Vladimir Putin Net Worth & Biography

By Mixxerly Updated: SEPTEMBER 22, 2021

Introduction

NET WORTH

$100B

Vladimir Putin is a Russian politician and a former intelligence officer who has served as President of Russia since 2012, previously being in the office from 1999 until 2008. He was also Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012.

Putin was born in Leningrad (now Saint Petersburg) and studied law at Leningrad State University, graduating in 1975. Putin worked as a KGB foreign intelligence officer for 16 years, rising to the rank of Lieutenant Colonel, before resigning in 1991 to begin a political career in Saint Petersburg.

He later moved to Moscow in 1996 to join the administration of President Boris Yeltsin. As of , Vladimir Putin has an estimated net worth of about $100B.

There are also many rumors and speculations that the leader of Russia could be worth more. Some sources estimated his net worth as much as $200B which could easily make him the richest person alive in the world.

At a Glance

Full name: Vladimir Vladimirovich Putin

Other names: Vladimir Putin

Birthday: 7 October 1952

Age:

Net worth: 100B

Occupation: President of Russian Federation, Politician, Former Intelligence Officer.

Nationality: Russian Federation.

Net Worth

On 31 December 1999, Yeltsin unexpectedly resigned and, according to the Constitution of Russia, Putin became Acting President of the Russian Federation. The inauguration of President Putin occurred on 7 May 2000. Putin appointed the Minister of Finance, Mikhail Kasyanov, as the Prime Minister. Between 2000 and 2004, Putin set about the reconstruction of the impoverished condition of the country, apparently winning a power-struggle with the Russian oligarchs, reaching a 'grand bargain ' with them.

According to a June 2007 public opinion survey, Putin's approval rating was 81%, the second highest of any leader in the world that year. In January 2013, at the time of 2011–2013 Russian protests, Putin's approval rating fell to 62%, the lowest figure since 2000 and a ten-point drop over two years. By May 2014, following the 2014 Ukrainian revolution and annexation of Crimea, Putin's approval rating had rebounded to 85.9%, a six-year high. As of , Vladimir Putin has an estimated net worth of about $100B.

Early Life

Vladimir Vladimirovich Putin was born on 7 October 1952 in Leningrad, Russian SFSR, Soviet Union (now Saint Petersburg, Russia), the youngest of three children of Vladimir Spiridonovich Putin (1911–1999) and Maria Ivanovna Putina (née Shelomova; 1911–1998).

Vladimir Spiridonovich's father was a cook to Vladimir Lenin. Putin's birth was preceded by the deaths of two brothers, Viktor and Albert, born in the mid-1930s. Albert died in infancy and Viktor died of diphtheria during the Siege of Leningrad by Nazi Germany's forces in World War II.

Putin's mother was a factory worker and his father was a conscript in the Soviet Navy, serving in the submarine fleet in the early 1930s. Early in World War II, his father served in the destruction battalion of the NKVD. Later, he was transferred to the regular army and was severely wounded in 1942. Putin's maternal grandmother was killed by the German occupiers of Tver region in 1941, and his maternal uncles disappeared on the Eastern Front during World War II.

On 1 September 1960, Putin started at School No. 193 at Baskov Lane, near his home. He was one of a few in the class of approximately 45 pupils who was not yet a member of the Young Pioneer organization. At age 12, he began to practice sambo and judo. He is a Judo black belt and national master of sports in Sambo. He wished to emulate the intelligence officers portrayed in Soviet cinema. Putin studied German at Saint Petersburg High School 281 and speaks German fluently.

Putin studied Law at the Leningrad State University named after Andrei Zhdanov (now Saint Petersburg State University) in 1970 and graduated in 1975. His thesis was on "The Most Favored Nation Trading Principle in International Law". While there, he was required to join the Communist Party of the Soviet Union and remained a member until it ceased to exist (it was outlawed in August 1991).

Putin met Anatoly Sobchak, an assistant professor who taught business law, and later became the co-author of the Russian constitution and of the corruption schemes persecuted in France. Putin would be influential in Sobchak's career in Saint-Petersburg. Sobchak would be influential in Putin's career in Moscow.

Favorite Quotes from Vladimir Putin

“Everything will probably never be OK. But we have to try for it.” – Vladimir Putin
“The path towards a free society has not been simple. There are tragic and glorious pages in our history.” – Vladimir Putin
“Terrorism has no nationality or religion.” – Vladimir Putin
“The ability to compromise is not a diplomatic politeness toward a partner but rather taking into account and respecting your partner’s legitimate interests.” – Vladimir Putin
“We don’t need a weakened government but a strong government that would take responsibility for the rights of the individual and care for the society as a whole.” – Vladimir Putin
“We shall fight against them, throw them in prisons and destroy them.” – Vladimir Putin
“The centuries-old history and culture of India, majestic architectural monuments and museums of Delhi, Agra and Mumbai have a unique attractive force.” – Vladimir Putin

Career

Vladimir Putin served as Director of the Federal Security Service (FSB) and Secretary of the Security Council, before being appointed as Prime Minister in August 1999. After the resignation of Yeltsin, Putin became Acting President, and less than four months later was elected outright to his first term as president and was reelected in 2004, after four years of serving as president, he became the Prime Minister again from 2008 to 2012, and got reelected as president in 2012, and again in 2018.

