Vladimir Putin Net Worth: Political Career & Fortune
One of the most powerful people in the world, current president of Russia, and former intelligence officer Vladimir Putin has a net worth of a staggering $70 billion.
Putin is known for serving the position of both prime minister and president of Russia.
He served as the prime minister of Russia from 1999 to 2000 and again from 2008 to 2012.
Similarly, Putin previously held the presidency from 1999 to 2008 and has been serving the position since 2012.
He has not only served the position but worked really hard to achieve the overall growth of the country and also helped to get through the depression and financial crisis.
During his first presidential tenure, Russia’s economy grew for eight years with an increase in Gross Domestic Product by a whopping 72% and an increase in real income by a factor of 2.5.
Moreover, with his tactics, Mr. Putin led the country to victory in Second Chechen War.
Vladimir Putin | Quick Facts
|Full name||Vladimir Vladimirovich Putin|
|Date of birth||7 October 1952|
|Age||70 Years Old|
|Birthplace||Leningrad, Russian SFSR, Soviet Union|
|Education||FSB Academy, Saint Petersburg Mining University, Saint Petersburg State University|
|Father’s name||Vladimir Spiridonovich Putin|
|Mother’s name||Maria Ivanovna Shelomova|
|Height||5 feet and 6 inches, 168 cm, 1.68m|
|Weight||71 kg, 152 lbs.|
|Spouse||Lyudmila Aleksandrovna Ocheretnaya (m. 1983-2014)|
|Affairs/Girlfriends||Alina Kabayeva (Russian Gymnast 2008), Wendi Murdoch (Film Actress & Producer, Rumored 2016)|
|Children||At least 2, Maria and Katerina|
|Body Measurement||Not Available|
|Net Worth||$70 Billion|
|Siblings||Albert Putin, Viktor Putin|
|Profession||Politician, Intelligence Officer, Diplomat|
|Nickname||VVP, Vova, Volodya|
|Favorite Book||Sankya by Zakhar Prilepin|
|Favorite Music||The Beatles|
|Favorite Food||Pistachio ice-cream|
|Salary||$187,000 Per Year|
|Social Media||Not Available|
|Merchandise||Framed Portrait, Books|
|Last Update||March 2023|
Vladimir Putin Net Worth & Personal Wealth
Vladimir Putin’s Net Worth
Russian politician Vladimir Putin’s net worth is rumored to be a whopping $70 billion.
Even though he has denied his alleged wealth, according to some sources, he possesses a vast secret fortune.
If he actually possesses the alleged wealth, he tops the list of richest presidents in the world.
No one actually knows how much fortune the president and ex-prime minister of Russia actually has but some speculate that he is the wealthiest person on the planet.
Forbes has never been interested in the wealth of Putin because it cannot verify his financial assets.
Let’s forget his billion-dollar empire and focus straight on his salary as the president of Russia.
According to the sources, the President of Russia is bound to make 5.8 million rubles per year which works out to about $187,000 per year.
As per his official financial disclosures in 2012, he reported an income of $113,000 (3.6 million rubles).
Similarly, the disclosure also reported around $180,000 in saving accounts, 16,000 square feet of land in the Moscow suburbs, and few Russian automobiles.
All in all, Vladimir Putin’s net worth at the time was not more than $500,000.
Vladimir Putin’s Personal Wealth
Let’s say we all believe that he disclosed his finances in all honesty, but we cannot oversee the fact that he lives like royalty which cannot be justified considering his annual salary as president.
Though RIA has been trying to conceal the wealth of the president, according to Polygraph.info analysis CIA estimated Vladimir Putin’s net worth to be $40 billion in 2007, and so did the Russian analyst Stanislay Belkovsky.
However, the interesting thing is Putin’s finances and his involvement in any international companies have been concealed in such a way that his name does not appear in any of the records.
Nonetheless, in 2016 more than 11 million documents of Panamanian law firm Mossack Fonseca were leaked which included that Putin’s close associates own $2 billion worth of offshore companies.
Putin’s name has been linked to billionaire businessmen including Boris Rotenberg, Bank Rossiya, and Arkadya.
Similarly, it’s been speculated that he secretly shuffled $2 billion through shadow companies linked to these billionaires.
Furthermore, the trail also leads to Putin’s best friend Sergei Roldugin, whose net worth is around $100 million and possibly more. It’s been assumed that Roldugin is just a proxy to cover Putin’s name and his fortune.
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Vladimir Putin’s Net Worth in Different Currencies
Let’s check out Russian president Vladimir Putin’s net worth in some of the major currencies in the world.
|Euro||€ 61.19 Billion|
|Pound Sterling||£ 51.76 Billion|
|Australian Dollar||A$ 98.33 Billion|
|Canadian Dollar||C$ 88.89 Billion|
|Indian Rupee||₹ 5,227,435,500,000|
Vladimir Putin | Houses, Cars, Private Jets, Yachts & Watches
Putin’s official residence as a president of Russia is Moscow Kremlin.
However, his name has been linked to numerous other properties.
He spends most of his time outside of the city called Novo-Ogaryovo at a suburban government residence.
