Narendra Modi Net Worth

Narendra Modi, India’s current Prime Minister is a great politician indeed. He has a net worth of Rs. 2.85 Crores. He was sworn in as India’s Prime Minister for the second time on June 30 in 2019. He is a motivation for the youth as he proved success can never be stopped by barriers like caste, creed or where a person belongs to. In this post, readers will know more about our respected Prime Minister Narendra Modi in detail.

Early life:

Narendra Modi was born in Vadnagar, Gujarat on 17th September 1950. His family was a lower-middle-class grocer family. He did his SSC in 1967 from the SSC board, Gujarat followed by BA in Political Science. He did his graduation with a distance education course from Delhi University, Delhi. As per affidavit before Election Commission, he did his PG MA in 1983 from Gujarat University, Ahmedabad. From an early age, he was passionate about politics and join the Bhartiya Janta Party.

Start of career:

Eventually, he became a development-oriented leader. He represented the Varanasi constituency in the Lok Sabha. As a result, he was considered as a master of strategies for his part. He started to serve as Chief Minister of Gujarat. During his 2001-2004 i.e. 3 years tenure, he proved to be the well-wisher of Gujarat. He did a lot of development in his service tenure as Chief Minister of Gujarat. However, he became the Prime Mister of India in 2014. He rose from a poverty-stricken tea-selling boy to Prime Minister of India.

Next milestone:

He proved to be a successful politician. Moreover, he won by around 4.79 Lakhs votes in the Lok Sabha election 2019. He efficiently keeping his position as Prime Minister of India for the second time as proof. He is the first BJP leader who got selected even after the completion of his five-year tenure for the second time.

Net Worth:

Narendra Modi has a net worth of 2.85 Crores rupees. However, as per the latest asset declaration, his net worth has slightly increased this year compared to the previous year. In other words, his net worth increased by 36 Lakh from his previous net worth i.e. 2.49 Crores rupees. The report says his assets increased due to bank deposits of around 3.3 Lakh rupees. Moreover, due to returns on safe investments worth 33 Lakh rupees during 2019. According to the report, he has only 31,450 Rupees cash in hand and a bank balance of Rs. 3,38,173. Moreover, he has a bank fix Fixed Deposit and MOD balance of Rs 1,60,28,939 at the SBI Gandhinagar NSC branch. Besides, he has life insurance policies of Rs. 1,50,957 and tax-saving Infra bonds of Rs. 20,000. In total his movable assets are worth around Rs. 1.75 Crore.

As per declarations, he has neither loans nor any personal vehicle. However, he jointly owns a 3,531 square feet plot in Sector 1 Gandhinagar, with three other joint owners. Besides he has four gold rings valued at 1.5 Lakh Rupees.