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Crorepati candidates: Know how much is your Lok Sabha contender worth
How much is your Lok Sabha contender worth? A quick background check throws up some interesting figures and a surprisingly large number of politicians who have declared assets worth Rs 100 crore. Illustrations by Rohnit Phore; data compiled by Rajat Arora.
Back in 2004, while filing his nomination for the sole Nagaland seat, N Nyimthungo Lotha had declared in his affidavit that he had movable and immovable assets worth Rs 9,005 crore.
This included a 15-sq-km non-agricultural plot in Nagaland’s Wokha district worth Rs 9,000 crore at market value. If his claim about his wealth is true, then he would be among the richest politicians in the world. He is not contesting this time, but there are several candidates who, if not as rich as Lotha, are in the Rs 100-crore-and-above club
Contesting from: Bangalore South, Karnataka
Declared assets worth: Rs 7,710 crore
The best known among the Rs 100-crore-plus club, Nilekani, former chairman of the Unique Identification Authority of India and the Congress candidate from Bangalore South for the Lok Sabha polls, has declared assets worth Rs 7,710 crore in his affidavit, making him, by far, the richest candidate in this election. The Infosys co-founder has almost 80% of his wealth listed as Infosys shares, with 1.45% of the company’s shares owned by him and 1.3% by his wife.
Anil Kumar Sharma
Contesting from: Jehanabad, Bihar
Declared assets worth: Rs 850 crore
The JD(U) candidate contesting from Jehanabad, Bihar, has assets worth Rs 850 crore. He is the chairman-cum-managing director of the Amrapali Group of Companies, which is big in real estate and has Mahendra Singh Dhoni as its brand ambassador. Most of the investments made by Sharma, who resides in Delhi where he is listed as a voter, are in his own group of companies. He has residences in New Delhi, Greater Noida, Goa and Patna. He has shown his annual income as Rs 10.36 crore in the income tax returns filed for 2012-13.
K Visweswar Reddy
Contesting from: Chevella, Andhra Pradesh
Declared assets worth: Rs 528 crore
Contesting from the Chevella Lok Sabha constituency in Telangana, he has declared assets of Rs 528 crore. Reddy is the son-in-law of Apollo Hospitals founder Prathap C Reddy. His wife Sangita Reddy, a director in the Apollo Hospitals group, has assets worth R243.27 crore. Reddy declared that his family—including the couple’s sons—has movable assets of Rs 478 crore, comprising investments and deposits. The immovable assets are worth about Rs 50 crore. Reddy has an IT background, having worked with Wipro and GE Health Care, and is now heading Citadel Research.
Contesting from: Surendranagar, Gujarat
Declared assets worth: Rs 514 crore
Patadia is contesting as an independent candidate from Gujarat’s Surendranagar. Patadia has declared assets worth Rs 514 crore. This includes agricultural and non-agricultural land in Maharashtra, including commercial and residential plots in Thane and Bandra. Patadia is said to have floated the outfit, Krantikari Jai Hind Sena, and describes himself as its national president. Of the total assets he has declared, immovable assets are valued at Rs 259 crore and include agricultural land worth Rs 50.55 crore, non-agricultural land worth Rs 208 crore and houses or apartments in Mumbai. His other assets, which include jewels and canvas oil paintings, are valued at R253 crore along with 1.5 kg gold with diamonds, rubies and pearls worth Rs 50 lakh.
Contesting from: Kurukshetra, Haryana
Declared assets worth: R300 crore
The chairman of Jindal Steel and Power, Naveen Jindal, the current Congress MP from Kurukshetra, and his wife Shaalu have declared assets worth nearly Rs 300 crore.
Their movable assets have been shown at Rs 207.87 crore and immovable assets at Rs 8.89 crore. Jindal has bank deposits and share investments worth R6.13 crore and Rs 143.88 crore, respectively, while his wife has bank deposits and bonds worth Rs 8.07 crore and Rs 42.42 lakh, respectively. Jindal and his wife own jewellery worth Rs 9.75 crore.
Moni Kumar Subba
Contesting from: Tezpur, Assam
Declared assets worth: Rs 306 crore
A former Congress MP, Subba is contesting as an independent this time from Tezpur constituency. Assam’s richest candidate, Subba is known as the lottery king, and has declared assets worth R306 crore. This includes movable assets worth Rs 59.17 crore and immovable assets worth Rs 146.33 crore. He has two wives, who together own movable assets worth Rs 33.63 crore. Despite his wealth, Subba lost in 2009 mainly because of the number of criminal cases lodged against him, including murder and rape, the reason why the Congress denied him a ticket this time.
