Former Soviet Union Politician and Nobel Peace Prize Winner, Mikhail Gorbachev’s Net Worth

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Mikhail Sergeyevich Gorbachev, a Soviet Union politician, is an owner of a Nobel Prize for the service and leadership he provided during his reign as the Soviet Union president.

During his presidential reign from 1990 to 1991, he made countless efforts to introduce a democracy based political system and successfully do so. Mikhail Sergeyevich Gorbachev has not only proven his name in the politics but also increased his net worth by being active in it for a long time!  


Early Life

Mikhail was born to a family of peasants in Stavropol territory on 2nd March 1931. Mikhail spent his early years driving the combine harvester owned by his father, a former member of the Russian Army. His parents were both agricultural workers and therefore were poor. Hence, Mikhail faced several different hardships during his childhood.


Personal Life

Mikhail Gorbachev got married in 1953 to a Russian philosopher and activist, Raisa Maximovna Gorbacheva. The couple had their daughter in 1956, who was named Irina Mikhailovna Virganskaya. Gorbachev was married to Raisa from 1953 until her death in 1999 due to Leukemia. 


Political Career and Net Worth 

Due to his hard work, he was awarded the Order of the Red Banner of Labor. After graduating high school, he applied and got accepted into the Law School of Moscow State University, one of the most prestigious universities.


Before joining the university, Gorbachev was a member of the Komsomol, a Communist Organization for the youth, and due to his membership in this league, he joined the Communist Party of the Soviet Union in 1952. After acquiring his law degree in 1955, he moved to Stavropol, where he was appointed the First Secretary of the Komsomol Territorial Committee, from where he continued to rise to higher posts.


 Mikhail continued to work hard and advance his political career, rising to different posts and being appointed to several higher positions. He became a member of the Politburo in 1980 and hence became the youngest member of the Politburo. In 1985, Mikhail was appointed as the General Secretary of the Communist Party.



Gorbachev was extremely successful in his post and is considered to have had a significant impact on the Soviet Union’s political structure. He brought about a change that had yet to be seen in the region. Due to his peaceful ideologies, he was elected as the Executive President of the Soviet Union in 1989, and he continued to improve the ties of the Soviet Union with the world by advocating peacefully handled international relations.


His new and peaceful ideas for this Soviet Union made him quite prominent and also earned him the Nobel Peace Prize in 1990. His experiences with poverty and the problems he encountered when working in the agriculture sector with his father allowed him to have a clear understanding of all the issues faced by a large number of the population. Due to this understanding, when he rose to popularity in politics, he used his platform to solve these issues and significantly impacted the economic struggles of the agricultural workers and farmers.


Therefore, he was able to cause a reform in the country, but he also worked extensively to improve the standard of living of the people in his nation. Gorbachev ensured that he prevented his country’s youth from facing the problems he faced during his young years. Towards the end of 1991, the Soviet Union began to disintegrate and fall apart. Hence, due to his disintegration, Mikhail resigned from his presidency in 1991, however remaining active in Russia’s political world.


He is still known to be among the Soviet Union leaders that brought reform in the country and had a significant impact on bringing an end to the Cold War. Hence he is kept at a high rank in the Russian political world and is looked up to by many politicians in Russia, and is highly respected due to the service he provided to the nation all those years ago.


Books by Mikhail Gorbachev

During his lifetime, Mikhail has written different books in which he talked about Russia’s political structure and the history of the Soviet Union. His books were well received due to his immense knowledge and respectable opinion on international relations between Russia and the Western world. Gorbachev was also a co-author of some books, providing his insight and political knowledge and ensuring the political accuracy of the books his name has been attached to. The books written by Mikhail include:


  • New Russia
  • Mikhail Gorbachev: Memoirs
  • Gorbachev: On My Country and the World
  • What Is at Stake Now: My Appeal for Peace and Freedom
  • Perestroika: New Thinking for Our Country and the World
  • The Search for a New Beginning: Developing a New Civilization
  • Mikhail Gorbachev: Prophet of Change: from the Cold War to a Sustainable World
  • Conversations with Gorbachev
  • Manifesto for the Earth: Action Now for Peace, Global Justice and a Sustainable Future
  • Perestroika and Soviet-American Relations
  • Earth Charter
  • Perestroika
  • Man Who Changed the World: The Lives of Mikhail Gorbachev
  • Global Studies Encyclopedic Dictionary
  • Mikhail Gorbachev: Selected Speeches and Articles
  • Reykjavik, Results & Lessons
  • New Soviet Revolution
  • At the Summit: Speeches and Interviews, February 1987-July 1988
  • Ideas for a New World: From the Gorbachev Forum
  • Vladimir Petrovsky: The Master Diplomat



Mikhail Gorbachev’s Net Worth

Throughout his political career, Gorbachev has accumulated massive net worth. He is considered one of the pioneers of the democratic system in Russia, and his hard work caused a reformative change in the country and allowed him to become as successful as it is in the current time. His net worth is calculated to be around $5 Million that he has accumulated during his political career.

Source Celebrity Networth

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