Narendra Modi Net Worth 2023: Is the Indian PM a Rich Man?

What is prime minister Narendra Modi's net worth?


In Vadnagar, Mehsana district, Bombay State, Narendra Modi was born on September 17, 1950, to a Gujarati Hindu family of grocery store owners. He was the third of Damodardas Mulchand Modi and Hiraben Modi’s six children. Since May 2014, Indian politician Narendra Damodardas Modi has held the position of India’s 14th and current prime minister. From 2001 to 2014, Narendra Modi served as Gujarat’s chief minister. He is a Varanasi-born member of parliament.

Narendra Modi Net Worth 2023: Is the Indian PM a Rich Man?

Everybody’s dependency may be assessed, but the Prime Minister of our nation, one of the most powerful people in the world, is dependent on his honesty and diligence. Since Mr Narendra Modi works for the government, his pay and benefits are set, and he hasn’t made any other notable business achievements. We can have great confidence in the future growth of his net worth given his current success and record-breaking accomplishments. However, it appears that this man will have a straightforward and modest existence.


Narendra Modi Net Worth 2023

According to the website of the prime minister, his net worth has increased by INR 22 lakh, or INR 3.07 crore, from INR 2.85 crore last year. For increased public openness, it was decreed under the administration of former Prime Minister Atal Bihari Vajpayee that all Union Ministers would voluntarily reveal their assets and liabilities at the conclusion of each fiscal year.

The 71-year-old prime minister declares on his website that he has a bank balance of INR 1,52,480 and INR 36,900 in cash. His investments consist of 8.9 lakh rupees worth of NSC, 1.5 lakh rupees worth of life insurance policies, and 20,000 rupees worth of L&T infrastructure bonds that he purchased in 2012. PM Modi has four gold rings totalling INR 1.48 lakh in his possession.

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 Is the Indian PM a Rich Man?

Yes, the Indian PM is a Rich Man. The Prime Minister’s Office (PMO) has just made the asset disclosures of the Prime Minister and a few other cabinet members, including Home Minister Amit Shah and Defence Minister Rajnath Singh, public, according to The Economic Times (ET). The statement claims that PM Narendra Modi has increased his wealth this year.

One residential property, which belongs to Mr Modi jointly, is his property. PM only owns a quarter of it. Before he was appointed Gujarat’s Chief Minister in 2003, the home was purchased in October 2002. The 3,531 square-foot sites cost INR 1.3 lakh at the time. PM Modi has not purchased any real estate since then.

Amit Shah, the minister of home affairs, has a reported net worth of INR 37 crore, making him the richest member of Modi’s cabinet. Shah owns 10 fixed assets, all of which are situated in Gujarat. The 56-year-old minister’s net worth has climbed by almost INR 9.28 crore since last year.

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Modi’s fascination and respect

Contrary to what some of Modi’s detractors have cynically claimed, his admiration and respect for Indian soldiers predate the 2019 airstrikes on Balakot. Before he was elected to any office, he was caring for wounded soldiers during the 1999 Kargil War.

When he valiantly turned around the earthquake that struck Bhuj in 2001, Modi’s compassion and desire to assist in whatever manner during a natural calamity did not simply manifest themselves for his own state of Gujarat. When these states were recently devastated by a powerful cyclone, he made it a point to promptly fly down to Odisha and West Bengal even at the height of the COVID-19 lockdown.

Whether it’s the recent evacuations of Indians stranded abroad due to COVID-19-induced lockdowns or the 2014 huge floods in Kashmir, the 2013 cloud-burst catastrophe in Kedarnath, or both, Modi is always there.


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