Vladimir Putin is president of Russian Federation. He is considered one of the most powerful person in the world heading a strong federation which has vast political, financial and military powers. Now let’s have a close look at Vladimir Putin’s net worth in 2018.
Vladimir Putin was born on 7th October 1952 in Leningrad, Russia. His father Vladimir Spiridonovich Putin was a conscript in the Soviet Navy and his mother Maria Ivanovna was a factory worker. His initial education was at a school in Baskov lane and St. Petersburg High School No.281 where he studied German. He graduated from St. Petersburg State University with Law. He married Lyudmila Putina in July 1983 and had two daughters. Their divorce was finalised in April 2014.
Vladimir Putin was a KGB foreign intelligence officer for 16 years. He rose to the rank of lieutenant when he retired in 1991. He entered politics in 1991 at St. Petersburg. In 1996 he joined President Boris Yeltsin’s administration in 1996 and got quick promotions.
In March 1997 he became Deputy Chief of presidential staff, and in July 1998 he was appointed Director of Federal Security Service, a successor to KGB.
He became acting President in 1999 when Yeltsin resigned.
In 2000 Presidential election he won with a comfortable margin. In 2004 he again won the presidential election with a decisive vote. In his initial tenure as a president, Vladimir Putin followed prudent economic and fiscal policies. The GDP of the country grew substantially. The rising oil and commodities prices contributed to the rising GDP.
In September 2004 hundreds died in Beslan School hostage crisis. Again, in the Moscow theatre hostage crisis, about 130 hostages died. Despite heavy loss of lives, Vladimir Putin popularity did not decline. In 2005 National priority projects were introduced to improve health care, agriculture, housing and education.
In 2008 Vladimir Putin could not run for presidential election as the rules did not provide for it. Dimitry Medvedev won the 2008 presidential elections, and he appointed Putin as Prime Minister. In 2011 the norms of the Presidential term were extended from four to six years. Vladimir Putin contested and won the presidential election in March 2014 with a comfortable margin. It was at a time when the country had to face fall in GDP due to falling oil prices and sanctions against Russia by several countries due to the country’s annexation of Crimea and military intervention in Eastern Ukraine.
In 2015 Russian forces were deployed in Syria to help Syria fight opposition forces of ISIS, Al Qaeda and Army of conquest groups. On the economic front, the Gas pipelines were built to supply gas to China, Japan and Korea.
In 2016 the country could beat the downward trend in its GDP to enable it to bounce back and overcome recession. In December 2017, Vladimir Putin announced his intention to contest for next presidential elections.
Award & Achievements
Some of the important civilian awards presented to Vladimir Putin are as follows:
In the year 2004- ‘Order of Golden Eagle’ presented by Kazakhstan-the country’s highest distinction.
In the year 2006- ‘Order of Sheikh-ul-Islam awarded for his role in the interfaith dialogue between Christians and Muslims.
In the year 2006 – ‘Legion d’ honours ‘presented by president Jacques Chirac the highest French decoration.
In February 2007- ‘Order of Abdulaziz al Saud ‘presented by King Abdullah of Saudi Arabia, the country’s highest civilian Award.
In September 2007- ‘Order of Zayed’ presented by Sheikh Khalifa, the country’s highest civilian Award.
In April 2010 – ‘Order of the liberator’ presented by president Hugo Chavez of Venezuela, the country’s highest distinction.
In July 2014- ‘Order of Jose Marti’ presented by president Raul Castro of Cuba, the country’s highest decoration.
In the year 2015 – ‘Angel of peace Medal’ presented by Pope Francis on Putin’s visit to the Vatican.
Net Worth of Vladimir Putin
Vladimir Putin’s net worth is estimated at $200 billion. From the year 2000 till date he is president of Russia except for a break in the year 2008. His presidential salary and perks and as believed by the Russian insiders, his stakes in many companies including oil and gas companies have added much to his fortune.
Vladimir Putin came from a family that was not well off. He had a difficult childhood, but he did reasonably well academically. He rose from the position of an Assistant to Rector of Leningrad State University to the highest post of President. He is one of the longest-serving President of Russia and a most powerful man in the world made possible by his focused hard work and keen faculties.