How much is Dmitry Medvedev worth?
The estimated net worth of Russian politician Dmitry Medvedev is $2 million. Dmitry Medvedev is the vice chairman of the Russian Security Council, a position he has held since 2020. Prior to this, he served as president of Russia from 2008 to 2012, followed by prime minister from 2012 to 2020 under the administration of president Vladimir Putin. As president, Medvedev led an effort to modernize Russia’s economy while decreasing its reliance on natural gas and oil.
Anatoly Sobchak was the mayor of St. Petersburg when Medvedev began his political career as his campaign manager and later as an advisor. During this time, Medvedev became close with Vladimir Putin.
Alleged Corruption and Wealth
Alexei Navalny, a Russian dissident, has accused Dmitry Medvedev of being significantly wealthier than his publicly disclosed financial reports indicate. In 2016, Navalny published a report alleging that Medvedev secretly possessed a 200-acre estate with three helipads, multiple pools, a ski run, and multiple structures.
The following year, Navalny and his Anti-Corruptin Foundation released a second report in which they alleged that Medvedev and members of his immediate family owned over $1 billion worth of real estate, yachts, apartments, and wine. According to the report, these assets were given to Medvedev by various oligarchs or obtained through extremely advantageous loans from state-owned banks. In Russia, the report sparked outrage. Medvedev referred to the accusations as “nonsense.”
Childhood and Education
The only child of Yulia, a professor at Herzen State Pedagogical University, and Anatoly, a chemical engineer and professor at Leningrad State Institute of Technology, Dmitry Medvedev was born on September 14, 1965 in Leningrad, Soviet Union. As a child, Medvedev displayed a great deal of intellectual curiosity. At the age of 17, he began studying law at Leningrad State University. Subsequently, Medvedev pursued graduate studies at the institution.
One of Medvedev’s professors at Leningrad State University was the politician Anatoly Sobchak. After earning his bachelor’s degree in 1987, Medvedev joined Sobchak’s successful campaign for a seat in the newly formed Soviet parliament. Following this, Medvedev became a docent at his alma mater, which was renamed Saint Petersburg State University. He also worked at a small law consultancy firm that he and his friends had founded.
After Sobchak was elected mayor of St. Petersburg in 1991, Medvedev joined the Committee on Foreign Affairs at City Hall, which was led by Sobchak’s former student Vladimir Putin. Two years later, Medvedev became the director of legal affairs for St. Petersburg-based Ilim Pulp Enterprise.
Career in Central Government
Vladimir Putin became the prime minister of Russia in 1999; shortly thereafter, Medvedev was recruited from St. Petersburg to serve as the deputy chief of staff to the president. As one of the closest politicians to Putin, he was Putin’s campaign manager during the 2000 presidential elections. Medvedev was appointed chairman of the board of directors of the gas company Gazprom after Putin’s victory. He then served as vice chairman from 2001 to 2002 before returning to the chairmanship from 2002 to 2008. During this time, Medvedev served as chief of staff to the president and then as Russia’s first deputy prime minister.
President of the Russian Federation
Putin designated Medvedev as his preferred successor at the end of 2007. During his campaign for the presidency, Medvedev pledged to increase funding for National Priority Projects, lead efforts to modernize the Russian economy, and reduce government corruption. In March 2008, he was ultimately elected president. He appointed Putin as prime minister, as promised. Russia praised Medvedev early in his presidency for his handling of the Russo-Georgian War. He was also praised for his handling of the Great Recession’s economic crisis. Regarding the economy, he launched his modernization program to diversify the economy and lessen Russia’s dependence on oil and gas. On Medvedev’s agenda were also police reform and anti-corruption measures, despite the fact that he himself was accused of corruption.
At the end of his first term, Medvedev recommended Putin to the United Russia party congress as a presidential candidate. Although term limits had forced Putin to step down in 2008, the two men had reached an agreement that would allow him to return to the presidency.
Vladimir Vladimirovich Putin is the Prime Minister of Russia
In May of 2012, following Putin’s reelection as president, Medvedev was appointed as the new prime minister. He was also appointed as the leader of the ruling party, United Russia, making him the first prime minister to have a political affiliation. Putin subsequently nominated Medvedev for a second term in 2018. In response to the new retirement age increase, mass protests were held throughout Russia during this time period.
Medvedev and the rest of the Cabinet resigned in January of 2020 in response to Putin’s announcement of extensive constitutional amendments. He stated that he resigned to allow Putin to implement the changes, which would significantly reconfigure Russia’s power balance. After this, Medvedev was appointed vice chairman of the Russian Security Council.
Personal Life and Property
In 1993, Medvedev wed Svetlana Linnik, his high school sweetheart. They have a son together named Ilya. Medvedev collects original vinyl records and enjoys listening to classic British rock as one of his many hobbies. He also enjoys swimming, jogging, playing chess, and photography. In 2010, one of his photographs sold for approximately $1.75 million at a charity auction.
In Moscow, Medvedev resides with his wife in an upscale apartment. As mentioned earlier in the article, Medvedev is rumored to be the owner of a vast array of mansions, wineries, and other properties that he acquired through corrupt political dealings. Alexei Navalny, the leader of the opposition, revealed in a 2016 report that Medvedev owns a vast summer estate with a skin run, a swimming pool, multiple helipads, communication towers, and even a house for ducks. According to reports, the area is thirty times larger than Moscow’s Red Square.
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