How rich are our politicians?

With elections coming up, things are bound to get a little exciting on our political stage.

So we might not have proper roads, or good infrastructure and we can talk all day about the lack of our public transport system. But one thing is for sure – these folks are so rich they can possibly get a whole highway created just on their wealth!

I was reading an news article about how much these folks are worth and here are some really astonishing figures. These have been declared assets in their affidavits filed for the first phase of the poll.

Prasad Reddy: Declared Rs 220 crores. With assets in real estate, and more than 200 crores invested in land, commercial property and apartments. He owns 15 vehicles at a combined worth of Rs 3 crores!

Kuppendra Reddy: In terms of finance is worth more than Rs 180 crores. Owns commercial buildings worth nearly 55 crores and a residential building worth Rs 5 crores. And added to this are bank deposits, bonds, debentures, shares…

Krishnappa who is a contractor and an agriculturalist. Cash of over 27 lacs and deposits over 14 crores and bonds and debentures over over 19 lacs. Also, around 21 vehicles at 1.79 crores and jewellery of more than 2 crores. There’s more!

It took me a few minutes to let all these crores sink in. I for one, can’t even imagine how anyone can amass wealth of this size and quantity in one lifetime, especially with their respective backgrounds. Amazing!

3 Comments so far

  1. Deponti (bglr_deepa) on April 29th, 2008 @ 5:50 pm

    And…why can’t I help feeling that the declared assets are only the tip of the iceberg?

  2. anjana on April 29th, 2008 @ 11:02 pm

    Krishnappa is the one who made a profit of more than 50 crore Rs from the movie "mungaaru male" within 6 months of its release.
    Everyone seems to be so worried about themselves unfortunately!

  3. krishnam on April 30th, 2008 @ 10:34 am

    Thats some wealth there!!
    If they are declaring so much does it mean its proportionate to their income or ancestral property?

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