What is Dmitry Medvedev Net Worth ?
Dmitry Medvedev is a Russian politician who has a purported net worth of $2 million. Dmitry Medvedev serves as the deputy chairman of the Security Council of Russia, a position he has held since 2020. Before this, he was the president of Russia from 2008 to 2012, and then prime minister from 2012 to 2020 under president Vladimir Putin.
As president, Medvedev led a modernization program that aimed to update Russia’s economy while reducing its reliance on gas and oil.
Medvedev’s political career began as the election campaign manager (and later an advisor) of the St. Petersburg Mayor Anatoly Sobchak. It was during this time that Medvedev befriended Vladimir Putin.
Personal Life and Real Estate
In 1993, Medvedev wed his school sweetheart Svetlana Linnik. Together, they have a son named Ilya. Among his many hobbies, Medvedev collects original vinyl records and likes to listen to classic British rock. He is also an avid swimmer, jogger, chess player, and photographer. In 2010, one of his photographs sold at a charity auction for around $1.75 million.
With his wife, Medvedev lives in an upscale apartment in Moscow. As we mentioned earlier in the article, Medvedev also reportedly owns a vast array of mansions, wineries, and other properties, which he acquired through his corrupt political dealings. Opposition leader Alexei Navalny published a report in 2016 revealing that Medvedev owns a massive summer estate comprising a skin run, a swimming pool, multiple helipads, communication towers, and even a house built for ducks. Allegedly, the area is 30 times the size of Moscow’s Red Square.
Corruption and Wealth Allegations
Russian dissident Alexei Navalny has accused Dmitry Medvedev of being far richer than his officially disclosed financial reports, which paint a relatively modest picture. In 2016 Navalny published a report that accused Medvedev of secretly owning a 200-acre estate that features a three helipads, multiple pools, a ski run and multiple structures.
The following year Navalny and his Anti-Corruptin Foundation published a second report which further accused Medvedev and his close family members of owning over $1 billion worth of real estate, yachts, apartments and wineries.
The report alleged that these assets were given to Medvedev by various oligarchs or through extremely favorable loans provided by state owned banks. The report sparked outrage in Russia. Medvedev called the allegations “nonsense.”
Early Life and Education
Dmitry Medvedev was born on September 14, 1965 in Leningrad, Soviet Union as 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. Growing up, Medvedev demonstrated a high degree of intellectual curiosity. At the age of 17, he enrolled at Leningrad State University, where he studied law. Medvedev subsequently pursued his graduate education at the school.
At Leningrad State University, one of Medvedev’s professors was politician Anatoly Sobchak. After graduating with his undergraduate degree in 1987, Medvedev joined Sobchak as the head of his successful campaign for a seat on the newly created 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 he had founded with his friends.
President of Russia
In late 2007, Putin named Medvedev as his preferred successor. During his presidential campaign, Medvedev promised to raise funding for the National Priority Projects, lead efforts to modernize the Russian economy and reduce corruption in government. He was ultimately elected president in March of 2008. As he had promised, he appointed Putin as prime minister.
Early in his presidency, Medvedev earned praise in Russia for his handling of the Russo-Georgian War. He was also recognized for handling the economic crisis brought on by the Great Recession. In regard to the economy, he launched his modernization program to diversify the economy and reduce Russia’s reliance on gas and oil.
Also, on Medvedev’s agenda were police reform and anti-corruption measures, although he has accused of corruption himself.