in 1998.

He also led Russia as Prime Minister from 1999 to 2000 and from 2008 to 2012. His first time in the White House was from 2000 to 2008. Vladimir Putin is the President and Prime Minister of Russia.

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