Vladimir Putin's Net Worth in 2015

Discussion in 'Business & Economics' started by Joaquin, Jul 4, 2015.

  1. Joaquin Sleuth Registered Senior Member

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    Based upon rumors, Vladimir Putin’s net worth may actually be higher than Bill Gates, making Russia’s leader the richest man in the world. But the Russian leader’s salary was recently reduced, and Putin claims he barely pays attention to his own income, so who is telling the truth?

    In a related report by the Inquisitr, Ukraine’s leader Petro Poroshenko claims Vladimir Putin’s enemy Boris Nemtsov died before proving the Russian leader had indeed sent Russian troops into Ukraine. Recently, two men were detained by Russia’s Federal Security Service as part of the Nemtsov murder investigation.

    The Russian economy has been in the tank largely due to the confrontation over Ukraine, but with the fall of oil prices Russia’s GDP is expected to shrink by five percent whereas previously it was expected to grow by several percent. The Russian ruble has already dropped 40 percent in comparison to the U.S. dollar, so the average Russian citizen suddenly had their purchasing power slashed almost in half.

    The Russian government has responded to this plight by cutting Vladimir Putin’s salary in addition to the salaries for the prime minister, prosecutor general, and the head of investigative committee. A similar pay cut will occur on May 1 for Russia’s Cabinet and Kremlin officials. Russia’s spending cuts will not affect their military spending at all, and Russia’s nuclear weapons arsenal will continue to be upgraded as previously planned.

    Officially, Vladimir Putin’s net worth is thought to be around $70 billion according to Forbes, which makes the Russian the second-richest man in the world since Bill Gates’ net worth is $79.3 billion in 2015. Putin’s salary was previously nine million rubles, or $145,000, per year, whereas U.S. President Barack Obama earns $400,000 per year. At the same time, the average salary in Russia is estimated at $17,230, while the U.S. median household income was $51,939 in 2013.

    Keep in mind it’s difficult to pin the relative value due to the unstable price of the ruble, but based upon Putin’s comments in December, he supposedly won’t even notice.

    “Frankly, I don’t even know my own salary — they just give it to me, and I put it away in my account.”


    Unofficially, Russian writer Stanislav Belkovsky claims Vladimir Putin’s net worth may be as high as $200 billion, which is difficult to ascertain since wealth can be hidden via shell companies and offshore accounts. Due to this possibility, rumors claim Putin may own much more, yet the Russian leader seems to believe he’s earned it.

    As for my personal perception, I am not ashamed before the citizens who voted for me,” Putin said back in 2008 according to Value Walk. “All these eight years I worked like a galley slave, to spare no effort. I am happy with the results.”
    Due to this particular quote, Boris Nemtsov published a report called “The Life of a Galley Slave,” which claimed that Putin owns 20 homes, 58 aircraft — including jets, and many cars, planes, boats, and so on. Officially, Putin only owns two apartments, two cars, and one garage. When relating Vladimir Putin’s net worth, Nemtsov said according to the Telegraph that Putin “can be compared with that of the monarchs of the Persian Gulf or the most outrageous oligarchs.”

    In the end, a true estimate of Vladimir Putin’s net worth is almost impossible, although it’s possible Bill Gates is unofficially second place. The $200 billion figure is probably an extremely high mark since these estimates are largely based upon Putin’s ownership of 37 percent of oil company Surgutneftegaz, 4.5 percent of Gazprom, and “at least” 75 percent of Gunvor. Since these companies rely on oil prices, it’s possible Putin’s net worth has taken a beating in recent years.
     
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  3. cosmictraveler Be kind to yourself always. Valued Senior Member

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    Money and wealth doesn't make anyone respectable, it is what they do to and for others that show who they really are. Mr. Putin shot down a civilian airliner and killed those on board. He also invaded the Ukraine and has killed thousands there. Do you think that he is such a good person knowing this? You seem to place material things as a barometer to a persons ability to who and what they are, that shouldn't be.
     
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  5. Joaquin Sleuth Registered Senior Member

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    Power is usually equated with wealth, though. It's just interesting as to how he may be the richest man in the world but perhaps by stealing money through multiple resources. Which is something the old powerful families did. It's nothing different.


    Power is usually built on wealth in modern society. America has had many incidents in history which are as bad as what Putin may have done. There's still no real proof he did it as the information given is only observed by the western media, and purported from their own perspective.


    America and Russia. I'm not sure which one is the lesser of two evils. The same could be said about the United Kingdom. You go to one end and the other may be the same but more convoluted, harder and more complicated a system.

