The Richest MP in India
The Richest MP in India: Top 10 Wealthiest Members of Lok Sabha 2024
The wealth of Members of Parliament MP in India often becomes a topic of discussion. In 2024, several Lok Sabha members are in the spotlight for their significant assets. Let’s take a look at the top 10 wealthiest MPs of Lok Sabha in 2024:
1. Dr. Chandra Sekhar Pemmasani -The Richest MP in India
Total Assets: ₹57,05,47,27,538 (₹5705 Crore+)
Constituency: Guntur, Andhra Pradesh
Political Party: Telugu Desam Party (TDP)
Dr. Chandra Sekhar Pemmasani is renowned for his vast wealth, which makes him the richest MP in India. Representing Guntur from the TDP, Dr. Pemmasani has extensive business interests in real estate, pharmaceuticals, and various industrial sectors. His wealth has been accumulated through strategic investments and successful ventures across different industries. Dr. Pemmasani’s prominence in business circles has translated into significant political influence, enabling him to contribute effectively to his constituency.
2. Konda Vishweshwar Reddy – 2nd Richest MP in India
Total Assets: ₹45,68,22,22,094 (₹4568 Crore+)
Constituency: Chevella, Telangana
Political Party: Bharatiya Janata Party (BJP)
Konda Vishweshwar Reddy, the BJP MP from Chevella, 2nd Richest MP in India has built a considerable fortune through his technological ventures. Before entering politics, he had a notable career in engineering and entrepreneurship, particularly in the IT sector. His company, Citadel Research & Solutions, has been instrumental in creating software solutions for various industries, contributing significantly to his wealth. His transition from a tech mogul to a successful politician demonstrates his ability to leverage his technical expertise for public service.
3. Naveen Jindal
Total Assets: ₹12,41,47,68,000 (₹1241 Crore+)
Constituency: Kurukshetra, Haryana
Political Party: Bharatiya Janata Party (BJP)
Naveen Jindal, a prominent industrialist, serves as the BJP MP for Kurukshetra. He is 3rd Richest MP in India and best known for his leadership in Jindal Steel and Power Limited, a major player in the steel and power sectors. Jindal’s business acumen has driven the expansion of his company globally, amassing a significant personal fortune. His wealth is also augmented by his roles in various other business ventures and philanthropic activities, making him one of the most influential business leaders in Indian politics.
4. Prabhakar Reddy Vemireddy
Total Assets: ₹7,16,33,22,265 (₹716 Crore+)
Constituency: Nellore, Andhra Pradesh
Political Party: Telugu Desam Party (TDP)
Prabhakar Reddy Vemireddy, representing Nellore, has garnered his wealth through a combination of real estate, agriculture, and industrial investments. His diverse portfolio has enabled him to maintain a strong economic presence in his region. Vemireddy’s ability to manage various business interests has earned him significant influence in local and regional politics. His contributions to the infrastructure and economic development of Nellore have bolstered his reputation as a key political figure.
5. C. M. Ramesh
Total Assets: ₹4,97,60,24,996 (₹497 Crore+)
Constituency: Anakapalle, Andhra Pradesh
Political Party: Bharatiya Janata Party (BJP)
C. M. Ramesh, a BJP MP from Anakapalle, has substantial wealth derived from his ventures in real estate and construction. Ramesh is known for his strategic investments in high-value properties and his role in large-scale construction projects. His business activities have significantly contributed to his wealth and have had a positive impact on the economic development of his constituency. His expertise in real estate has also translated into effective political strategies, enhancing his influence in the BJP.
6. Jyotiraditya M. Scindia
Total Assets: ₹4,24,74,94,078 (₹424 Crore+)
Constituency: Guna, Madhya Pradesh
Political Party: Bharatiya Janata Party (BJP)
Jyotiraditya Scindia, a scion of the royal family of Gwalior, has a significant 6th The Richest MP in India – wealth base largely attributed to his ancestral inheritance and various business ventures. His transition from the Indian National Congress to the BJP has been a notable political shift, allowing him to bring his considerable resources and influence to his new party. Scindia’s wealth supports a variety of philanthropic and cultural initiatives, reinforcing his role as a key figure in Madhya Pradesh politics.
7. Chhatrapati Shahu Shahaji
Total Assets: ₹3,42,86,68,000 (₹342 Crore+)
Constituency: Kolhapur, Maharashtra
Political Party: Indian National Congress (INC)
Chhatrapati Shahu Shahaji, hailing from the royal family of Kolhapur, has amassed significant wealth through historical and ancestral sources. His assets include royal properties, investments, and business interests that have been passed down through generations. Shahaji’s role in the INC is bolstered by his wealth and his contributions to preserving cultural heritage in Maharashtra. His influence extends beyond politics into the realms of heritage conservation and social development.
8. Sribharat Mathukumili
Total Assets: ₹2,98,95,86,580 (₹298 Crore+)
Constituency: Visakhapatnam, Andhra Pradesh
Political Party: Telugu Desam Party (TDP)
Sribharat Mathukumili, a young and dynamic TDP MP from Visakhapatnam, has built his wealth through successful ventures in technology and business. As a tech entrepreneur, Mathukumili has been involved in startups and innovative projects that have gained significant market value. His modern approach to politics and business has made him a notable figure among the younger generation of leaders, bridging the gap between traditional politics and contemporary business practices.
9. Hema Malini Dharmendra Deol
Total Assets: ₹2,78,93,68,227 (₹278 Crore+)
Constituency: Mathura, Uttar Pradesh
Political Party: Bharatiya Janata Party (BJP)
Hema Malini, also known as the “Dream Girl” of Indian cinema, serves as the BJP MP from Mathura. Her wealth is primarily derived from her illustrious career in Bollywood, coupled with strategic investments in real estate and other ventures. Malini’s popularity and financial resources have enabled her to champion various cultural and social initiatives in her constituency. Her transition from film to politics showcases her versatility and dedication to public service.
10. Dr. Prabha Mallikarjun
Total Assets: ₹2,41,28,03,910 (₹241 Crore+)
Constituency: Davanagere, Karnataka
Political Party: Indian National Congress (INC)
Dr. Prabha Mallikarjun, an INC member from Davanagere, 10th on Richest MP in India has a substantial wealth portfolio originating from her involvement in the medical field and business ventures. Her expertise as a medical professional, combined with her business acumen, has led to the successful establishment of various healthcare facilities and investments. Mallikarjun’s contributions to healthcare and her political career reflect her commitment to improving the well-being of her constituents through both public service and medical advancements.
Conclusion
These top 10 Richest MP in India in 2024 are not only recognized for their substantial assets but also for their political and business acumen. Their wealth comes from various sources, such as industries, businesses, inheritance, and investments, which enhance their influence in Indian politics.
This overview demonstrates that many leaders in politics are also significant owners of businesses and assets, aiding their work and impact.
Your Thoughts and Feedback: Do you have any additional information about The Richest MP in India? Please share your thoughts and suggestions with us.
Sources:
The figures in this blog are based on 2024 data and may change over time.
Schools in Bangalore | Restaurants in Bangalore | Group tours from Bangalore