Putin : first russian fortune

Discussion in 'Politics, Religion, Social Issues' started by juanm, Dec 21, 2007.

  1. juanm macrumors 65816

    juanm

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    #1
    According to Die Welt, and The Guardian, Putin's fortune would be up to $40Bn, making him one of of the world's ten richest and the richest man in Russia. (or is it "world's richest ten"? Anyone?)

    I cannot say I'm suprised, but I didn't imagine it would be so much.
     
  2. Swarmlord macrumors 6502a

    Swarmlord

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    #2
    Who knew that communism could make one so successful? Das is gut, comrade!
     
  3. skunk macrumors G4

    skunk

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    #3
    Putin is not a Communist, nor is he German. 0/2 for relevance. :rolleyes:
     
  4. Swarmlord macrumors 6502a

    Swarmlord

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    #4
    OMG, eat some bran for God's sake. Putin is Russian through and through and was communist enough during every regime that existed there to rise to the top of the pile. Sorry that his adherence to pure communism isn't pure enough for you. He's a Red. That better?

    Yes, I know I used a German phrase instead of Russian. Sorry that the humor was lost on you.
     
  5. Brianstorm91 macrumors 65816

    Brianstorm91

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  6. Dont Hurt Me macrumors 603

    Dont Hurt Me

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    Putin isnt a communist? thats new to me.
     
  7. miloblithe macrumors 68020

    miloblithe

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    #7
    How do you define the term "communist"? If it's just some kind of childish pejoritive (like "Red"), I guess you're correct enough in your usage.
     
  8. Swarmlord macrumors 6502a

    Swarmlord

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    #8
    According to the self proclaimed communists and socialists here, the governments that claim they are communists aren't true communists. In their minds communism fails because it just hasn't been done right yet.

    As far as I'm concerned Putin and the whole bunch of them aren't much better than the Stalins and Breznefs (sp?) before them.
     
  9. skunk macrumors G4

    skunk

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    #9
    Must have missed that. Anyone we know?
     
  10. miloblithe macrumors 68020

    miloblithe

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    #10
    Well, realistically, Putin hasn't reinstated the camps system or been complicit in famines to achieve collectivization goals, etc. like Stalin. That doesn't mean you're likely to find too many Putin defenders here. On the other hand, if you go to Russia, you will. He is actually quite popular. The teachers in the Siberian town where I worked certainly like that their salaries aren't six months in arrears as they were under Yeltsin. Young Russians like that they live in a country with a sense of restored "national pride," meaning they like that Putin stands up to the US and Russia asserts its interests internationally. Almost all Russians are probably happy that there's been no repeat of the collapse of the Ruble in 1998 (well, actually, I imagine there are a lot of exporters of things other than oil who aren't too happy with the Ruble's strength).

    Understanding why Putin is popular is probably a more worthwhile exercise than branding him to be like someone who he is certainly like in some ways, but very much unlike in others.
     
  11. Swarmlord macrumors 6502a

    Swarmlord

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    #11
    Still trying to figure out how a guy - even one at the top - can accumulate that large of a nest egg under the type of government they have there. I wonder how many people of "means" it takes to support a guy of his "needs".
     
  12. mactastic macrumors 68040

    mactastic

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    #12
    Russia is not a communist state these days. I don't know if you've noticed, but it's not 1980 anymore. "The type of government they have there" is in many respects similar to "the type of government we have over here". They both follow the golden rule: He who has the gold makes the rules.
     
  13. miloblithe macrumors 68020

    miloblithe

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    #13
    His wealth is tied into stakes, from what I've read, of mostly state-owned industries. To some degree, I think that like a lot of the super wealthy in Russia, he's simply been assigned wealth. Obviously the exact mechanisms are no doubt much more complicated, but I think that's the gist of it.

    But your question about who is really supporting him is really what's so interesting. Putin seems to have the support of most of the diverse factions of patronage networks. That's his real power and strength. Obviously, the popular vote in Russia is a secondary issue. In this sense, modern Russia is very much like the Soviet Union, and if United Russia continues on its apparent path, it's going to get even more like the Soviet Union.