During his first tenure as president, the Russian economy grew for eight straight years, with GDP measured by purchasing power increasing by 72%, real incomes increased by a factor of 2.5, real wages more than tripled; unemployment and poverty more than halved and the Russians' self-assessed life satisfaction rose significantly.

The growth was a result of a fivefold increase in the price of oil and gas which constitute the majority of Russian exports, recovery from the post-Communist depression and financial crises, a rise in foreign investment, and prudent economic and fiscal policies.

Putin served as Prime Minister under Dmitry Medvedev from 2008 to 2012, where he oversaw large scale military reform and police reform. In 2012, Putin sought a third term as president and won with 64% of the vote.

Falling oil prices coupled with international sanctions imposed at the beginning of 2014 after Russia's annexation of Crimea and the Russo-Ukrainian War led to GDP shrinking by 3.7% in 2015, though the Russian economy rebounded in 2016 with 0.3% GDP growth, and the recession officially ended.

Development under Putin has included the construction of pipelines, the restoration of the satellite navigation system GLONASS, and the building of infrastructure for international events such as the 2014 Winter Olympics in Sochi. Putin received 76% of the vote in the 2018 election and was re-elected for a six-year term ending in 2024.

Under Putin's leadership, Russia has experienced democratic backsliding. Experts do not generally consider Russia to be a democracy, citing jailing of political opponents, purges and curtailed press freedom, and the lack of free and fair elections.

Russia has scored poorly on Transparency International's Corruption Perceptions Index, the Economist Intelligence Unit's Democracy Index and Freedom House's Freedom in the World index (including a record low 20/100 rating in the 2017 Freedom in the World report, a rating not given since the time of the Soviet Union).

Human rights organizations and activists accuse Putin of persecuting political critics and activists as well as ordering them tortured or assassinated. Officials of the United States government have accused him of leading an interference program against Hillary Clinton in support of Donald Trump during the U.S. presidential election in 2016.

KGB Career

In 1975, Putin joined the KGB and trained at the 401st KGB school in Okhta, Leningrad. After training, he worked in the Second Chief Directorate (counter-intelligence), before he was transferred to the First Chief Directorate, where he monitored foreigners and consular officials in Leningrad.

In September 1984, Putin was sent to Moscow for further training at the Yuri Andropov Red Banner Institute. From 1985 to 1990, he served in Dresden, East Germany, using a cover identity as a translator. Masha Gessen, a Russian-American who has authored a biography about Putin, claims "Putin and his colleagues were reduced mainly to collecting press clippings, thus contributing to the mountains of useless information produced by the KGB".

According to a later controversial anonymous source cited by journalist Catherine Belton, Putin was allegedly involved in Soviet support for the West German terrorist Red Army Faction (mainly active in the 1970s, not in the end of 1980s) during this time, though his residence in Dresden was absolutely non-suitable for such activities and his own activities were focused on South-East Asia because of his previous connections to such foreigners in the USSR.

His German was not good enough to meet RAF those times. He met Germans to be recruited for wireless communications affairs together with an interpreter. He was involved in wireless communications technologies in South-East Asia due to trips of German engineers, recruited by him, there and to the West.

According to Putin's official biography, during the fall of the Berlin Wall that began on 9 November 1989, just he had saved the files of the Soviet Cultural Center (House of Friendship) and of KGB villa in Dresden for the official authorities of the would-be united Germany to prevent demonstrators, including KGB and Stasi agents, from obtaining and destroying them.

He then supposedly burnt only those files, that were KGB ones, in a few hours, but saved archives of the Soviet Cultural Center for the German authorities. Nothing is told about selection criteria during burning, Stasi files and about files of other agencies of the German Democratic Republic and of the USSR. He explained that many documents were left to Germany only because the furnace burst. But many documents of the KGB villa were sent to Moscow.

After the collapse of the Communist East German government, Putin was to resign from active KGB service because of suspicions aroused regarding his loyalty during demonstrations in Dresden and earlier, though the KGB and the Soviet army still operated in Germany, and he returned to Leningrad in early 1990, where he worked for about three months with the International Affairs section of Leningrad State University, reporting to Vice-Rector Yuriy Molchanov.

There, he looked for new KGB recruits, watched the student body, and renewed his friendship with his former professor, Anatoly Sobchak, soon to be the Mayor of Leningrad. Putin claims that he resigned with the rank of Lieutenant Colonel on 20 August 1991, on the second day of the 1991 Soviet coup d'état attempt against the Soviet President Mikhail Gorbachev.

Putin said: "As soon as the coup began, I immediately decided which side I was on", although he also noted that the choice was hard because he had spent the best part of his life with "the organs". In 1999, Putin described communism as "a blind alley, far away from the mainstream of civilization".