Narendra Modi Net Worth

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As of January 2025, Narendra Modi, the Prime Minister of India, has a net worth estimated at approximately ₹3.02 crore (around $365,000). This figure reflects a steady increase over the years, showcasing his financial status as a prominent political leader in one of the world’s largest democracies.

Breakdown of Assets

Modi’s financial disclosures reveal a mix of movable and immovable assets, primarily consisting of fixed deposits, savings certificates, and gold jewelry. Here’s a detailed breakdown:

  1. Fixed Deposits: The bulk of Modi’s wealth is tied up in fixed deposits with the State Bank of India (SBI), amounting to around ₹2.85 crore. These deposits represent a significant portion of his financial portfolio and indicate a conservative approach to wealth management.
  2. National Savings Certificates (NSC): Modi has invested approximately ₹9.12 lakh in NSCs, which are government-backed savings instruments that offer attractive interest rates and tax benefits.
  3. Gold Jewelry: His personal assets include four gold rings valued at around ₹2.67 lakh. This modest collection aligns with his public persona as a leader who emphasizes simplicity.
  4. Cash Holdings: As per his latest affidavit, Modi has about ₹52,920 in cash and additional funds in bank accounts totaling around ₹80,304.
  5. Immovable Properties: Notably, Modi does not own any residential or commercial properties or vehicles. He has declared that he co-owns a small plot in Gandhinagar but has not made any significant property purchases since becoming Prime Minister.

Salary and Income Sources

Narendra Modi’s salary as Prime Minister is approximately ₹280,000 per month, which translates to about ₹3.36 million annually. This salary includes various allowances and emoluments associated with his position. Despite being one of the most powerful leaders globally, his net worth remains relatively modest compared to many other politicians. Modi’s income has seen fluctuations over the years:

  • In the fiscal year 2022-23, his income rose to about ₹23.56 lakh, compared to ₹11.14 lakh in 2018-19.
  • His total declared assets have increased from ₹1.66 crore in 2014 to ₹3.02 crore in 2024, reflecting a steady growth trajectory.

Political Context

Modi’s financial disclosures are part of mandatory requirements for candidates contesting elections in India. These declarations aim to promote transparency and accountability among public officials. His relatively low net worth compared to other political leaders is often highlighted as part of his image as a “chaiwala” (tea seller) turned Prime Minister, emphasizing his humble beginnings and ascetic lifestyle.

Public Perception

The public perception of Modi’s net worth is multifaceted:

  • Many supporters view his modest wealth as a testament to his commitment to public service and governance.
  • Critics often juxtapose his financial status against the backdrop of widespread economic challenges faced by many Indians, questioning the effectiveness of his policies.

Conclusion

Narendra Modi’s net worth reflects not only his personal financial decisions but also the broader narrative of his political career—from humble beginnings to becoming the Prime Minister of India. As he continues to lead the nation, discussions surrounding his wealth will likely persist, serving as a lens through which citizens evaluate his leadership and policies.In summary, while Narendra Modi’s net worth is modest by political standards, it underscores his image as a leader focused on governance rather than personal enrichment—a narrative that resonates with many constituents across India.