    That doesn't make them communists, however. :)
     
  14. Iscariot macrumors 68030

    Iscariot

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    #14
    Wise investments?
     
  15. pseudobrit macrumors 68040

    pseudobrit

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    #15
    What pure ****. Seriously, grow up.
     
  16. Brianstorm91 macrumors 65816

    Brianstorm91

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    #16
    Undoubtedly by wise you mean illegal or downright criminal?
    ;)
     
  17. Queso macrumors G4

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    #17
    You mean a pseudo-democracy where the rich elite effectively run the show? Sounds pretty much like much of the Western world to me. As to how he got all that money, how about you actually read up on the carving up of the old Soviet state industries? If you were enough of a bastard at the right time, you couldn't help but make billions.
     
  18. mpw Guest

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    #18
    Him and his accountant probably, almost certainly not some journalist in my opinion.
    How large, the journalist doesn't know, he's making an estimate which could be out by a huge margin.
    He could just mean wise. Lots of people have made money by wise investment.
    Fixed?
     
  19. juanm thread starter macrumors 65816

    juanm

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    #19
    Yeah, Putin is well known for being a wise man. Most economic books and gurus cite him as russian Buffet. Actually, it's said he made this fortune before he was 30, but hid the fact because he's so modest, and because it'd hurt his public image and give ground to his oppositors, and of course, it would be bad for the country if he stopped being president. That's why he couldn't say a word about that and instead declared he only had around 150000$, a flat and two thirty years old cars. It's widely known that Putin is a good man and that he lives only for the benefit of Russia. That's why he stays as the prime minister. :rolleyes:

    Oh, and Swarmlord, do you really think Russia is still communist? Or was it just because you felt the need to say something, anything? What they have now is capitalism mixed with liberalism in an almost privately owned country... Or do you think because I'm Spanish I'm lazy and I enjoy dancing Flamenco (the answers are yes and no, respectively)
     
  20. mpw Guest

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    #20
    Wait a minute, that's sarcasm isn't it? So you believe the best guess of a reporter? You see these lists all the time, Gates is richest, Sultan of Brunei is richest etc. etc. but how do the reporters know? They often work on guesses and rumors to make their estimates and can therefore be way off the mark.
     
  21. juanm thread starter macrumors 65816

    juanm

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    #21
    I don't know about his real wealth, but the fact that its a guesstimation doesn't change anything. When a journalist states something like this in Russia, at such a sensitive time, it can change lots of things (depending on the efficiency of the propaganda), so his assumption should be taken seriously. It's not a free speech country precisely, and people are risking a lot. It's not as if some media whore starts attacking the president in another country. If instead of $40Bn, he actually has $2Bn, it doesn't change the point made by the journalists.

    In the city with the higher number of millionaires in the world and where politics and finances go so shamelessly hand in hand, what's more likely to be seen? That the most powerful man in Russia owns a car, an apartment, and 150000$, or that he's one of the almost 60 known russian billionaires?
     
  22. mpw Guest

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    #22
    Fair point: why let the facts get in the way of a good headline.

    After all nobody ever got hurt by a little exaggeration.

    "He's got weapons of mass destruction"
    "Don't worry we're just going to take Poland"
    "You'll be back by Christmas"
    "I've only had a couple of pints"
     
  23. Brianstorm91 macrumors 65816

    Brianstorm91

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    #23
    Oh how I love stereotypes :D

    For the record, you also have a rubbish football league which is full of divers, your women don't shave, you sleep too much, you can't make tea, your beers are small and watery, your police are mental, you all go bull fighting, you all play little guitars, and it's too hot there.
    ;)

    English sarcasm if you didn't realise.
     
  24. juanm thread starter macrumors 65816

    juanm

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    #24
    Damn iSight! I always forget to switch it off!
     
  25. juanm thread starter macrumors 65816

    juanm

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    #25
    Yeah, it's true, some journalists often use the higher figure to make their headlines, and what?
    The important fact is that Russian's former president and future prime minister alledgedly hid a colossal fortune, NOT his actual ranking in the billionaires list.
     

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