Victor Chernomyrdin Net Worth

Soviet Gas Minister Appointed

Chernomyrdin becomes Minister of Gas Industry of the Soviet Union, gaining control over a massive sector of the Soviet economy. His position provides access to valuable resources and connections during the late Soviet period.

Founds Gazprom Energy Giant

As the Soviet Union begins economic reforms, Chernomyrdin becomes the first chairman of Gazprom, transforming the gas ministry into a state corporation. This positions him at the center of Russia's most valuable industry.

Becomes Russian Prime Minister

Chernomyrdin is appointed Prime Minister of Russia by Boris Yeltsin, becoming one of the most powerful figures in the country during its tumultuous transition to capitalism. His connections to the energy sector strengthen his political and financial position.

Navigates Economic Crisis Period

During his long tenure as Prime Minister, Chernomyrdin manages Russia through hyperinflation and the chaotic privatization era. His proximity to the energy industry and political power significantly increase his wealth.

Dismissed as Prime Minister

Chernomyrdin is dismissed by Yeltsin during the Russian financial crisis, ending his six-year tenure. Despite losing political power, he retains substantial wealth from his years at the center of Russia's energy and political establishment.

Ambassador to Ukraine Appointed

Chernomyrdin becomes Russia's ambassador to Ukraine, a strategically important but less prominent role than Prime Minister. He continues to wield influence in Russia-Ukraine energy politics, particularly gas negotiations.

Returns as Presidential Advisor

After ending his ambassadorship, Chernomyrdin serves as a special advisor on energy matters. His political influence has waned but he remains a respected elder statesman in Russian politics.

Dies at Age 72

Chernomyrdin dies in Moscow on November 3, 2010. While he was a major figure in 1990s Russia and the architect of Gazprom, his fame outside Russia was limited and his legacy is mixed due to the chaotic era he helped govern.

Remembered as 1990s Figure

Chernomyrdin is remembered primarily by those familiar with post-Soviet Russian history as a key figure in the turbulent 1990s transition period. Outside Russia and former Soviet states, he has moderate historical recognition but limited mainstream fame.