|Net Worth:||$70 Billion|
|Date of Birth:||October 7, 1952 (71 years old)|
|Height:||5 ft 6 in (1.7 m)|
What is Vladimir Putin’s net worth? How does Vladimir Putin make his money? Below is the current net worth of Vladimir Putin and how Vladimir Putin makes his money.
What is Vladimir Putin’s Net Worth?
Vladimir Putin’s net worth is $70 billion dollars. Vladimir Putin is currently the President of Russia and is serving his second term which began in 2012. He has earned a very controversial international reputation.
Putin’s Secret Billion Dollar Fortune
Putin’s annual Presidential salary is $187,000 (5.8 million rubles). He reported an income of 3.6 million rubles ($113,000) in 2012.
Putin also claims to have a 16,000-square-foot plot of land in the Moscow suburbs, a few Russian-made automobiles, and a relatively meager net worth consisting of $180,000 in a savings account.
His ex-wife Lyudmila controls bank accounts totaling $260,000. They claimed their net worth is more than $500,000 in total.
During his reign, many Russian experts and insiders say that Putin has used his position to do a little more than improve life for the less privileged.
While many previously state-owned industries were privatized, Putin allegedly has used his authority to build a large secret ownership stake in commodity firms worth billions of dollars.
His most vocal critics claim that Putin has leveraged his position to acquire a 50% stake in Swiss oil trader Gunvor, a 37% stake in oil company Surgutneftegas, and a 4.5% ownership stake in natural gas producer Gazprom.
Gazprom alone does over $150 billion in revenue annually, Surgutneftegas over $20 billion, and Guvnor does $80 billion. Based on their recent market capitalizations, Vladimir Putin’s combined ownership stakes raise his personal net worth to $70 billion.
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