Vladimir Putin’s Net Worth in 2022

Vladimir is a Russian politician and is currently the longtime president of Russia. He has been serving as the president since 2012, and previously from 1999 to 2008. Other than his current position, he also served as the Prime Minister of Russia, Secretary of the Security Council, and the Director of the Federal Security Service. He was also a member of the KGB, the main security agency of the Soviet Union, from 1975 until 1991 when he resigned to begin a political career. Many experts labeled his leadership as an authoritarian because of the numerous issues such as the jailing and repression of political enemies and the suppression of the free press. Needless to say, his reign in Russia is considered to be controversial. However, in this article, we will be talking about Vladimir Putin’s net worth in 2022.

Vladimir Putin’s net worth in 2022 (estimate): $70 billion

Vladimir Putin’s net worth in 2022 is estimated to be at a whopping $70 billion. This is agreed upon by multiple reputable sources such as Celebrity Net Worth.

Vladimir Vladimirovich Putin was born on October 7, 1952, in Leningrad, Russian SFFR, Soviet Union (now known as St. Petersburg, Russia). He is the youngest of three children of Vladimir Spiridonovich Putin and Maria Ivanova Putina. His grandfather, Spiridon Putin, was a personal cook to Vladimir Lenin and Joseph Stalin.

He started school at School No. 193 at Baskov Lane. Putin was one of the few in his class of 45 students who were not part of the Young Pioneer Organization, a mass youth organization of the Soviet Union for children ages 9 to 15. At the age of 12 years old, he was already practicing judo and sambo.

In his free time, Putin liked to read the work of Marx, Engels, and Lenin. He speaks German as his 2^nd language after he studied it at Saint Petersburg High School 281.

In 1970, Vladimir Putin studied law at the Leningrad State University (now known as Saint Petersburg State University) and he graduated in 1975. During his time at the university, he was required to join the Communist Party of the Soviet Union and remained a member until it was outlawed in 1991.

He then joined the KGB in 1975 and trained at the 401^st KGB school in Okhta, Leningrad. In 1984, he was sent to Moscow to further his training at the Yuri Andropov Red Banner Institute. From 1985 to 1990, he served in Dresden, East Germany, where he had a cover identity as a translator.

In May 1990, Vladimir Putin became the advisor on international affairs for the Mayor of Leningrad Anatoly Sobchak. On June 28, 1991, he became the head of the Committee for External Relations of the Mayor’s Office and he had the responsibility of promoting international relations and foreign investments. On August 20, 1991, resigned from the KGB with the rank of Lieutenant Colonel. This came after the 1991 Soviet coup d'état attempt to overthrow Soviet President Mikhail Gorbachev.

On top of his work with Mayor Sobchak, he was also appointed the First Deputy Chairman of the Government of Saint Petersburg in March 1994. In May 1995, he organized the Saint Petersburg branch of the pro-government Our Home – Russia political party, the liberal party of power. In the same year, he managed the legislative election campaign for the said party — he was the leader of its Saint Petersburg branch from 1995 to 1991.

Vladimir Putin held multiple positions from 1996 to 1999 that helped him get closer to the presidency. On August 9, 1999, he was appointed to one of the three First Deputy Prime Ministers and the acting Prime Minister of the Government of the Russian Federation by President Yeltsin — whom he stated that he wanted Putin to be his successor.

On December 31, 1999, Yeltsin unexpectedly resigned and Putin became acting president according to the Constitution of Russia. The first Presidential Decree that he signed was titled “On guarantees for the former president of the Russian Federation and the members of his family”, which basically ensured that the corruption charges of Yeltsin and his relatives will be dropped.

The elections were supposed to be held in June 2000. However, Yeltsin’s sudden resignation resulted in the presidential elections to be held on March 26, 2000. Vladimir Putin won in the first round with 53% of the votes. His inauguration took place on May 7, 2000.

He served his first term from 2000 to 2004. On March 14, 2004, Vladimir Putin was re-elected for his 2^nd term after receiving 71% of the vote. He held this position until 2008. He was not allowed to run for a third term by the Russian Constitution. Putin’s First Deputy Prime Minister, Dmitry Medvedev, was elected as his successor. A day after Medvedev’s election, he swiftly named Vladimir Putin as the Prime Minister of Russia.

During this time, Putin stated that the reason for his second stint as the Prime Minister is to overcome the consequences of the world economic crisis and stabilize the size of the Russian population.

After the parliamentary elections on December 4, 2011, thousands of Russians protested against the alleged electoral fraud wherein Putin was said to have organized a number of parliamentary groups that are loyal to him to the United Russia party between 2005 and 2012.

Despite widespread accusations of vote-rigging, Vladimir Putin won the 2012 elections on March 4, 2012, with 63.6% of the vote. Prior to his inauguration, around 8,000 to 20,000 people gathered in Moscow on May 6 to protest his win wherein 8 people were injured in their encounter with the police and 450 were arrested.

A counter-protest attempt by Putin supporters of 130,000 people gathered at the Luzhniki Stadium, Russia’s largest stadium. However, some of the attendees claimed that they were paid to come, forced by their employers, or were misled into believing that they were attending a folk festival.

During the 2016 and 2020 U.S.A Presidential Elections, news emerged claiming that Putin and the Russian government attempted to influence the elections in favor of Donald Trump.

In the 2018 Russian presidential election, Vladimir Putin won with more than 76% of the vote. His 4^th term began on May 7, 2018, and he will hold the position until 2024.

When the COVID-19 pandemic hit Russia, Putin announced a list of measures in order to help small and medium-sized enterprises as they were encouraged to stay home for weeks. The measures include deferring tax payments for the next 6 months, cutting the social security contributions in half, deferring social security contributions, deferring loan payments for the next six months, and a six-month moratorium on fines, debt collection, among others.

On July 3, 2020, Vladimir Putin inserted amendments to the constitution, allowing him to run for two more six-year terms. On December 22, 2020, he signed a bill giving lifetime prosecutorial immunity to Russian ex-presidents.

On February 24, 2022, Vladimir Putin announced in a televised address that Russia will hold a “special military operation” in Ukraine, launching a full-scale invasion of Ukraine. Multiple sanctions were given to Russia and Putin personally as a response to his actions.

In the sporting world, the UEFA Champions League Finals — which was set to be held in Saint Petersburg — will now be moved to a different location due to Russia’s action. Russia also hosted the 2018 FIFA World Cup. FIFA also announced that they are banning Russia from qualifying for the 2022 FIFA World Cup.

Much is left to be said about Vladimir Putin’s reign in Russia. His time as their leader raised a lot of issues spanning from political to humanitarian problems. Needless to say, his name is infamous throughout the world.

With all of that being said, were you surprised about Vladimir Putin’s net worth in 2022?