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 continued…