Narendra Modi's wealth up 42% in 2 yrs, Narendra Singh Tomar's 67%; Prakash Javadekar sees 50% fall

Narendra Singh Tomar, Union Minister of Rural Development, Panchayati Raj and Mines, witnessed the maximum rise in his wealth during 2015-17, while Prakash Javadekar, Minister of Human Resource Development, saw the steepest decline during the period, according to data sourced from the Prime Minister's Office website.

Tomar's wealth during the period rose 67.5 percent (from Rs 53 lakh in 2014-15 to Rs 89 lakh in 2016-17) while Javadekar's declined 50 percent (from Rs 1.11 crore to Rs 56 lakh), the data shows.

Prime Minister Narendra Modi comes in at third spot with a 41.8 percent rise in net assets (from Rs 1.41 crore to Rs 2 crore) after Minister of Statistics and Programme Implementation Sadanand Gowda whose wealth increased 42.3 percent (from Rs 4.65 crore to Rs 6.62 crore).

File image of Prime Minister Narendra Modi. PTI

File image of Prime Minister Narendra Modi. PTI

Meanwhile, steel minister Chaudhary Birender Singh saw a rise in wealth of 23.5 percent (from Rs 7.97 crore to Rs 9.85 crore), external affairs minister Sushma Swaraj 17.4 percent (from Rs 4.55 crore to Rs 5.34 crore), MoS external affairs VK Singh 12.5 percent (from Rs 69 lakh to Rs 78 lakh), aviation minister Ashok Gajapathi Raju 11.7 percent (from Rs 6.98 crore to Rs 7.80 crore) and minority affairs minister Mukhtar Abbas Naqvi 7.8 percent (from Rs 99 lakh to Rs 1.07 crore).

Apart from Javadekar, others who saw a fall in wealth are Ram Vilas Paswan (30.8 percent), JP Nadda (14.6 percent) and Arun Jaitley (4.3 percent)

Interestingly, an analysis of the combined wealth of the ministers and their spouses paint a completely different picture such as in the case of Javadekar and Paswan. Prachi Javadekar's saw 190 percent increase in wealth over the two-year period. The Javadekar's jointly saw their wealth increase 107 percent, the highest among the lot, to Rs 6.69 crore.

Similar is the case with Paswan, whose wealth including that of Reena Paswan, witnessed 14.9 percent rise to Rs 1.23 crore.

Of the 14 ministers, whose wealth data for 2016-17 is available, finance minister Arun Jatiley is the wealthiest with net assets worth Rs 67.7 crore. Adding up his wife Sangita Jaitley's wealth, the net asset surged to Rs 100.97 crore. On individual basis, Birender Singh comes in at a distant second with Rs 9.85 crore. However, on a combined basis, the Swarajs ranked second with net assets of Rs 28.41 crore.

The data shows five ministers have net assets lower than their spouses. They are Sushma Swaraj, Prakash Javadekar, Ram Vilas Paswan, Mukhtar Abbas Naqvi and Chaudhary Birender Singh.

Details of 14 ministers' wealth over the last three years:

Personal wealth* Rs lakhs % rise
Sr No Minister 2014-2015 2015-2016 2016-2017 2015-2016 2016-2017 In 2 years
1 PM Narendra Modi 141 173 200 22.8 15.4 41.8
2 Arun Jaitley 7078 6801 6771 -3.9 -0.4 -4.3
Wife: Sangita Jaitley 3347 3247 3326 -3.0 2.5 -0.6
Total 10425 10048 10097 -3.6 0.5 -3.1
3 Sushma Swaraj 455 522 534 14.7 2.4 17.4
Husband: Swaraj Kaushal 1596 2098 2307 31.5 10.0 44.6
Total 2050 2619 2841 27.8 8.4 38.5
4 Prakash Javadekar 111 155 56 39.3 -63.7 -49.5
Wife: Prachi Javadekar 212 374 613 76.5 64.1 189.6
Total 323 529 669 63.7 26.5 107.1
5 Sadanand Gowda 465 569 662 22.4 16.3 42.3
Wife: Datty Gowda 95 92 95 -3.0 2.9 -0.2
Total 560 661 756 18.1 14.4 35.1
6 Ram Vilas Paswan 46 52 32 12.7 -38.6 -30.8
Wife: Reena Paswan 61 70 91 13.8 31.3 49.3
Total 107 122 123 13.3 1.4 14.9
7 Ashok Gajapathi Raju 698 1019 780 45.9 -23.4 11.7
Wife: Suneela Gajapathi Raju 88 93 93 5.2 -0.3 4.9
Total 786 1111 872 41.3 -21.5 10.9
8 Mukhtar Abbas Naqvi 99 103 107 3.8 3.8 7.8
Wife: Seema Naqvi 522 505 509 -3.3 0.8 -2.5
Total 621 608 616 -2.2 1.3 -0.9
9 Jagat Prakash Nadda 180 151 154 -16.2 1.9 -14.6
Wife: Mallika Nadda 162 166 132 2.3 -20.1 -18.3
Total 342 317 286 -7.5 -9.6 -16.3
10 Narendra Singh Tomar 53 65 89 22.2 37.0 67.5
Wife: Kiran Tomar 9 9 10 3.6 2.4 6.1
Total 62 75 99 19.6 32.7 58.7
11 Chaudhary Birender Singh 797 799 985 0.2 23.3 23.5
Wife: Prem Lata Singh 696 787 1070 13.2 35.8 53.8
Total 1493 1586 2054 6.2 29.5 37.6
12 P Radhakrishnan 722 713 725 -1.2 1.7 0.4
13 V K Singh 69 71 78 3.0 9.2 12.5
Wife: Bharti Singh 30 36 46 21.0 27.5 54.3
Total 99 107 124 8.4 15.3 25.0
14 Anupriya Patel 0 0 144
Husband: Ashish Kumar Singh 0 0 39
Total 0 0 183
*net assets; as on 8 Sep 2017; Source: PMO website

Updated Date: Sep 11, 2017 17:03 PM

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