Recap of 2024: Wealthiest Chief Ministers of India

India’s Richest & Poorest CMs in 2024

In 2024, the financial standings of India’s chief ministers were once again in the spotlight. Leading the pack is Chandrababu Naidu, the Chief Minister of Andhra Pradesh and president of the Telugu Desam Party (TDP), with an impressive declared net worth of Rs. 931 crore.

This article takes a closer look at the financial positions of India’s top political figures, highlighting the richest and poorest chief ministers based on their publicly declared assets.

The Richest Chief Ministers in India – 2024

India’s chief ministers often come from diverse backgrounds, which is reflected in their varying financial disclosures. As of 2024, Andhra Pradesh’s Chandrababu Naidu is the wealthiest CM, followed by other notable leaders with significant net worths.

Let’s explore the richest and the poorest CMs in India, according to the latest data provided by the Association for Democratic Reforms (ADR).

Top 3 Richest Chief Ministers in 2024

Chandrababu Naidu

The Chief Minister of Andhra Pradesh, Chandrababu Naidu, ranks as the wealthiest CM, with a net worth of Rs. 931 crore. His assets stem from both his political career and investments in various sectors.

Pema Khandu

Arunachal Pradesh's Chief Minister, Pema Khandu, follows closely with assets worth Rs. 332 crore. Khandu's wealth has grown significantly, positioning him among the richest political figures in the country.

Siddharamaiah

Siddharamaiah, the Chief Minister of Karnataka, holds the third position with a net worth of Rs. 51 crore. His financial portfolio is considerably more modest compared to Naidu and Khandu but is still noteworthy.

The Chief Ministers with the Least Wealth

Mamata Banerjee

The Chief Minister of West Bengal, Mamata Banerjee, has declared assets worth just Rs. 15 lakh, making her the poorest CM in India. Despite her political success, her wealth is relatively modest compared to others.

Omar Abdullah

Former Jammu and Kashmir CM Omar Abdullah has assets totaling Rs. 55 lakh. His financial standing is also quite humble in comparison to many of his counterparts.

Pinarayi Vijayan

The Chief Minister of Kerala, Pinarayi Vijayan, has a declared net worth of Rs. 1 crore, placing him among the less wealthy state leaders in India.

The Wealth Gap: Richest vs. Poorest

The financial disparity between the richest and poorest chief ministers is striking. Chandrababu Naidu’s declared net worth of Rs. 931 crore is a staggering Rs. 930 crore more than Mamata Banerjee’s wealth of just Rs. 15 lakh. This sharp contrast highlights the economic diversity among India’s state leaders.

Average Wealth of Indian Chief Ministers

According to the ADR report, the combined wealth of all 31 state chief ministers in India stands at Rs. 1,630 crore, with the average net worth per CM at approximately Rs. 52.59 crore. Additionally, the average annual income for a chief minister is reported to be Rs. 13.64 lakh.

In Conclusion

The financial disclosures of India’s chief ministers in 2024 reveal a stark contrast in wealth among the country’s top political leaders. While figures like Chandrababu Naidu and Pema Khandu amass significant fortunes, others like Mamata Banerjee maintain relatively modest assets.

This disparity highlights the economic diversity within India’s political landscape, offering insight into the varying financial backgrounds of those in power.