Narendra Modi Net Worth: With No Cars and Rs 46,555 in Bank Account, How Rich is India’s PM?

Narendra Modi is an Indian politician and the current Prime Minister of India. In 2014, he was appointed as the Country’s PM while serving as the CM of Gujarat from 2001-14. Despite spending a simple lifestyle, Narendra Modi’s net worth has garnered the attention of the masses. Hence, in this article, we have simplified the net worth of Narendra Modi and the factors that contribute to it.

Narendra Modi’s Net Worth

As of 2023, Narendra Modi has an estimated net worth of $0.40 Million, which is equivalent to INR 3.07 Crores. Besides, last year, he declared his net worth as INR 2.85 Crores. Hence, that means, in 2023, Narendra Modi net worth increased by 22 Lakhs.

Net Worth Growth

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Assets of Narendra Modi

• As of 2020, he has movable and immovable assets of Worth INR 2,80,14,893.
• Considered one of the most powerful Politicians in India, he does not own any motor vehicles, cars, yachts, or ships.
• He still uses his Bank accounts in Gujarat and does not run any bank accounts in New Delhi. Meanwhile, he has 94,093 with SBI and Rs 30,347 with Rajkot Nagarik Sahakari Co-Op Bank Ltd. In addition to it, he also has fixed deposits totalling Rs 1.27 Crore with SBI as per records.
• His jewellery holdings include four pieces of golden rings worth INR 1.19 Lakhs, as of 2015
• His movable assets include L & T Infra Bonds (Tax Savings) worth Rs. 20,000, as well as National Savings Certificates worth about Rs. 5.45 lakh, and life insurance policies worth Rs 1.99 lakhs.
• Meanwhile, his immovable assets include one-fourth of a residential property in Gandhinagar.
• Nevertheless, he does not own any agricultural land or commercial real estate property.

Also read – Amit Shah Net Worth: How Rich is the Businessman-Turned-Politician?

Factors Contributing to Narendra Modi’s Net Worth

Despite being the Prime Minister of India for two tenures, Narendra Modi likes spending a simple lifestyle, Hence, he does not own any personal real estate or luxury vehicles. Not only this, but he only travels in government conveyance. While he mostly depends on his monthly salary and other allowances.

Career Stats

• 1985: Joined BJP
• 1988: BJP Elected Him the Organising Secretary of the Party’s Gujarat Unit
• 1995: Elected National Secretary of BJP
• 1998: Appointed as the National Secretary of BJP
• 2001: Appointed as the Chief Minister of Gujarat and held the position till 2014
• 2013: Appointed to BJP Parliamentary Board
• 2014: Won the 2014 Lok Sabha Elections from the Varanasi Constituency
• 2014: Appointed as the 14th Prime Minister of India
• 2019: Won the Lok Sabha Elections from the Varanasi Constituency
• 2019: Took the Oath as 15th Prime Minister of India

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Awards, Honors, and Achievements

• 2007: Named the Best Chief Minister of India in a survey by India Today
• 2012: Featured on the Cover of Asian Times Magazine
• 2014: Forbes Magazine Ranked Him Among the 15 Most Powerful People in the World
• 2016:Declared the Winner of Time Magazine’s Reader Poll for Person of the Year
• 2015,2016,2018: Ranked Him the 9th Most Powerful Person in the World
• 2019: Received the Prestigious Seoul Peace Prize for 2018
• 2019: Conferred with Zayed Medal, UAE’s Highest Civilian Award
• 2021: On 24 February, the World’s Largest Stadium in Ahmedabad, India was named After Him. It is now the Narendra Modi Stadium
• In 2023, V.Muraleedharan, the Minister of State of External Affairs of India disclosed that Narendra Modi has been honoured with the highest national awards from 14 Countries

[Note: Besides the above-mentioned, there are several awards, honours, and recognitions under Narendra Modi’s name]

Education

Born and raised in a lower-middle class daily in Gujarat, Narendra Modi education can be considered mediocre. Soon after completing his higher secondary education, he went on to pursue a Bachelor of Arts in political science from the School of Open Learning, Delhi University, India. After pursuing a Bachelor’s, he pursued a Master’s in Arts from Gujarat University as a distance learning student.

Also read – Anil Ambani Net Worth: From Billionaire to Declared Bankrupt

Family

Narendra Modi was born on 17 September 1950 (age 73 years; as of 2023) in Vadnagar, Gujarat. His father, the Late Damodardas Mulchand Modi, used to run a tea stall at Vadnagar Railway Station. In 1989, he passed away after suffering from Bone Cancer. Meanwhile, Narendra Modi’s mother, Heeraben, was a homemaker. She passed away in 2022.

In addition to it, Narendra Modi has four brothers, Soma, Amrut Modi, Prahlad Modi, and Pankaj. Meanwhile, Narendra Modi’s sister Vasabtiben Hasmukhlal Modi, is a homemaker.

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Wife & Children

Narendra Modi’s wife has been a subject of speculation for years. Meanwhile, for those who are unversed, he was engaged to Jashodaben at a very young age. Nevertheless, he left her alone at his home soon after his marriage.

Lesser Known Facts About Narendra Modi

• He was born into a family of an oil-pressing community, which is an Other Backward Caste (OBC) in India.
• Narendra Modi, when he was 17, left his home and travelled to different parts of India.
• He often lent his hand in the tea stall of his father at Vadnagar Railway Station.
• He took a 3-month course in the United States on Image Management and Public Relations.
• Owing to his impactful posts, Narendra Modi’s social media has gained a huge fan following in years. As of 2023, he has more than 82 million followers on Instagram and 94 million followers on Twitter.