Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

Multibagger Ministers and Their Enormous Wealth



Multibagger Ministers can also be an inspiration for the huge wealth that they have created for themselves except that the means adopted are probably all unlawful and unethical. Anyway, all that we ordinary folk can do is envy these Politicians for their enormous wealth

Prime Minister Manmohan Singh’s wealth doubled (120%) to Rs. 11.70 crores over the last one year. However, compared to Praful Patel’s assets worth Rs 125 crore, Manmohan Singh is literally poverty stricken. Of course, he can take solace from A.K.Antony, Defence Minister & Jaipal Reddy, Minister of Petroleum and Natural Gas who are worth only Rs. 46 lakhs and Rs. 66 lakhs respectively. The surprise was Kamal Nath, Union Cabinet Minister of Urban Development, whose wealth plunged from Rs. 203 crores to a paltry Rs. 17.60 crores, down a whopping 91%. How did this happen? Stock market losses or some other hera-pheri?

Manmohan Singh, Prime Minister of India

Assets and Properties
2011-12: Rs 11.70 Cr (Up 120%)
2010-11: Rs 5.00 Cr
Cash in hand: Rs 0.45 Cr

Sushil Kumar Shinde, Minister of Home Affairs

2011-12: Rs 12 Cr (Down 14%)
2010-11: Rs 14 Cr
Cash in hand: Rs 0.31 Cr

Chidambaram Palaniappan, Union Minister of Finance

2011-12: Rs 30 Cr (Up 25%)
2010-11: Rs 24 Cr
Cash in hand: Rs 1.6 Cr

Sharad Pawar, Minister of Agriculture

2011-12: Rs 16 Cr (Up 33%)
2010-11: Rs 12 Cr
Cash in hand: Rs 0.02 Cr

Praful Patel, Cabinet Minister for Heavy Industries and Public Enterprises

2011-12: Rs 125 Cr (Up 2.4%)
2010-11: Rs 122 Cr
Cash in hand: Rs 1.47 Cr

Salman Khurshid, Ministry of Law and Justice and Minority Affairs

2011-12: Rs 6.20 Cr (Up 8.7%)
2010-11: Rs 5.70 Cr
Cash in hand: Rs 1.24 Cr

Sriprakash Jaiswal, Coal Minister

2011-12: Rs 3.50 Cr (Down 5.4%)
2010-11: Rs 3.70 Cr
Cash in hand: Rs 0.01 Cr

Jairam Ramesh, Minister of Rural Development

2011-12: Rs 4.25 Cr (Down 0.4%)
2010-11: Rs 4.27 Cr
Cash in hand: Rs 0.56 Cr

Kapil Sibal, Minister of HRD, Communications and Information Technology

2011-12: Rs 44 Cr (Up 19%)
2010-11: Rs 37 Cr
Cash in hand: Rs 0.01 Cr

Jaipal Reddy, Minister of Petroleum and Natural Gas

2011-12: Rs 0.66 Cr (Up 10%)
2010-11: Rs 0.60 Cr
Cash in hand: Rs 0.13 Cr

Kamal Nath, Union Cabinet Minister of Urban Development

2011-12: Rs 17.60 Cr (Down 91%)
2010-11: Rs 203 Cr
Cash in hand: Rs 2.85 Cr

A.K.Antony, Defence Minister of India

2011-12: Rs 0.46 Cr (Up 31%)
2010-11: Rs 0.35 Cr
Cash in hand: Rs 0.04 Cr

Anand Sharma, Minister of Commerce and Industry and Textiles

2011-12: Rs 4.20 Cr (Up 7.6%)
2010-11: Rs 3.90 Cr
Cash in hand: Rs 1.61 Cr

Multibagger, scam   

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