In the dynamic world of Indian politics, the financial status of politicians often becomes a topic of curiosity and discussion. Today, we delve into the realm of wealth and power to explore the top 10 richest politicians in India. Our aim is to provide you with an insightful overview of their net worth and the sources we have referenced for accurate information.
Note: To ensure accuracy and reliability, we have drawn information from various sources and we have mentioned those sources as well. The net worth figures mentioned in this blog post are based on the most recent election affidavits available on myneta.info, the official government website.
Top 10 Richest Politicians in India
- Alla Ayodhya Rami Reddy [2577 cr]
- Shazia Tarannum [1674 cr]
- M T B Nagaraj [1609 cr]
- D K Shiva Kumar [1414 Cr]
- Priya Krishna [1,156 cr]
- Jaya Bachchan [1001 cr]
- Konda Vishweshwar Reddy [895 cr]
- Jayadev galla [683 cr]
- Nakul nath [660 cr]
- Abhishek Singhvi [649 cr]
1] Alla Ayodhya Rami Reddy [2577 cr]
State- Andhra Pradeesh
Member of Rajya Sabha [YSR Congress Party]
Alla Ayodhya Rami Reddy is an Indian politician and industrialist. He was elected to the Rajya Sabha, the upper house of the Parliament of India, from Andhra Pradesh in the 2020 Rajya Sabha elections as a member of the YSR Congress Party. He is also the founder of the Ramky Group of Companies. As of 2021, his net worth was estimated to be around ₹2,577 crores (approximately $350 million) , making him top the list of Richest Politicians in India
Alla Ayodhya Rami Reddy accumulated his net worth primarily through his business ventures. He founded the Ramky Group of Companies and has been the head of seven different companies
Some of these companies include Ramky Infrastructure Ltd., Ramky Pharma City (India) Ltd., Ramky Estates & Farms Ltd., Ramky Finance & Investment Pvt Ltd, and Ramky Group of Cos. Reddy started his career as a civil engineer in 1984 after completing his B.Tech (Civil) in Karnataka and M.Tech (Civil) in Osmania University in Hyderabad. His successful business career and leadership roles in various companies have contributed to his significant net worth.
Reference- Alla Ayodhya Rami Reddy | MP(Rajya Sabha) | YSRCP | Andhra Pradesh (theleaderspage.com)
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2] Shazia Tarannum [1674 cr]
State- Kartnataka
Candidate in the 2023 Karnataka assembly elections
Shazia Tarannum ran as an independent candidate in the 2023 Karnataka assembly elections from the Bengaluru Central Chikpet constituency.
Her husband, Yusuf Sharif, also known as KGF Babu or Scrap Babu, is a billionaire who previously declared assets worth Rs 1,743 crore as an independent candidate in council elections. Shazia Tarannum, along with her husband and daughter, submitted their nominations. She is considered one of the richest candidates in the election Karnataka Elections 2023 and the only female Politician in the list of Richest politicians in India, with total assets valued at over Rs 1,674 crore. This has sparked a debate in Karnataka politics.
Yusuf Sharif accumulated his wealth through various business endeavors, primarily in real estate. He grew up in Kolar Gold Fields (KGF) and worked in the scrap material division of Bharat Gold Mines. In the early 2000s, his luck changed when he won a bid for 21 mill tanks in KGF, which were used for purifying gold ore during the operational years of the Kolar gold fields. Sharif claims that his fortunes took a positive turn after he unexpectedly found 13 kg of gold. His properties are estimated to be worth more than Rs 4,000 crore.
3] M T B Nagaraj [1609 cr]
State- Karnataka
Minister for Small Scale Industries from Commerce Department of Karnataka [BJP]
M. T. B. Nagaraj is a member of the Karnataka Legislative Council representing the Bharatiya Janata Party (BJP) since 2020. He currently holds the positions of Minister of Small Scale Industries and Municipal Administration in Karnataka, starting from August 2021. In addition to his political career, he is also a farmer and businessman, while his wife takes care of their home.
According to his recently filed affidavit in May 2023, M. T. B. Nagaraj is the second wealthiest candidate participating in the Karnataka Assembly Election. The total value of his assets amounts to ₹1609 crore. His movable assets, such as cash, investments, and vehicles, are valued at ₹536 crore, while his immovable assets, including properties, land, and buildings, are estimated to be worth ₹1073 crore. In his affidavit, he stated that his income originates from agriculture, inherited properties, and his business ventures.
Reference–With assets worth ₹1,609cr, Nagaraj is richest candidate | Latest News India – Hindustan Times
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4] D K Shiva Kumar [1414 Cr]
State- Karnataka
President of Karnataka Pradesh Congress Committee
D.K. Shivakumar is a seven-time elected MLA since 1989 and a politician from Karnataka. He is currently serving as the President of the Karnataka Pradesh Congress Committee (KPCC). He was the state minister of irrigation in the cabinet of H. D. Kumaraswamy. Shivakumar is known for his dynamism and is a powerhouse of the Congress party in Karnataka. He has held portfolios such as energy, urban development, home, etc.
According to his affidavit for Karnataka 2023 Elections, his total assets and those of his family members have a combined value of ₹1414 crores making him one of the Richest Politicians in India.
This is a 68% increase compared to his affidavit in 2018, where the combined value of his assets was ₹840 crores. In 2013, the value of his assets was ₹251 crores. DK Shivakumar is one of the wealthiest politicians in the country, with 12 bank accounts and liabilities of ₹102 crores
5] Priya Krishna [1,156 cr]
State- Karnataka
Member of the Indian National Congress
Priya Krishna is a politician from Karnataka and a member of the Indian National Congress party. He was elected as a member of the Legislative Assembly from Govindraj Nagar, Bangalore, in 2009, becoming the youngest member at the age of 25.