    I do not hate America, Russia, or the United Kingdom. But, I try to keep an open mind. What is portrayed in the media is never the whole truth.


    You have the CIA, Mossad, KGB, MI5...etc... There's not much difference between them. Corruption is just a part of the setup.
     
    Last edited: Jul 4, 2015
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  7. joepistole Deacon Blues Valued Senior Member

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    Then perhaps you can point out a few of them?
     
  8. cosmictraveler Be kind to yourself always. Valued Senior Member

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    The greatest person is the one with the most flexibility.
     
  9. Joaquin Sleuth Registered Senior Member

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    The governments america has ovethrown?

    The one's they didn't oust. Millions of people killed in the process.

    Umm... The war on terrorism for oil killing many innocent men, women and children?
    There's many events and i don't believe everything told in the american/uk media. A lot of it is a whole lot of half truths so i will disregard it.


    Putin may be a crook, and that may be distinctively obvious to some. But, I won't jump on the bandwagon and say this happened actually as i'm being told in the media. The russian media is really not much different to the uk/us media.

    Where it's catered to be biased toward their own people.


    I do think there's a general distain for the USA on Russia's part, and perhaps there always will be.

    Putin might think he doesn't want America poking their noses around the situation in Ukraine. Which seems obvious.


    Both governments are not on the people's side, though. It's just some will consider on one side that america is the lesser of two evils.


    The same with the United Kingdom. The government is not united with the people as that's not how economies can be built. It's hidden in plain sight but no conspiracy whatsoever.


    If anything the USA's government is more for the people than the United Kingdom could ever wish it could be in terms of progressive movement in the job market. Although, I guess it's all arguable and is just opinion based. Statistics sort of suggest things are going in a positive direction in comparison with the UK it seems.


    Barack Obama seems like a modern day saint in comparison to David Cameron.
     
    Last edited: Jul 4, 2015
  10. cosmictraveler Be kind to yourself always. Valued Senior Member

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    Thank Mr. Putin for having his only true advisory assassinated last year a few feet from the Kremlin, or did you forget about that?
     
  11. Joaquin Sleuth Registered Senior Member

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    You assume because i made a post on Vladimir Putin that i think he's some honourable, respectable man. A false assumption based on your inner-dislike for Vladimir Putin.


    Did you forget about all the governments overthrown and deaths caused by the US government?


    The USA are as bad as Russia. I think you're targeting your opinion on one man rather than a unit of people.


    Also, the information the western media has on Ukraine is very limited in comparison to what is actually going on, and what may be driving the situation. Which is hidden away in 90 page documents with convoluted distorted information which you need a fine comb to go through.
     
    Last edited: Jul 5, 2015
  12. cosmictraveler Be kind to yourself always. Valued Senior Member

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    I just report the facts to all for everyone must make up their own minds about Mr. Putin. I'd think assassinating your only opponent is something only Mr. Putin has done and not an American President.
     
  13. Joaquin Sleuth Registered Senior Member

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    Is this your way of trying to bash a person for criticizing America? America criticizes Russia, or a person who leads Russia. When there's problems which lie at home they do not address. So then essentially they'd rather put those problems under the carpet and go nosing in other people's business. It's ego and a control issue at the core. And the agenda is not straight forward. The facts you may think you have may not be 100 percent fact like you seem to think.

    You've assumed i think Putin is some great person, though. Which is quite weird because nowhere did i imply he is. But, I don't think any US president close to this era are angels, either. The saem goes for the UK. Awful governments to pick on the vulnerable, sick and the poor.


    Nowhere did i state Putin was a good person, or did i imply he was a good person because he's not. The thing is Obama is no angel but i agree he is a modern day saint in comparison to Putin.


    Only Mr. Putin has asassinated their only opponent?

    Are you really sure about that?


    In all of history?... Only Putin... Ok...

    You seem to over-analyze the importance of one man leading a country when there's many other variables involved. It's an easy scapegoat to put all your eggs in one basket wihile disregarding the others.
     
  14. Joaquin Sleuth Registered Senior Member

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    Ok.. I'm quitting the forum .


    All the best.
     
  15. cosmictraveler Be kind to yourself always. Valued Senior Member

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    I'm ONLY TELLING YOU WHAT mR. pUTIN HAS DONE. dID HE GET HIS WEALTH FROM STEALING IT, I DON'T KNOW BUT I DO KNOW WHAT HE HAS DONE AND IF YOU THINK THAT IS BEING CRITICLE OF HIM SO BE IT. I'm ONLY BRINGING TO LIGHT WHAT HE HAS DONE NOT OTHER CZARS, PREDSIDENTS OR DICTATORS.
     

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