As Devendra Fadnavis prepares to take oath as Maharashtra’s Chief Minister once again, public interest in his financial profile has grown. With a declared net worth of over Rs 13 crore, Fadnavis’s wealth and investments, as detailed in his election affidavit, provide a glimpse into his financial journey. Here’s a closer look at the assets and liabilities of the leader who continues to play a pivotal role in Maharashtra politics.
Rs 13 Crore Net Worth with Rs 62 Lakh Liabilities
According to his 2024 election affidavit, Devendra Fadnavis’s total net worth stands at Rs 13.27 crore. However, this is accompanied by liabilities of Rs 62 lakh, primarily due to loans. His declared income for the financial year 2023-24 was Rs 79.3 lakh, a slight dip from the Rs 92.48 lakh reported the previous year.
Amruta Fadnavis: A Key Contributor to Family Investments
While Devendra Fadnavis has not ventured into stock markets or mutual funds, his wife Amruta Fadnavis has made significant investments in financial markets. Amruta’s portfolio includes:
- Investments in Bonds and Shares: Approximately Rs 5.63 crore.
- Bank Deposits: The couple jointly holds bank deposits exceeding Rs 5 lakh.
- Postal Savings: Devendra Fadnavis has Rs 17 lakh in NSS and postal savings accounts.
- Life Insurance: Policies valued at Rs 3 lakh.
These figures highlight Amruta’s active role in managing the family’s financial assets, especially in equity and bond markets.
Movable Assets: Gold Worth Lakhs but No Car Ownership
The couple’s movable assets include a significant collection of gold:
- Gold Holdings: Devendra Fadnavis owns 450 grams of gold, while Amruta holds 900 grams, with a combined valuation of approximately Rs 98 lakh.
Interestingly, neither the Chief Minister nor his wife owns a car. The absence of personal vehicles in their portfolio sets them apart from many political leaders.
Immovable Property: Houses and Agricultural Land
Devendra Fadnavis’s immovable property is equally noteworthy:
- Residential Properties:
- A house worth Rs 3 crore.
- Another house valued at Rs 47 lakh.
- Agricultural Land: Jointly owned with Amruta, valued at Rs 1.27 crore.
- Additional Property: A residential asset worth Rs 36 lakh in Amruta’s name.
These properties underline a diversified portfolio balancing residential and agricultural investments.
Financial Transparency in Politics
Devendra Fadnavis’s financial disclosures underscore the importance of transparency in political leadership. By detailing his assets and liabilities in the election affidavit, Fadnavis provides voters with a clear picture of his financial standing. Such transparency is crucial in building trust and accountability among public figures.
Key Takeaways from Devendra Fadnavis’s Net Worth
- Wealth Portfolio: A balanced mix of movable and immovable assets, with significant investments managed by his wife.
- Liabilities: Rs 62 lakh in loans, a manageable figure compared to his overall net worth.
- Income Trends: A year-on-year decline in income, reflecting changing financial dynamics.
Devendra Fadnavis’s financial profile highlights his strategic approach to wealth management, from investments in gold and property to Amruta’s active participation in financial markets.
