Lok Sabha elections are going to be held in the country in 2024 and their time is getting closer. This time, more than one veteran is seen competing in the election field and he not only has status in the political circles, but is also far ahead in terms of wealth. Talking about the richest candidates of the first phase of Lok Sabha elections, in this matter Nakul Nath, son of former Madhya Pradesh Chief Minister Kamal Nath, is at the first position. Association for Democratic Reforms (ADR) has shared the list of top-5 richest candidates based on the information given in the election affidavit.
Nakul Nath's net worth is Rs 716 crore.
According to the electoral rights organization, Association for Democratic Reforms (ADR), Nakul Nath, contesting from Chhindwara in Madhya Pradesh, has declared assets worth Rs 716 crore in his election affidavit submitted to the Election Commission. With this figure, the son of former Madhya Pradesh Chief Minister Kamal Nath is the richest candidate among all the candidates contesting in the first phase of Lok Sabha elections.
It is noteworthy that Chhindwada seat is considered to be the stronghold of Congress Party and Congress has been in possession of this seat since 1952. However, this seat was represented by BJP for some time in 1997. After this, Kamal Nath represented this seat for almost two decades from 1998 to 2019. After the year 2019, Nakul Nath replaced his father and retained his oldest seat despite the Modi wave. If we look at the election affidavit, Nakul Nath, the richest candidate in the first phase of Lok Sabha elections, has assets worth Rs 716 crore.
Assets increased by Rs 56 crore in five years
If we look at the affidavit given in the year 2019, at that time Nakul Nath Net Worth was stated to be Rs 660 crore. That means his wealth has increased by Rs 56 crore in these five years. Nakul Nath, who holds an MBA degree from Boston, has invested about Rs 6 crore in shares, debentures and bonds. This also includes investment up to Rs 10 lakh under the Sovereign Gold Bond (SGB Scheme) scheme of RBI. Assets worth more than Rs 8.60 crore are deposited in 11 bank accounts in the name of Nakul Nath and his wife. Along with this, he has gold and silver worth Rs 1.36 crore. Other assets worth Rs 598 crore, including the company and several assets, are registered in Nakul's name.
These names are included in the top-5 rich candidates
According to the report of ADR, while Nakul Nath is at the first place in the list of top-5 rich candidates of the first phase of Lok Sabha elections, the second richest candidate in this case is AIADMK's Erode (Tamil Nadu) candidate Ashok Kumar. Are. Ashok Kumar Net Worth is said to be Rs 662 crore. The third richest Lok Sabha candidate in the list is BJP candidate Devnathan Yadav T, contesting from Sivagangai in Tamil Nadu, who has assets worth Rs 304 crore.
Mala Rajya Lakshmi Shah, who contested on BJP ticket from Tehri Garhwal, has assets worth Rs 206 crore and has been described as the fourth richest candidate in the first phase, whereas in this case, BSP is at 5th position. The candidate from Deoband is Majid Ali. Majid Ali has declared his assets worth Rs 159 crore in the election affidavit.
28% candidates of first phase are millionaires
Lok Sabha elections will be held in seven phases starting from April 19 and the counting of votes will take place on June 4. According to ADR, about 28 percent of the candidates going to contest the Lok Sabha elections in the first phase are crorepatis, whose assets are more than Rs 1 crore. ADR found that the average assets per candidate was Rs 4.51 crore.
Analysis of election affidavits showed that among major parties, all four RJD candidates, 35 out of 36 AIADMK candidates, 21 out of 22 DMK candidates, 69 out of 77 BJP candidates declared assets worth more than Rs 1 crore. Has declared. Apart from this, 49 out of 56 candidates of Congress and four out of 5 candidates of TMC are crorepatis. BSP has fielded 86 candidates and 18 of them have assets worth more than Rs 1 crore.