Priya Krishna gained attention during the 2018 Karnataka Assembly Elections for being one of the richest candidates. His personal wealth was valued at over ₹1,020 crore. Over the past five years, his assets have increased by ₹109.55 crore. However, he also declared liabilities of ₹802.74 crore, which is the highest among all the candidates.
In the 2023 Karnataka elections, Priya Krishna was running as a Congress candidate from Govindrajanagar in Bengaluru Urban. He has declared assets worth Rs 1,156.83 crore in his affidavit.
Reference- Priya Krishna – Youngest sitting MLA in Karnataka Assembly (elections.in)
6] Jaya Bachchan [1001 cr]
State- Uttar Pradesh
Member of Rajya Sabha [Samajwadi Party]
Jaya Bachchan is an Indian actress and politician. She is a Member of Parliament in the Rajya Sabha from the Samajwadi Party, serving four terms since 2004.
he was first elected in 2004 and has been re-elected in 2006, 2012, and 2018. Bachchan is known primarily for her work in Hindi and Bengali cinema, and she is noted for reinforcing a natural style of acting in both mainstream and “middle-of-the-road” cinema. She has won nine Filmfare Awards and the Padma Shri award in 1992.
As per her 2018 election affidavit, Jaya Bachchan has assets worth ₹1,001.63 crores and liabilities worth ₹105.64 crores.
Reference– Jaya Bachchan – Wikipedia
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7] Konda Vishweshwar Reddy [895 cr]
State- Telangana
Former Member of the Lok Sabha [Bharat Rashtra Samithi]
Konda Vishweshwar Reddy is a successful Indian engineer, businessman, and politician. He served as a Member of Parliament in the 16th Lok Sabha for Chevella, Telangana, and was a member of the Telangana Rashtra Samithi party. Notably, he is the grandson of K. V. Ranga Reddy, who is the inspiration for the Ranga Reddy district’s name.
According to his election affidavit, Konda Vishweshwar Reddy is the richest politician in Telangana and one of the wealthiest politicians in India. He disclosed assets at 528 crore in 2014, and his holdings had climbed to 895 crore by 2019. He is also married to Sangita Reddy, the daughter of Apollo Hospitals founder Prathap C. Reddy.
8] Jayadev Galla [683 cr]
State- Andhra Pradesh
Member of 16th and 17th Lok Sabha of India [Telugu Desam Party]
Jayadev Galla is an Indian politician, businessman, entrepreneur, and industrialist. He serves as the managing director of the Amara Raja Group and is also the TDP Parliamentary Party Leader. As of 2018, Jayadev Galla’s net worth is estimated to be around Rs. 683 Crore INR.
Jayadev Galla is recognized as one of the Richest politicians in India. In the 2014 general elections, he declared assets worth ₹683 crore (US$86 million). He is the grandson of Tanguturi Prakasam Pantulu, a former Chief Minister of Andhra Pradesh.
Jayadev Galla was born in Diguvamagham, Andhra Pradesh. His parents are Ramachandra Naidu and Aruna Kumari. His father is an industrialist who established the Amara Raja Group. Jayadev’s mother, Galla Aruna Kumari, is a former MLA from the Chandragiri constituency and has served as a minister in the Andhra Pradesh state government.
9] Nakul Nath [660 cr]
State- Madhya Pradesh
Member of the Lok Sabha [Indian National Congress]
Nakul Kamal Nath is an Indian politician and businessman who represents the Chhindwara constituency in Madhya Pradesh in the Lok Sabha, the lower house of the Indian Parliament. He was elected in the 2019 Indian general election as a member of the Indian National Congress party.
Nakul Kamal Nath is the son of Kamal Nath, a prominent Congress politician and former Chief Minister of Madhya Pradesh. Various sources, including eCyberPlanet, Wikipedia, All Famous Birthday, India Today, and Business Standard, estimate his net worth to be around Rs. 660 crore INR or $88 million USD.
Reference- Nakul Nath Net Worth : Monthly Income, Wife, Biography and More (ecyberplanet.com)
10] Abhishek Singhvi [649 cr]
State- West Bengal
Member of Rajya Sabha [Indian National Congress]
Abhishek Manu Singhvi is an Indian lawyer and politician associated with the Indian National Congress (INC). He currently serves as a Member of Parliament in the Rajya Sabha, representing West Bengal. In addition to his political role, Singhvi is known as a spokesperson for the INC and holds a prominent position as one of the senior advocates in the Supreme Court of India.
Born into a Marwari family, Abhishek Manu Singhvi’s father, Laxmi Mall Singhvi, was a distinguished scholar in Jain history and culture. He had a successful career as a lawyer and also served as India’s former High Commissioner to the United Kingdom. Laxmi Mall Singhvi was elected to the Rajya Sabha from 1998 to 2004. Abhishek’s mother is named Kamla Singhvi.
Abhishek Manu Singhvi is widely recognized for his expertise as a jurist, his role as a parliamentarian, and his contributions as a media personality, columnist, author, and commentator. He achieved the notable distinction of becoming the youngest designated Senior Advocate in the Supreme Court at the age of 34. Alongside his legal and political engagements, he actively participates in public discussions and engages with various media platforms.
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Conclusion
As we conclude our exploration of the top 10 richest politicians in India, it is important to acknowledge that the financial status of politicians can have significant implications. The net worth figures mentioned in this blog post have been obtained from official election affidavits available on myneta.info, ensuring accuracy and authenticity. By shedding light on their wealth, we gain insights into the diverse landscape of Indian politics and the impact of personal finances on the political sphere.
