Crorepati candidates: Nandan Nilekani tops list

Written by Rajat Arora | Updated: Apr 27 2014, 15:14pm hrs
PollsHow 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 Nagalands 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

Nandan Nilekani


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 companys 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 R10.36 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 R528 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 familyincluding the couples sonshas movable assets of R478 crore, comprising investments and deposits. The immovable assets are worth about R50 crore. Reddy has an IT background, having worked with Wipro and GE Health Care, and is now heading Citadel Research.

Khimji Patadia


Contesting from: Surendranagar, Gujarat

Declared assets worth:

R514 crore

Patadia is contesting as an independent candidate from Gujarats Surendranagar. Patadia has declared assets worth R514 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 R259 crore and include agricultural land worth R50.55 crore, non-agricultural land worth R208 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 R50 lakh.

Naveen Jindal


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 R300 crore.

Their movable assets have been shown at R207.87 crore and immovable assets at R8.89 crore. Jindal has bank deposits and share investments worth R6.13 crore and R143.88 crore, respectively, while his wife has bank deposits and bonds worth R8.07 crore and R42.42 lakh, respectively. Jindal and his wife own jewellery worth R9.75 crore.

Moni Kumar Subba


Contesting from:

Tezpur, Assam

Declared assets worth:

R306 crore

A former Congress MP, Subba is contesting as an independent this time from Tezpur constituency. Assams richest candidate, Subba is known as the lottery king, and has declared assets worth R306 crore. This includes movable assets worth R59.17 crore and immovable assets worth R146.33 crore. He has two wives, who together own movable assets worth R33.63 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: R206 crore

The Congress minister and businessman, who is contesting elections from his pocket borough, Chhindwara in Madhya Pradesh, has declared assets worth R206 crore. The Union minister owns immovable assets worth over R187 crore, which include properties held through family-controlled trusts and companies. His movable assets are worth over R7.09 crore. His wife Alka possesses 575 gm gold jewellery and 53.5-carat diamonds worth over R39 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:

R224 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 R224 crore. A major chunk of this, R136 crore, comes from real estatelarge plots of agricultural land and commercial buildings in Bangalore under his company, M/s Sai Realtors. Another R28 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: R117.99 crore

The former Union minister and senior Congress leader has declared assets worth R117.99 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. Sonis husband has agriculture land in Gurgaon (Haryana) and Hoshiarpur (Punjab). Soni inherited residential property in Delhis Friends Colony with a market value of R32 crore. Her husband also owns residential properties in Gurgaon and Delhi.

Kulwant Singh

Shiromani Akali Dal

Contesting from:

Fatehgarh Sahib, Punjab

Declared assets worth: R139.61 crore

The builder-developer is among the richest candidates in fray in Punjab with assets worth R139.61 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 R110.09 crore and immovable assets worth R16.45 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 R89.92 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 R4.85 crore, which include two shop-cum-offices in Mohali.




Contesting from: Chandni Chowk, Delhi

Declared assets worth: R114 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 R114 crore. He has 17 properties in a number of cities, including Chandigarh, Ludhiana, Patna, Gurgaon, Secunderabad and a house in Delhis posh Maharani Bagh. He and his wifes movable assets are worth R13.38 crore, which include over R5 crore in cash and bank deposits and 4.6 kg of gold and precious stones worth over R1 crore. The rest is invested in mutual funds, bonds and insurance policies.




Contesting from:

Bhandara-Gondiya, Maharashtra

Declared assets worth:

R195 crore

The NCP candidate from Bhandara-Gondiya seat in Maharashtra has declared assets worth R195 crore. He has approximately R5 crore invested in bonds, debentures and shares in various companies, and around R25 crore in his own companies. He also owns non-agricultural land in Anand, Gujarat, worth R7 crore and residential buildings in Mumbai worth R80 crore.

l rajagopal


Contesting from: Vijayawada, Andhra Pradesh

Declared assets worth:

R299 crore

The Congress candidate from Vijayawada has declared assets worth R299 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 R15,000-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 R14 crore. He has also declared foreign assets worth $36.14 million. Rajagopals wife L Padma has movable and immovable assets worth R14.1 crore. The Congress leader also has bonds and shares worth R82.82 crore in various companies. His assets include houses and apartments in Hyderabad worth R13.35 crore, seven vehicles worth R3.56 crore, 7,220 gm gold worth R1.70 crore and agricultural land worth R70.2 lakh.

Pinaki Mishra

Biju Janata Dal

Contesting from:

Puri, Odisha

Declared assets worth: R137 crore

The lawyer-turned-politician is contesting on a Biju Janata Dal ticket from Puri and has declared his total assets at R137 crore, which includes R38 crore in movable assets and R30 crore in immovable assets. As per his affidavit, he also has R10 lakh cash in hand, R2,33,98,752 as fixed deposits in banks, R3,10,87,753 worth of mutual funds, shares of R5,16,460 and life insurance policies of R75 lakh. An art aficionado, Mishra has paintings with a declared worth of R1 crore. The Supreme Court lawyer tops the list of rich candidates in Odisha.

