Mikhail Gorbachev Net Worth: What’s the Reason Behind His Death?

In this article, we’ll talk about Mikhail Gorbachev’s net worth in 2022 and other facts about his life.
You heard that Mikhail Gorbachev died, right? How did he die? What amount of money did he leave behind? People in Canada, the United States, and the United Kingdom want to know more about Mikhail Gorbachev and how he died. This article will tell you how much money Mikhail Gorbachev will have in 2022. So read this article all the way through.

Table of Contents

Early Life of Mikhail Gorbachev

Mikhail Gorbachev was born in Privolnoye, Stavropol Krai, Soviet Union, on March 2, 1931. His parents, Sergey and Maria, were poor peasants. Aleksandr, who was born in 1947, was his younger brother. Gorbachev moved to the collective farm set up by his maternal grandparents when he was three years old.

During Stalin’s Great Purge, both of Gorbachev’s grandfathers were taken into custody and sent to work camps. During World War II, his father joined the Red Army. Gorbachev joined the political youth group Komsomol in the Soviet Union after the war and became the leader of his local group. He helped his father run combine harvesters on the collective farm in the second half of the 1940s.

In 1950, Gorbachev joined the Communist Party and started studying law at Moscow State University. After two years, he joined the Communist Party as a full member. In 1955, Gorbachev got his degree from MSU.

Personal Life of Mikhail Gorbachev

Gorbachev met Raisa Titarenko when they were both students at Moscow State University. Even though she was engaged to someone else, the engagement was broken off and she started dating Gorbachev. In 1953, they got married. Titarenko later found out she was pregnant, but when she got sick she had to have an abortion to save her life. Later, they had a daughter who they named Irina. Titarenko died in 1999 from leukaemia.

mikhail gorbachev net worth

Gorbachev is known for having a port-wine stain on his forehead. He doesn’t drink much, never smokes, and isn’t interested in women, which makes him very different from other former Soviet officials.

Net Worth of Mikhail Gorbachev

Mikhail Gorbachev was a former leader of the Soviet Union. When he died in August 2022, he was worth $5 million. He died on August 30, 2022, when he was 91 years old. From 1985 to 1991, Mikhail Gorbachev was the leader of the Soviet Union for the last time. From 1985 to 1991, Gorbachev was the General Secretary of the Community Party of the Soviet Union. From 1988 to 1991, he was the leader of the country.

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Chairman of the Presidium of the Supreme Soviet (1988–1989), Chairman of the Supreme Soviet (1989–1990), and President of the Soviet Union were his official titles (1990-1991). Even though he used to support Marxist-Leninist ideas, he eventually led a number of democratic reforms that made people freer in the Soviet Union and helped end the Cold War.

Gorbachev made his own foundation after he left office in 1991. Gorbachev has won the Harvey Prize, the Novel Peace Prize, and the Otto Hahn Peace Medal. In 2008, he and Alexander Lebedev started the Independent Democratic Party of Russia.

Joining of Communist Party

After he graduated from college, Gorbachev moved to the Stavropol area and got a job at the prosecutor’s office. But because he didn’t like the job, he quit and went to work for Komsomol, where he became the deputy director of the regional propaganda department. After Stalin died in 1953 and was replaced by Nikita Khrushchev, Gorbachev became one of the most important supporters of Khrushchev’s reforms to get rid of Stalinism.

Gorbachev was given the job of First Secretary of Komsomol in Stavropol because he was becoming more important in the local government. Soon after that, he became the deputy head of the Komsomol for the whole region and then First Secretary.

mikhail gorbavhev net worth

In 1970, Gorbachev was promoted to First Party Secretary of the Stavropol Regional Committee, a position that gave him significantly more power. As a result, he was inducted into the Communist Party of the Soviet Union’s Central Committee by default.

As governor of Stavropol, Gorbachev oversaw the building of the Great Stavropol Canal, which improved agricultural infrastructure. Soon after his 1978 appointment as Central Committee Secretary, Gorbachev relocated back to Moscow.

Leader of the Soviet Union

Gorbachev became the General Secretary of the Soviet Union’s Communist Party, making him the de facto leader of the Soviet Union three years after the death of Leonid Brezhnev and following the brief reigns of Yuri Andropov and Konstantin Chernenko. Despite initially supporting Marxist-Leninist ideas during his early years as leader, Gorbachev ultimately embraced democratic changes; this shift in attitude was largely precipitated by the 1986 Chornobyl catastrophe.

Domestically, he instituted an openness policy that promoted more freedom of speech, press, and religion. In addition to decentralizing economic operations and establishing the Congress of People’s Deputies, Gorbachev’s democratic initiatives included the decentralization of economic processes. These and other initiatives helped undermine the Soviet one-party regime.

Soviet Collapse and Resignation

mikhail gorbachev net worth

In 1991, after the August Coup, all Communist Party activities were put on hold for good. This meant that Communists no longer ran the Soviet Union. Gorbachev gave a speech in front of the Kremlin at the end of the year to say that he was stepping down as President of the Union of Soviet Socialist Republics. The next day, the Soviet Union was voted out of existence, and it stopped being a country at midnight on New Year’s Day.

Mikhail Gorbachev’s death

After a valiant struggle against a grave illness, Mikhail Gorbachev passed away on August 30, 2022. In addition to this, we are relying on the authorities to provide us with the autopsy report. He had 91 years under his belt.


The article came to an end. Mikhail left a variety of things behind. Before he became president, Mikhail worked as a farmer. Even though he was in a lot of pain and struggling to stay alive, Mikhail wasn’t too worried about money. So he died, leaving his estate just $5 million.

In the following statement, Russian President Vladimir Putin also said he was very sorry for what happened. Because of problems inside the country, the Soviet Union broke up and fell. Vladimir said that he was the worst thing to happen in the world of politics. If you want to find out more, click on the link below: