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PM Modi Becomes Richer, Amit Shah's Fortune Decreases

By FnF Correspondent | PUBLISHED: 16, Oct 2020, 9:48 am IST | UPDATED: 16, Oct 2020, 9:48 am IST

PM Modi Becomes Richer, Amit Shah's Fortune Decreases Delhi The Prime Minister's Office has made the asset declaration of PM Modi as of June 30, 2020, and according to PMO's declaration, PM Modi's wealth has seen an increase of Rs 36 lakh from Rs 2.49 crore in 2019 to Rs 2.85 crore by June 2020.

The rise in PM Modi's wealth is due to the fixed deposits amounting to Rs 3.3 lakh and an increase in his bank fixed deposits by Rs 33 lakh from 2019.

As of June 30, 2020, PM Modi's bank account balance was Rs 3,38,173 in Gujarat's SBI Gandhinagar NSC branch. PM Modi's FD in the SBI Gandhinagar branch increased to Rs 1,60,28,039 as of June 30, 2020, from Rs 1,27,81,574 in the last fiscal year.

Prime Minister Narendra Modi owns a plot, no. 401/A in Gandhinagar Sector-1, Gujarat. The property has 3 other joint owners, with each having an equal share of 25 percent. The plot is spread in an area of 3531.45 sq ft.

Prime Minister Narendra Modi owns a plot, no. 401/A in Gandhinagar Sector-1, Gujarat. The property has 3 other joint owners, with each having an equal share of 25 percent. The plot is spread in an area of 3531.45 sq ft.

The property was purchased on October 25, 2002, while an investment of Rs 2,47,208 has been made on the land, taking its total value to Rs 1,10,00,000 approx.

The prime minister has taken no loans and has no personal vehicle against his name. He possesses four gold rings, weighing approximately 45 grams, and is valued at Rs 1.5 lakh.

Details of investment in Bonds: The PM has L&T Infrastructure Bond (Tax Saving) worth Rs 20,000 (dated January 25, 2012).

Details of investment in NSS, LIC: As of June 30, 2020, the PM had National Savings Certificates (Post) worth Rs 8,43,124 and Life Insurance Policies worth Rs 1,50,957.

Jewellery, bullion, and valuable thing(s): PM Modi had four pieces of gold rings that weigh approximately 45 grams (as of June 30, 2020). Their approximate value was Rs 1,51,875.

The gross total value of moveable assets is Rs 1,75,63,618.

Home Minister Amit Shah's wealth decreases


While PM Modi's riches have improved Home Minister Amit Shah has registered a decline in comparison to the previous year.

The volatility in the share market and poor market sentiment has taken a toll on the equity held by Shah.

As of June 2020, Shah has declared his net worth as Rs 28.63 crore, compared to Rs 32.3 crore declared last year.
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