Contesting from: Chhindwara, Madhya Pradesh
Declared assets worth: Rs 206 crore
The Congress minister and businessman, who is contesting elections from his pocket borough, Chhindwara in Madhya Pradesh, has declared assets worth Rs 206 crore. The Union minister owns immovable assets worth over Rs 187 crore, which include properties held through family-controlled trusts and companies. His movable assets are worth over Rs 7.09 crore. His wife Alka possesses 575 gm gold jewellery and 53.5-carat diamonds worth over Rs 39 lakh. Nath has recorded that he owns a total of 63.04 acres of land in Chhindwara district.
R Prabhakara Reddy
Janata Dal (S)
Contesting from: Bangalore Rural, Karnataka
Declared assets worth: Rs 224 crore
The Janata Dal (S) candidate from Bangalore Rural is after Nilekani on the list of high-asset candidates from Karnataka. He has declared total assets worth Rs 224 crore. A major chunk of this, Rs 136 crore, comes from real estate—large plots of agricultural land and commercial buildings in Bangalore under his company, M/s Sai Realtors. Another Rs 28 crore is in personal possessions, ranging from electronic items to gold, silver and diamonds, including a Rolex watch, and a fleet of luxury cars, including two Mercedes, a BMW and a Range Rover.
Contesting from: Anandpur Sahib, Punjab
Declared assets worth: Rs 117.99 crore
The former Union minister and senior Congress leader has declared assets worth Rs 117.99 crore while filing her nomination for Anandpur Sahib in Punjab. She has movable and immovable assets, including that of her spouse, worth R15.41 crore and R102.58 crore, respectively. Soni’s husband has agriculture land in Gurgaon (Haryana) and Hoshiarpur (Punjab). Soni inherited residential property in Delhi’s Friends Colony with a market value of R32 crore. Her husband also owns residential properties in Gurgaon and Delhi.
Shiromani Akali Dal
Contesting from: Fatehgarh Sahib, Punjab
Declared assets worth: Rs 139.61 crore
The builder-developer is among the richest candidates in fray in Punjab with assets worth Rs 139.61 crore. A political newbie, Singh has entered the political battlefield as a Shiromani Akali Dal-BJP candidate from Fatehgarh Sahib Lok Sabha constituency. He is the owner of Janta Land Promoters, has movable assets worth Rs 110.09 crore and immovable assets worth Rs 16.45 crore. He started as a small property dealer and is now a property king and has started investing in films too. He is a matriculate and has investments of Rs 89.92 crore in four real estate companies apart from owning five residential plots and two commercial plots worth R16.45 crore. The residential properties include a house in Ludhiana, two in Mohali, a house in Himachal and another in Khanna. Singh also has two commercial buildings valued at Rs 4.85 crore, which include two shop-cum-offices in Mohali.
Contesting from: Chandni Chowk, Delhi
Declared assets worth: Rs 114 crore
The Union minister and Congress stalwart is one of the many members of the legal fraternity in this election. He is contesting from Chandni Chowk, Delhi, where he is the sitting MP. He has declared total assets worth Rs 114 crore. He has 17 properties in a number of cities, including Chandigarh, Ludhiana, Patna, Gurgaon, Secunderabad and a house in Delhi’s posh Maharani Bagh. He and his wife’s movable assets are worth Rs 13.38 crore, which include over Rs 5 crore in cash and bank deposits and 4.6 kg of gold and precious stones worth over Rs 1 crore. The rest is invested in mutual funds, bonds and insurance policies.
Contesting from: Bhandara-Gondiya, Maharashtra
Declared assets worth: Rs 195 crore
The NCP candidate from Bhandara-Gondiya seat in Maharashtra has declared assets worth Rs 195 crore. He has approximately Rs 5 crore invested in bonds, debentures and shares in various companies, and around Rs 25 crore in his own companies. He also owns non-agricultural land in Anand, Gujarat, worth Rs 7 crore and residential buildings in Mumbai worth Rs 80 crore.
