In Prime Minister Narendra Modi’s third term, many ministers in the Union Cabinet are very wealthy. Some of them have business backgrounds, while others have inherited wealth. The richest ministers have assets worth crores of rupees, including land, businesses and investments. This article lists the top 10 richest ministers in the Modi 3.0 government, based on their declared assets, and gives a brief look at their wealth sources.
The Modi 3.0 Cabinet, led by Prime Minister Narendra Modi, features several wealthy ministers. Among them, Dr. Chandra Sekhar Pemmasani, with assets exceeding Rs.5,705 crore, stands as the richest. The cabinet comprises prominent leaders from various political parties, holding significant portfolios in ministers such as Rural Development, Communications, Commerce and Home Affairs.
The Modi 3.0 Cabinet includes several wealthy ministers, with Dr. Chandra Sekhar Pemmasani leading the list. These ministers hold key positions in various ministries, contributing to India’s governance while managing impressive assets.
Here is the list of top-10 richest union Cabinet Ministers in Modi 3.0:
| Rank | Name | Total Assets | Political Party | Ministry Portfolio |
| 1. | Dr Chandra Sekhar Pammasani | Rs.5,705 crore+ | TDP |
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| 2. | Jyotiraditya M. Scindia | Rs.425 crore+ | BJP |
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| 3. | HD Kumaraswamy | Rs.217 crore+ | JD(S) |
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| 4. | Ashwini Vaishnaw | Rs.144 crore+ | BJP |
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| 5. | Rao Inderjit Singh | Rs.121 crore+ | BJP |
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| 6. | Piyush Goyal | Rs.110 crore+ | BJP |
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| 7. | Amit Shah | Rs.65 crore+ | BJP |
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| 8. | Krishan Pal | Rs.62 crore+ | BJP |
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| 9. | V. Somanna | Rs.60 crore+ | BJP |
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| 10. | Pankaj Chaudhary | Rs.41 crore+ | BJP |
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Total assets: Rs.5,705 crore
Dr. Chandra Sekhar Pemmasani is the wealthiest minister in the Modi 3.0 Cabinet. He is from the Telugu Desam Party (TDP) and represents Vijayawada, Andhra Pradesh. With assets exceeding Rs.5,705 crores, Pemmasani won the Guntur constituency in the 2024 elections. He holds important positions as the Minister of State in the Ministry of Rural Development and the Ministry of Communications, playing a significant role in the government’s growth and development efforts.
Jyotiraditya M. Scindia is the second richest minister of Modi 3.0 Cabinet, with assets over Rs.425 crore. He is a member of the Bharatiya Janata Party (BJP) and represents Guna, Madhya Pradesh. Scindia, from the royal Gwalior family, switched to BJP in 2020 and served as Civil Aviation and Steel Minister. In the 2024 elections, he won from Guna and was appointed as the Minister of Communications an the Minister of Development of the North Eastern Region.
H.D. Kumaraswamy is the third richest minister in the Modi 3.0 Cabinet, with assets worth Rs.217 crore. He is from the Janata Dal (Secular) and represents Channapatna, Karnataka. Kumaraswamy, a former Chief Minister of Karnataka, won the 2024 Lok Sabha elections and was appointed as the Minister of Steel and Minister of Heavy Industries. This marks his first time serving in the Union Cabinet.
Source: IndianExpress
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