Reportedly, Putin has access to 20 different villas and palaces.
As mentioned before, Putin’s financial disclosure mentioned a modest real estate portfolio including a plot of land and a small apartment with a garage.
However, his secret mansion is said to have been built using illegal state funds. The epic mansion is worth around $1 billion, featuring a landing pad with room for four helicopters and a private theater.
The pictures of the mansion were leaked in 2011 when it was still under construction.
President Vladimir Putin has been spotted in several high-end automobiles.
As one of the most powerful people on the planet, he usually is chauffeured in a motorcade surrounded by secret service agents and armored vehicles.
The most used car in his motorcade includes Aurus Senat Limousine, worth $1.2 million.
Similarly, he has been spotted in cars such as Mercedes ML 500 worth $46,000, Lada Vesta Sedan worth $11,000, Gazelle Limousine worth $160,000, and Lada Niva 4X4 worth $25,000.
Private Jets & Yachts
Just like mansions, Putin has been alleged to own multiple private jets, yachts, and helicopters.
The president has been accused of owning at least 58 aircraft, including 19 seater Dassault Falcon.
One of his planes has a cabin fitted out by jewelers and a bathroom which cost around $100,000. In total, the cabin of the plane alone cost about $11 million.
Similarly, it can house up to 186 passengers, and Putin has five of these ultra-luxury aircraft.
Moreover, Putin has four luxury yachts, with each costing hundreds of thousands of dollars to maintain.
One of his yachts, Rossiya, reportedly cost $1.2 billion to upgrade in 2005.
His other yacht, The Graceful, has six bedrooms and sleeps 14 people.
Another of Putin’s yacht named Olympia was a gift from Chelsea football club owner Roman Abramovich.
The yacht is worth $35 million and is 57-meter long.
According to sources, Putin uses states money to run all his yachts.
Vladimir Putin takes pride in his appearance.
He loves luxury timepieces and owns more than 11 wristwatches from well-known brands.
His collection includes Lange & Söhne Tourbograph Perpetual ‘Pour Le Mérite worth around $500,000.
Similarly, in 2017 Patek Phillippe worth $1 million was auctioned which was said to be owned by Mr. Putin.
Moreover, Putin has even given away his wristwatches. He gave away five of his Blancpain watches to factory workers worth around $10,500 each.
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Vladimir Putin has to be one of the coolest presidents ever. He is a simple man and does not care about others’ opinions as far as we can see.
Putin’s public image is quite exceptional for a politician. He is pretty outdoorsy and has been famously shirtless on occasions. He has even been spotted trying out extreme and dangerous sports.
Let’s not forget his workouts.
Putin was seen working out with Russian Prime Minister Dimitri Medvedev in 2015.
During his workout session, he was seen wearing Loro Piana silk sweatpants which cost around $1,425, with a matching top making the whole outfit worth about $3,200 in total.
Putin is always seen in designer suits though the labels from his clothes are ripped off so that it does not catch the eyes of the media.
He also has a stylist who has been dressing him for more than a decade.
Putin prefers dour Valentino ties and bespoke suits over anything else.
In 2015 an article was published which stated that Putin prefers Kiton and Brioni suits which have a starting price of $5,500.
As for Putin’s personal life, he married Lyudmila Shkerbneva in 1983. The pair lived in Germany from 1985 to 1990.
Putin has two daughters. Putin’s divorce with his wife was finalized in 2014 though it was announced in 2013.
Vladimir Putin | Politics
Putin began his political career after serving 16 years in KGB (Government Agency). He went to 401 KGB school in Okhta, Leningrad.
After training, he was sent to Moscow at Yuri Andropov Red Banner Institute for further training in 1984.
He then served in Dresden, East Germany, from 1985 to 1990. His undercover identity at the time was of a translator.
In 1991 he resigned from the KGB.
After his former professor, Sobchak became the Mayor of Leningrad, Putin was appointed as head of the Mayor’s Office.
Following this, his political career kick-started. Putin was later appointed as Director of Federal Security Service in July of 1998.
He was first appointed as the PM of Russia in 1999 and the very next day he agreed to run for the presidency.
His first presidential tenure lasted from 2000-to 2008. Over the years, Mr. Putin has earned a rather arguable reputation.
His political image is sometimes criticized by other world leaders.
Vladimir Putin was born in Leningrad, Russian SFSR, the Soviet Union, on October 7, 1952.
Putin’s father was a conscript in the Soviet Navy, and his mother was a factory worker.
He was fond of martial arts as a child and began practicing Judo and Sambo at the age of twelve.
Also, he is a Judo black belt.
Putin is fluent in the German language as he studied German at Saint Petersburg High School.
After high school, Putin got into Leningrad State University and graduated with a Law degree in 1975.
Unknown Facts About Vladimir Putin
- Putin once captured a 46 lbs. pike.
- He is a friend of American actor and producer Steven Seagal.
- Putin has driven Formula One race car.
Who is the current prime minister of Russia?
The current prime minister of Russia is Mikhail Mishustin. He has been serving the position since 2020.
Is Putin popular in Russia?
According to a poll conducted in 2015, Putin was the most popular politician in the world.
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