Boris Yeltsin Net Worth

Net Worth:$2 Million
Date of Birth: February 1, 1931 - January 1, 1970 (93 years old)
Nationality:Soviet (1931-1991), Russian

What is Boris Yeltsin’s net worth? How does Boris Yeltsin make his money? Below is the current net worth of Boris Yeltsin and how Boris Yeltsin makes his money.

What is Boris Yeltsin’s Net Worth?

Boris Yeltsin was a Russian politician who had a net worth of $2 million before he died in 2007. Russia’s first president was Boris Yeltsin who is notable for the changes he made in the Russian economy.

Early Life

On February 1, 1931, Yeltsin was born in Butka, Ural Oblast. He was raised in a place called Kazan Tatar. He came from a poor background.

His father named Nikolai Yeltsin was hostile to Yeltsin, his mother, and his siblings his mother’s name was Klavdiya Vasilyevna. His father’s hostility and brutality towards them made Yeltsin distance himself from him.

For his education, the young Yeltsin started out his education at Pushkin High School. He later proceeded to the Ural Polytechnic Institute and studied Industrial and Civil Engineering and completed his program in the year 1955.

He performed excellently in school. As a civil engineer, he worked at the Lowest Iset Construction Directorate and on several other construction projects as well. In the year 1961, he became a member of the Communist Party.

Political Career

Yeltsin became a regular worker at the Communist Party in 1968. He was the very first secretary of the Sverdlovsk Oblast Committee in 1976.

Yeltsin had acquaintances with Mikhail Gorbachev who was a worker in the city of Stavropol government In 1985, Gorbachev was the leader of Russia and chose Yeltsin as an officer to eradicate corruption in the country.

Over time, his acquaintances with Gorbachev went cold. Yeltsin criticized Gorbachev’s incompetency in running the affairs of the city. In the year 1987, tendered his resignation from Moscow Party.

He later ascended to a higher position and became the deputy minister for construction. Yeltsin was loved by a greater number of Russians because of his significant impact on the Russian economy. Yeltsin Boris won a seat in the Union of Soviet Socialist Republic Congress of Peoples Deputy in the year 1989.

The next year he was elected as the Chairman of the Supreme Soviet Russian Soviet Federation Socialist Republic by the parliament of the Russian S.F.S.R. Gorbachev was not in support of Yeltsin Boris being elected as the chairman but his objection was rolled over by other members of the parliament.

Yeltsin won the Russian presidential election in 1991, he defeated all his opponents including Gorbachev’s portrayed candidate.

Some months later a coup was planned against Gorbachev. Gorbachev’s political career was ruined. Yeltsin seized this opportunity and took charge of the ministries. Yeltsin convinced Gorbachev and together they both dissolve the Soviet Union.

The following day Gorbachev tendered his resignation and Yeltsin Boris took over and the Republican of Russia was created. Yeltsin Boris transformed the Russian economy he signed a pact with United States President George W. Bush to end the Cold War.

After some time, his administration went soar they were increments in the taxes paid by the citizens, the welfare expenditure programs by the government were minimized and the cost of living increased drastically.

Over time, economists made an analysis of the disaster as worse than the Great Depression. A greater number of people in the country were thrown into abject poverty and penury.

Russians started revolting in 1993, over the uncomfortable condition of the economy. In 1994, Yeltsin instigated the military attack on Chechnya. He later declared his intentions of standing for the election in 1996 and pledge to make positive changes in the economy.  A run-off election was conducted and eventually, he won.

He sacked Sergei Stepashin his Prime Minister and appointed Vladimir Putin. He stayed only two years in office in his second term. He lost the support of his subjects. in 1999, Yeltsin officially tendered his resignation from office.

Personal Life

Yeltsin Boris got married to Naina Girina. They both had two female children together. Their first daughter was named Yelena and was born in 1957, while their second daughter Tatyana was born in 1960.

Yeltsin died of congestive heart failure in April of 2007 at the age of 76. The day of his funeral was declared a national day of mourning.

In April 2007, Yeltsin Boris died at the age of 76 due to cardiac failure. For his burial, The Republic of Russia made him honored him by setting a national day for his burial.

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