Abu Azmi

Samajwadi Party

Contesting from: Mumbai North-West, Maharashtra

Declared assets worth: R122 crore

Abu Asim Azmi, Samajwadi Partys nominee in Mumbai North-West, has declared assets worth over R122 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: R570 crore

The Congress candidate and sitting MLA from Ambikapur in Chhattisgarh is a scion of the Sarguja royal family, with assets worth around R570 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 R10.03 crore and immovable assets estimated at R555 crore. He owns agricultural land totalling around 25 acres and owns houses in Ambikapur, Bhopal and Delhi.

poonam mahajan


Contesting from: Ghatkopar West, Mumbai

Declared assets worth: R108.07 crore

The BJP candidate from Ghatkopar West in Mumbai, Mahajan has pegged her net worth at R108.07 crore. Mahajan has listed her current assets as R46.52 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 R4.5 crore and owns 50% stake in another house in Raheja Legend, Worli, worth R22.05 crore. Her husband owns the remaining 50%. Mahajans husband owns non-agricultural land worth R1.96 crore and a 1,728-sq-ft house in Victoria, Worli, Mumbai, worth R11 crore. Among movable assets, Mahajan owns an Audi Q5 worth R29.52 lakh, while her husband owns an Audi A6 worth R35.74 lakh. Poonam Mahajan paid R1.56 crore as tax in 2012-13.

HD Kumaraswamy

Janata Dal (S)

Contesting from: Chikkaballapur,


Declared assets worth:

R190 crore

The former chief minister of Karnataka, Kumaraswamy declared assets worth R190 crore. He has bank deposits of R13.77 crore in his name alone. His familys penchant for gold jewellery is unparalleledKumaraswamy 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.

V Balakrishnan

Aam Aadmi Party

Contesting from:

Bangalore Central, Karnataka

Declared assets worth:

R189 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 R189 crore, of which R102 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, R103 crore is from his equity shares in Infosys and about R5.26 crore in American Depository Receipts of Infosys. His wife, Chithra Balakrishnan, owns assets worth about R19.34 crore.

Arun Jaitley


Contesting from: Amritsar

Declared assets worth: R113.02 crore

The senior BJP leader and three-time Rajya Sabha member, Arun Jaitley, has declared assets worth R113.02 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 R1 crore. Jaitley declared his immovable and movable assets, including that of his spouse, at R75.7 crore and R37.32 crore, respectively. His fleet of luxury cars include a high-end Porsche worth R1.02 crore, Mercedes-Benz (R78.89 lakh), BMW (R85.57 lakh), Honda Accord and Toyota Fortuner with a combined value of R3.10 crore. Among movable assets, Jaitley declared cash in hand worth R1.35 crore, while his spouse has cash worth R7.5 lakh. He has a bank balance of R18.01 crore, while he has investments in bonds amounting to R2 crore. Among his immovable assets worth R75.70 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 R2.16 crore.

M Shahid


Contesting from:

Meerut, UP

Declared assets worth: R198 crore

The BSP candidate from Meerut has declared assets worth R198 crore. What is remarkable about his rise is that he has only studied till class VI. He earns R183 crore from his export business, has non-agricultural land holdings worth R11 crore in and around Meerut and owns commercial buildings in Meerut worth over R2 crore.




Contesting from: Baramati, Maharashtra

Declared assets worth: R113.8 crore

NCP chief Sharad Pawars daughter is contesting from Baramati and has declared assets worth R113.8 crore, which are in the name of her family. Her personal assets are worth R31.62 crore, but the total assets of the familySule, her husband and two childrenstand at R113.87 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.

Denis Siangshai


Contesting from:



Declared assets worth: R128 crore

An independent candidate from Shillong, Meghalaya, Siangshai has declared assets worth R128 crore. Of this, he owns agricultural land valued at R122 crore, non-agricultural land worth R1 crore and commercial buildings worth R4 crore in Meghalaya.

AC Shanmugam

Pudhiya Needhi


Contesting from:


Tamil Nadu

Declared assets worth: R106.10 crore

The president of the Puthiya Needhi Katchi, a BJP ally, contesting from Vellore, has assets worth R106.10 crore. He has declared movable and immovable assets (including his wifes share) worth over R106 crore and his major investments are in the educational institutions he runs.

Shruti Choudhry


Contesting from:

Bhiwani-Mahendragarh, Haryana

Declared assets worth:

R108 crore

The Congress candidate has declared assets worth R108 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.