According to the latest data on PM Modi's website, according to a business news and media survey, PM Modi's net worth has increased this year compared to last year. Prime Minister Modi's net worth has jumped to ₹3,07,68,885 (3.07 crore) as per his latest declaration from ₹2.85 crore last year. His net worth has increased by ₹22 lakh in the last year.
Net Worth, Bank Balance, Assets of Narendra Modi
According to current data of Mint, Narendra Modi had a bank balance of ₹1,52,480 and ₹36,900 of cash as of March 31. His rise in wealth is due to his fixed deposits in a Gandhinagar branch of the State Bank of India. His SBI Gandhinagar NSC branch's fixed deposits (FD) amount to ₹1.83 crore as of March 31 this year, as against ₹1.6 crore last year.
Investments By Modi in bonds, shares, and mutual funds
PM Modi's wealth is not tied to the stock market or mutual funds. Instead, his investments include National Savings Certificates (₹8,93,251), life insurance policies (₹1,50,957), and L&T infrastructure bonds, which he purchased in 2012 for ₹20,000.
Loans and Car of PM Modi
The prime minister has taken no loans and has no liability. He has no personal vehicle against his name.
Investment in Gold and Property of PM Modi
According to the data, PM Modi has four gold rings worth ₹1,48, 331. He has one residential property of ₹1.1 crore, which is joint property and he has only a 25% share in it. He bought the property on October 25, 2002, barely two months before he became chief minister of Gujarat. At that time, the cost of the 3,531 sq ft plot was a little over ₹1.3 lakh. Modi has not bought any new property since he began serving as prime minister of India in 2014.
Net Worth and Salary
The estimated current net worth of Narendra Modi is approximately between $300000 to $800000.