What is Narendra Modi’s wealth and property after 13 years as CM and 11 years as PM?
Narendra Modi: Do You Know How Much Modi’s Wealth Is: In 2024, Narendra Modi assumed office as India’s Prime Minister for the third consecutive time, having first taken the role in 2014. Before his national leadership, he served as the Chief Minister of Gujarat from 2001 to 2014. This brings his total tenure in top political leadership positions to 24 years — 13 years as Chief Minister and 11 years as Prime Minister.
Despite serving as Chief Minister and Prime Minister for 24 years, his personal wealth (PM Narendra Modi Net Worth) is very limited. His wealth hasn’t increased significantly in the last 18 years.
1. Modest Personal Wealth Despite Long Tenure
Despite more than two decades in power, PM Modi’s personal wealth remains modest. According to his 2024 Lok Sabha election affidavit, his total declared assets amount to ₹3.02 crore. Notably, he has no liabilities and does not own any residential or commercial property, agricultural land, or vehicle — an uncommon profile for a long-serving public figure.
2. Detailed Asset Breakdown
His wealth primarily includes fixed deposits and small savings. The breakup is as follows:
- Cash in hand: ₹52,920
- SBI Fixed Deposit (with interest): ₹2.85 crore
- SBI Savings Deposit: ₹80,304
- National Savings Certificate (with interest): ₹9.12 lakh
- Gold ring: ₹2.67 lakh
- Other claims and interest: ₹3.33 lakh
3. No Ownership of Property or Vehicles
PM Modi does not own a house, land, commercial property, insurance policy, or a personal vehicle. He also carries no debt, highlighting a simple and debt-free lifestyle.
4. Gradual and Transparent Asset Growth
His assets have grown slowly but steadily over the years:
- 2007: ₹42.56 lakh
- 2012: ₹1.33 crore
- 2014: ₹1.26 crore
- 2019: ₹2.51 crore
- 2024: ₹3.02 crore
This steady growth indicates regular savings and interest accumulation rather than sudden or unexplained wealth gains.
5. Consistent and Moderate Annual Income
As per Income Tax Returns (ITR), his annual income has been modest, ranging from around ₹11 lakh in 2018–19 to ₹23.56 lakh in 2022–23. These figures align with his salary as a public servant and savings from government allowances.
6. Public Image of Simplicity and Transparency
Overall, PM Modi’s financial records reinforce his long-standing image of simplicity, transparency, and personal discipline. His limited personal wealth, despite decades in power, stands in contrast to many other political figures and has been a subject of public discussion and media interest.
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