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Kamal Nath Is Richest Union Minister, PMO Releases Assets Details

New Delhi, Sep 3: Prime Minister Manmohan Singh has assets worth Rs 5.11 crore, while Urban Development Minister Kamal Nath is the richest in the Cabinet with total family assets of Rs 276.64 crore and

PTI Published : Sep 03, 2011 16:25 IST, Updated : Sep 03, 2011 21:51 IST
kamal nath is richest union minister pmo releases assets
kamal nath is richest union minister pmo releases assets details

New Delhi, Sep 3: Prime Minister Manmohan Singh has assets worth Rs 5.11 crore, while Urban Development Minister Kamal Nath is the richest in the Cabinet with total family assets of Rs 276.64 crore and Defence Minister A K Antony has the least assets worth only Rs 39.15 lakh.


The Prime Minister's assets (along with those of his wife) are worth Rs 5.11 crore, which include a residential house in Chandigarh's Sector 11 with a current market value of Rs 90 lakh and a flat in Delhi's posh Vasant Kunj area with current market value of Rs 88.67 lakh, according to details disclosed by him.

The PM's declaration made public, along with his Cabinet colleagues, says he has no agricultural or non-agricultural land, even though he has term and bank deposits in various banks totalling around Rs 3.22 crore.

His wife Gursharan Kaur has over Rs 11 lakh in savings account in State Bank of Patiala in Chandigarh. The PM also owns a 1996-make Maruti 800 car worth Rs 24,745 at present.

Out of 77 members of his Council of Ministers, assets of five of his colleagues were not available on the PM's website.  These include Cabinet Minister Vilasrao Deshmukh, Ministers of State with Independent Charge Krishna Tirath and Jayanthi Natarajan and Ministers of State Jitender Singh and S Jagathrakshakan.

Corporate Affairs Minister Veerappa Moily, who has assets of only Rs 13.34 lakh alone is second to Antony, who alone has assets worth only Rs 1.82 lakh. While Moily does not own any immmovable property, Antony's wife owns a house and agricultural land worth Rs 15 lakh each.

Among Union Ministers having the maximum assets, Kamal Nath has personal assets of Rs 8.87 crore in his own name, while those in the name of his wife are worth Rs 4.27 crore, while the remaining personal assets of Rs 20.74 crore are in the name of his other family members.

Nath and his family have business interests in as many as 25 companies with assets worth Rs 241.84 crore, while Rs 92 lakh are in assets of funds owned by Nath and his family members.

Finance Minister Pranab Mukherjee has total assets worth Rs 1.25 crore, including a flat each in Munirka in the Capital and Kolkata. His moveable properties include a 2000-make Ford Ikon car and savings bank accounts.

Home Minister P Chidambaram along with his wife have assets to the tune of Rs 23.67 crore, with Chidambaram alone owning assets of Rs 11.14 crore which include fixed deposits and interests thereof of Rs 1.29 crore in various banks.

Among the immovable assets owned by him include is a coffee estate in Kodagu worth Rs 28.95 lakh, besides other assets worth Rs 62.26 lakh which includes a Skoda car worth Rs 22.15 lakh, a Volkswagen car worth 16.24 lakh and a Ford Fiesta car worth Rs 7.71 lakh. He also owns a cycle worth Rs 1,239 and a Kinetic Honda worth Rs 27,685.

His wife Nalini Chidambaram, however, owns land and buildings in Managiri, Sukkanenthal village worth Rs 2.66 crore and agricultural land in Muttucaud/Kanathur worth Rs 27.41 lakh and a house in Karaikudi worth Rs 12.68 lakh.

She also owns a coffee estate worth Rs 1.18 crore, a house in Sivagangai worth Rs 12 lakh and land in Managiri worth Rs 11.2 lakh. While Chidamabaram himself possesses jewellery worth only Rs 65,955, his wife possesses it worth Rs 7.75 lakh. PTI

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