Contesting from: Vijayawada, Andhra Pradesh
Declared assets worth: Rs 299 crore
The Congress candidate from Vijayawada has declared assets worth Rs 299 crore. He became a household name when the Telangana bill was tabled in the Lok Sabha and he sprayed a canister of pepper spray all around the house, leading to its adjournment. Rajagopal is a mechanical engineer who was formerly the head of Lanco Infratech. He took the company from the construction business into allied industries linked to infrastructure development. In 2002, he quit Lanco to enter public life. He is the richest MP from erstwhile Andhra Pradesh. He is still a major partner in the Rs 15,000-crore Lanco group, which runs a power plant, Lanco Infrastructure SEZ, and is also engaged in film-making. He has movable assets of R90 crore and immovable assets of Rs 14 crore. He has also declared foreign assets worth $36.14 million. Rajagopal’s wife L Padma has movable and immovable assets worth Rs 14.1 crore. The Congress leader also has bonds and shares worth Rs 82.82 crore in various companies. His assets include houses and apartments in Hyderabad worth Rs 13.35 crore, seven vehicles worth Rs 3.56 crore, 7,220 gm gold worth Rs 1.70 crore and agricultural land worth Rs 70.2 lakh.
Biju Janata Dal
Contesting from: Puri, Odisha
Declared assets worth: Rs 137 crore
The lawyer-turned-politician is contesting on a Biju Janata Dal ticket from Puri and has declared his total assets at Rs 137 crore, which includes Rs 38 crore in movable assets and R30 crore in immovable assets. As per his affidavit, he also has Rs 10 lakh cash in hand, Rs 2,33,98,752 as fixed deposits in banks, Rs 3,10,87,753 worth of mutual funds, shares of Rs 5,16,460 and life insurance policies of Rs 75 lakh. An art aficionado, Mishra has paintings with a declared worth of Rs 1 crore. The Supreme Court lawyer tops the list of rich candidates in Odisha.
Contesting from: Mumbai North-West, Maharashtra
Declared assets worth: Rs 122 crore
Abu Asim Azmi, Samajwadi Party’s nominee in Mumbai North-West, has declared assets worth over Rs 122 crore. The amount includes deposits in financial institutions and non-banking financial companies, bonds, debentures, shares and other assets. He has been in the news more for his provocative remarks on women and rape, and is one of the more controversial candidates in this election. He owns a hotel chain and a construction business, and has been accused of being close to underworld don Dawood Ibrahim. He also has a number of criminal cases filed against him.
T Saran Singh Deo
Contesting from: Chhattisgarh
Declared assets worth: Rs 570 crore
The Congress candidate and sitting MLA from Ambikapur in Chhattisgarh is a scion of the Sarguja royal family, with assets worth around Rs 570 crore. The value of his assets went up nearly three times during the past five years, largely owing to appreciation of his land holdings and other property. The son of MS Singh Deo, former chief secretary of undivided Madhya Pradesh, he has movable assets worth Rs 10.03 crore and immovable assets estimated at Rs 555 crore. He owns agricultural land totalling around 25 acres and owns houses in Ambikapur, Bhopal and Delhi.
Contesting from: Ghatkopar West, Mumbai
Declared assets worth: Rs 108.07 crore
The BJP candidate from Ghatkopar West in Mumbai, Mahajan has pegged her net worth at Rs 108.07 crore. Mahajan has listed her current assets as Rs 46.52 crore in movable assets and R61.55 crore in immovable assets. Among her immovable assets, Mahajan owns a 950-sq-ft house in Bhima at Worli worth Rs 4.5 crore and owns 50% stake in another house in Raheja Legend, Worli, worth Rs 22.05 crore. Her husband owns the remaining 50%. Mahajan’s husband owns non-agricultural land worth Rs 1.96 crore and a 1,728-sq-ft house in Victoria, Worli, Mumbai, worth Rs 11 crore. Among movable assets, Mahajan owns an Audi Q5 worth Rs 29.52 lakh, while her husband owns an Audi A6 worth Rs 35.74 lakh. Poonam Mahajan paid Rs 1.56 crore as tax in 2012-13.
