Top 10 richest ministers in Modi 3.0 Union Cabinet

Notably, a recent report by the Association of Democratic Reforms (ADR) highlighted that an overwhelming 93% of the winning candidates in the current Lok Sabha are crorepatis.

Here are the top 10 richest union cabinet ministers in Modi 3.0:

Source: ADP

1. Dr Chandra Sekhar Pemmasani (TDP):

Dr Chandra Sekhar Pemmasani (Source: Facebook)

Party: Telugu Desam Party (TDP)
Portfolios: Minister of State in the Ministry of Rural Development; Minister of State in the Ministry of Communications
Constituency: Vijayawada, Andhra Pradesh

Dr. Chandra Sekhar Pemmasani is the wealthiest minister and Member of Parliament in the Modi 3.0 Cabinet and 18th Lok Sabha assembly, with assets exceeding ₹5705 crores. Pemmasani was elected from the Guntur constituency by defeating his closest rival, the YSRCP’s Kilari Venkata Rosalah. He’ll be serving as the Minister of State in the Ministry of Rural Development and the Minister of State in the Ministry of Communications.

2. Jyotiraditya M. Scindia (BJP):

Jyotiraditya Scindia. (File photo)

Party: Bharatiya Janata Party (BJP)
Portfolios: Minister of Development of North Eastern Region; Minister of Communications
Constituency: Guna, Madhya Pradesh

Jyotiraditya Scindia, a member of the Gwalior royal family, has assets worth over ₹425 crore, making him the second wealthiest minister in Modi Cabinet 3.0. In 2020, he switched from Congress to the BJP, was elected to the Rajya Sabha, and served as the Civil Aviation and Steel Minister in 2021. After winning the 2024 Lok Sabha elections from the Guna constituency in Madhya Pradesh, Scindia has been appointed as the Minister of Communications and the Minister of Development of the North Eastern Region.

3. H.D. Kumaraswamy (JD(S)):

H D Kumaraswamy (Photo/X/@hd_kumaraswamy)

Party: Janata Dal (Secular)
Portfolios: Minister of Steel; Minister of Heavy Industries
Constituency: Channapatna, Karnataka

H.D. Kumaraswamy, the former Chief Minister of Karnataka, has disclosed ₹217 crore wealth/assets in his election affidavit. Kumaraswamy won from the Channapatna constituency in the Lok Sabha 2024 elections. He has been appointed as the Minister of Steel and Minister of Heavy Industries, marking his first tenure in the Union Cabinet.

4. Ashwini Vaishnaw (BJP):

Ashwini Vaishnaw (File Photo)

Party: Bharatiya Janata Party (BJP)
Portfolios: Minister of Information and Broadcasting; Minister of Electronics and Information Technology; Minister of Railways
Constituency: Rajya Sabha member from Odisha

Ashwini Vaishnaw, with assets totalling ₹144 crores, has been a member of the Rajya Sabha from Odisha, representing the Bharatiya Janata Party, since 2019. Continuing his 2019 cabinet portfolio as Minister of Railways, Vaishnaw will now also be overseeing the Ministry of Information and Broadcasting and the Ministry of Electronics and Information Technology in Modi’s 3.0 Union Cabinet.

5. Rao Inderjit Singh (BJP):

Rao Inderjit Singh (PTI Photo)

Party: Bharatiya Janata Party (BJP)
Portfolios: Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation; Minister of State (Independent Charge) of the Ministry of Planning; Minister of State in the Ministry of Culture
Constituency: Gurgaon, Haryana

Rao Inderjit Singh, a veteran of Indian politics, has been elected from Gurgaon. He has assets amounting to ₹121 crore. Over the last three elections, he has won the Gurgaon constituency and has held various important portfolios. Currently, he will be serving in the Cabinet as the Minister of State (Independent Charge) for the Ministry of Planning and Ministry of Statistics and Programme Implementation, as well as the Minister of State in the Ministry of Culture.

6. Piyush Goyal (BJP):

Piyush Goyal (File)

Party: Bharatiya Janata Party (BJP)
Portfolio: Minister of Commerce and Industry
Constituency: Mumbai North Lok Sabha constituency, Member of Rajya Sabha from Maharashtra

Piyush Goyal has assets worth over ₹110 crore. He won the Mumbai North Lok Sabha constituency in the recently-held Lok Sabha elections. He has been appointed as the Minister of Commerce and Industry in the newly formed Union Cabinet.

7. Amit Shah (BJP):

Amit Shah (X/@AmitShah)

Party: Bharatiya Janata Party (BJP)
Portfolios: Minister of Home Affairs; Minister of Cooperation
Constituency: Gandhinagar, Gujarat

Amit Shah, the BJP president, has assets worth ₹65 crore. He was elected from the Gandhinagar Lok Sabha constituency in 2024 and has retained his position as the Minister of Home Affairs from the 2019 cabinet. In the Modi 3.0 Cabinet, Shah will also be responsible for overseeing the Ministry of Cooperation.

8. Krishan Pal Gurjar (BJP):

Krishan Pal Gujjar (file)

Party: Bharatiya Janata Party (BJP)
Portfolio: Minister of State in the Ministry of Cooperation
Constituency: Faridabad, Haryana

Krishan Pal Gurjar has assets totaling ₹62 crore. He has been elected from Faridabad three times: in 2014, 2019, and the 2024 Lok Sabha elections. Gurjar has previously held diverse portfolios as Minister of State, including the Ministry of Social Justice and Empowerment and the Minister of State for Power and Heavy Industries. In the newly formed Modi 3.0 cabinet, Gurjar will be the Minister of State for the Ministry of Cooperation.

9. V. Somanna (BJP):

Veeranna Somanna (Image source: Wikipedia)

Party: Bharatiya Janata Party (BJP)
Portfolios: Minister of State in the Ministry of Jal Shakti; Minister of State in the Ministry of Railways
Constituency: Govindraj Nagar, Karnataka

V. Somanna, who previously served as the minister of housing and infrastructure development in Karnataka and has assets worth ₹60 crore, has been elected from Govindraj Nagar. In his first tenure in the Union Cabinet, he will oversee the Ministry of Jal Shakti and the Ministry of Railways as the Minister of the State.

10. Pankaj Chaudhary (BJP):

Pankaj Chaudhary (Twitter/mppchaudhary)

Party: Bharatiya Janata Party (BJP)
Portfolio: Minister of State in the Ministry of Finance
Constituency: Maharajganj, Uttar Pradesh

Pankaj Chaudhary, with assets of over ₹41 crore, has retained his position as the Minister of State in the Ministry of Finance after winning the Lok Sabha elections in Maharajganj in 2024.