| Net worth: | $70 Billion |
| Salary: | $187 Thousand per Year |
| Date of birth: | Oct 7, 1952 (69 Years Old) |
| Gender: | Male |
| Height: | 5 ft 6in (1.7 m). |
| Profession: | Politician |
| Nationality: | Russia |
What’s Vladimir Putin’s Net Worth in 2018?
Vladimir Putin, a Russian politician, has a net worth in excess of $70 billion. His controversial international reputation has been earned over his long career. He served as President and Prime Minister of Russia. His second term, which began in 2012, is his second as President of Russia.
His former professor, Sobchak became the Mayor of Leningrad and Putin was named head of the Committee for External Relations of the Mayor’s Office. He continued his political career by occupying various governmental and political positions. Boris Yeltsin, the then-President of Russia, appointed Putin to be the Director of the Federal Security Service (FSB) in July 1998. This is the successor of the KGB and primary intelligence and security agency of the Russian Federation.
Yeltsin appointed him as acting Prime Minister for the Russian Federation on August 9, 1999. Later that day, Putin accepted to run for the presidency. Yeltsin expressed his desire to have Putin succeed him. His first Presidential term was from 2000 to 2008. From 1999 to 2000, Putin served as Russia’s Prime Minister. He was again in office from 2008 to 2012. Putin’s reputation has been controversial over the years. His handling of foreign policy and human rights issues is often criticized by world leaders and experts. Many westerners consider the conditions in which Putin has been allowed to continue his office in Russia “undemocratic.” Despite this, Putin is still a popular figure among Russians since 1999 when he was elected President after Boris Yeltsin’s surprise resignation.
Vladimir Putin’s Secret Billion-Dollar Fortune
According to official disclosures, Putin’s annual presidential salary is $187,000 (5.8 millions rubles). He reported an income in 2012 of 3.6 million rubles ($113,000). Putin claims to have $180,000 in savings, a few Russian-made cars and a 16,000 sq. foot plot of land in Moscow suburbs. Lyudmila, Putin’s ex-wife, has $260,000 in bank accounts. Their net worth was less than $500,000.
Many Russian experts and insiders believe that Putin used his power during his reign to improve the lives of ordinary Russian citizens. Putin is alleged to have used his secret ownership rights to acquire large, secret stakes in several multi-billion-dollar commodity companies. Some of his most vocal critics claim that Putin used his power to buy a 4.5% stake in Gazprom, an oil company Surgutneftegas, and a 50% stake in Gunvor, the Swiss oil-trader. Gazprom alone generates over $150 billion annually. Guvnor earns $80 billion, Surgutneftegas more than $20 billion. Putin’s total ownership stakes, based on their most recent market capitalizations would amount to $70 billion.
Personal Life and Public Image
Lyudmila Shkrebneva, Putin’s wife, was married to him on July 28, 1983. From 1985 to 1990, they lived in East Germany where their daughter Yekaterina Vladimira was born. Mariya Putina was their other daughter. She was born in Leningrad. In June 2013, they announced their separation and it was confirmed in April 2014.
His public image, which is quite unique for a politician due to his “macho” outdoory image, is quite remarkable. He is known for being shirtless at times and engaging in dangerous and extreme activities. His “Putinisms”, which are aphorisms that stem from his unique Russian language use, are also well-known. They are similar to George W. Bush’s malapropisms in the United States. Larry King, an American journalist, asked Putin about the fate of a Russian submarine that was destroyed in an explosion. Putin replied simply that she “sank”.