1. Biography

Wait a minute. $70 billion would make Vladimir Putin richer than Warren Buffet. åÊIt would make him the 3rd richest person in the world! If $70 billion is a round number and the actual figure is more like 78.2 billion then he would indeed be the richest person in the world.

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2. Income & Salary

Vladimir Vladimirovich Putin was born on October 7, 1952 in Lenigrad Russia in the Soviet Union (now St. Petersburg). åÊPutin’s father was a conscript in the Navy and his mother worked in a factory. åÊLittle is known about Putin’s past other than it was likely humble.

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3. Estimated Net Worth

Putin started his career in the military and spent 16 years as an officer in the KGB eventually achieving the rank of Lieutenant Colonel. åÊDuring that time he was assigned to East Germany as part of Directorate S – the illegal intelligence gathering unit of the KGB. åÊHis job was to recruit assets in Dresden and send them undercover in the United States. åÊThat means Putin was a full on spy! åÊHowever, Putin at least downplays his spy career saying Dresden was a backwaters assignment that he dreaded. åÊAfter leaving the military, Putin entered politics as a member of Yeltsin’s administration and quickly rose through the ranks until on December 31, 1999 he became acting president. åÊSince then Putin has been some manifestation of Russia’s head of state either as President or as Prime Minister prompting some to call the form of government a tandemocracy.Putin’s actual net worth is a bit of a controversy. åÊIn public interviews he has out right denied claims of his opulent wealth. åÊIn fact he claims to make about $150,000 a year or so (in 2012 he claimed his income was $113,000). åÊHe or representatives claim that he owns an 833 square foot apartment in St. Petersburg, 2 1960’s era Volga M21 cars, some shares in a parking garage, and a 1500 square meter plot of land outside Moscow. åÊPretty humble. åÊAlmost too humble, pointed out one political opponent, noticing the 11 different luxury watches Putin has been seen wearing valued at approximately $700,000.Other, unofficial reports and independent new sources claims he owns a bit more than a few shares in a parking garage. åÊIn fact they claim that he owns 58 aircraft, 4 yachts, about 20 villas and 9 palaces, a 4.5% shareåÊgas and oil company Gasprom, aåÊ37% share of oil supplier Surgutneftegas, and a 75% share of equity in oil trader Gunvor. åÊNot too shabby. åÊGranted many of the homes that Putin is allowed to stay in are official residences of the current head of state. åÊUnder Putin’s 12 years in power 20 villas and 9 palaces have been built. åÊThe US by comparison has 2 official residences for the Commander in Chief, but we are a net worth blog and not counting! åÊOf his homes the most extravagant is the 8 million square foot mountainside home overlooking the Black Sea in what some claim is a massive illegal use of state funds to the tune of $1 billion dollars. åÊAgain, we are not counting. åÊDetails about the palace are scarce but doing the math Michael Jordan’s Chicago residence has 15 bathrooms and is 56,000 square feet. åÊThat works out to 1 bathroom every 3,733 square feet of space. åÊSo at 8 million square feet we can work out that Putin’s palace has 2,143 bathrooms. åÊWhat! Even if it has only 1 bathroom for every 5,000 square feet of space it would end up having 1,600 bathrooms. åÊIt is quite possible that a new different constitution and/or a secret door was built in Putin’s official 833 square foot apartment that,with all his wealth has bat cave entrances into his 29 other homes that are, just…uh, connected , and don’t really count. åÊNo matter which side is true, Forbes does not list the politician on their list.

How much is Vladimir Putin’s Net Worth? $70 Million Billion!