Janata Dal (S)
Contesting from: Chikkaballapur, Karnataka
Declared assets worth: Rs 190 crore
The former chief minister of Karnataka, Kumaraswamy declared assets worth Rs 190 crore. He has bank deposits of Rs 13.77 crore in his name alone. His family’s penchant for gold jewellery is unparalleled—Kumaraswamy declared 750 gm of gold against 1.3 kg of jewellery with his wife and 850 gm with his son. Interestingly, the family has not mentioned a single car in their list of assets. He also has extensive real estate holdings on the Bangalore-Mysore highway.
Aam Aadmi Party
Contesting from: Bangalore Central, Karnataka
Declared assets worth: Rs 189 crore
The former director of Infosys and a candidate of the Aam Aadmi Party for the Bangalore Central constituency, V Balakrishnan has declared an asset size of Rs 189 crore, of which Rs 102 crore is invested in Infosys shares. Balakrishnan, who quit Infosys to join Aam Aadmi Party the very next day, has stated that of his assets, Rs 103 crore is from his equity shares in Infosys and about Rs 5.26 crore in American Depository Receipts of Infosys. His wife, Chithra Balakrishnan, owns assets worth about Rs 19.34 crore.
Contesting from: Amritsar
Declared assets worth: Rs 113.02 crore
The senior BJP leader and three-time Rajya Sabha member, Arun Jaitley, has declared assets worth Rs 113.02 crore, including a fleet of luxury cars and residential houses in Delhi, NCR and Gujarat. He has just bought another house in Amritsar, the constituency he is fighting from, for a reported Rs 1 crore. Jaitley declared his immovable and movable assets, including that of his spouse, at Rs 75.7 crore and Rs 37.32 crore, respectively. His fleet of luxury cars include a high-end Porsche worth Rs 1.02 crore, Mercedes-Benz (Rs 78.89 lakh), BMW (Rs 85.57 lakh), Honda Accord and Toyota Fortuner with a combined value of Rs 3.10 crore. Among movable assets, Jaitley declared cash in hand worth Rs 1.35 crore, while his spouse has cash worth Rs 7.5 lakh. He has a bank balance of Rs 18.01 crore, while he has investments in bonds amounting to Rs 2 crore. Among his immovable assets worth Rs 75.70 crore, Jaitley owns a plot in Faridabad (Haryana), commercial property at Cyber Park in Gurgaon, five residential properties in Delhi, Gurgaon and Gandhinagar in Gujarat. His declared annual income for 2012-13 was Rs 2.16 crore.
Contesting from: Meerut, UP
Declared assets worth: Rs 198 crore
The BSP candidate from Meerut has declared assets worth Rs 198 crore. What is remarkable about his rise is that he has only studied till class VI. He earns Rs 183 crore from his export business, has non-agricultural land holdings worth Rs 11 crore in and around Meerut and owns commercial buildings in Meerut worth over Rs 2 crore.
Contesting from: Baramati, Maharashtra
Declared assets worth: Rs 113.8 crore
NCP chief Sharad Pawar’s daughter is contesting from Baramati and has declared assets worth Rs 113.8 crore, which are in the name of her family. Her personal assets are worth Rs 31.62 crore, but the total assets of the family—Sule, her husband and two children—stand at Rs 113.87 crore. These include movable and immovable properties, bank deposits, jewellery, land and housing assets. Interestingly, both Sule and her husband have no car owned and registered in their names.
Contesting from: Shillong, Meghalaya
Declared assets worth: Rs 128 crore
An independent candidate from Shillong, Meghalaya, Siangshai has declared assets worth Rs 128 crore. Of this, he owns agricultural land valued at Rs 122 crore, non-agricultural land worth Rs 1 crore and commercial buildings worth Rs 4 crore in Meghalaya.
Pudhiya Needhi Katchi
Contesting from: Vellore, Tamil Nadu
Declared assets worth: Rs 106.10 crore
The president of the Puthiya Needhi Katchi, a BJP ally, contesting from Vellore, has assets worth Rs 106.10 crore. He has declared movable and immovable assets (including his wife’s share) worth over Rs 106 crore and his major investments are in the educational institutions he runs.
Contesting from: Bhiwani-Mahendragarh, Haryana
Declared assets worth: Rs 108 crore
The Congress candidate has declared assets worth Rs 108 crore. She is an advocate by training and is fighting from the Bhiwani-Mahendragarh constituency in Haryana. She is the granddaughter of the late Bansi Lal, former chief minister of Haryana. Her assets are mainly in agricultural and non-agricultural land in Haryana and residential property in Delhi.