Richest MP in India 2024: Top 10 Wealthiest Lok Sabha MPs

Who is the richest MP in India?

According to the assets declared in the 2024 Lok Sabha election affidavits, Telugu Desam Party (TDP) leader Dr. Chandra Sekhar Pemmasani of Guntur, Andhra Pradesh, was the wealthiest among the winning Lok Sabha candidates, with declared assets of approximately ₹5,705 crore.

He was followed by BJP leader Konda Vishweshwar Reddy of Chevella, Telangana, with declared assets of about ₹4,568 crore, and BJP leader Naveen Jindal of Kurukshetra, Haryana, with assets of about ₹1,241 crore.

This list is based on self-declared asset information from the 2024 Lok Sabha election affidavits. Asset values can change over time, so these figures should not be treated as the MPs’ current net worth.

Top 10 Richest MPs in India in 2024

The ranking and asset figures above match the published 2024 list based on election-affidavit data.

1. Dr. Chandra Sekhar Pemmasani – Richest MP in India

Declared assets: ₹5,705.47 crore
Constituency: Guntur, Andhra Pradesh
Political party: Telugu Desam Party (TDP)

Dr. Chandra Sekhar Pemmasani was the richest winning Lok Sabha candidate in the 2024 elections based on declared assets. His affidavit showed total assets of approximately ₹5,705 crore, including movable and immovable assets.

Pemmasani is a physician and entrepreneur who built a substantial business and investment portfolio before entering electoral politics.

His declared assets place him significantly ahead of every other winning Lok Sabha candidate in the 2024 ranking.

2. Konda Vishweshwar Reddy

Declared assets: ₹4,568.22 crore
Constituency: Chevella, Telangana
Political party: Bharatiya Janata Party (BJP)

Konda Vishweshwar Reddy ranked second among the wealthiest winning candidates in the 2024 Lok Sabha elections. His affidavit recorded total assets of approximately ₹4,568 crore.

A former engineer and entrepreneur, Reddy has a background in technology and business before becoming involved in politics.

His declared wealth increased substantially compared with previous election affidavits, making him one of India’s wealthiest parliamentarians by declared assets.

3. Naveen Jindal

Declared assets: ₹1,241.48 crore
Constituency: Kurukshetra, Haryana
Political party: Bharatiya Janata Party (BJP)

Industrialist and politician Naveen Jindal ranked third in the 2024 list of wealthiest winning Lok Sabha candidates.

His affidavit showed assets of approximately ₹1,241 crore.

Jindal is associated with the Jindal business group and has been active in industry, education, sports, and public life.

4. Prabhakar Reddy Vemireddy

Declared assets: ₹716.33 crore
Constituency: Nellore, Andhra Pradesh
Political party: Telugu Desam Party (TDP)

Prabhakar Reddy Vemireddy ranked fourth with declared assets of approximately ₹716 crore.

His declared assets included substantial movable and immovable holdings, according to election-affidavit data published by the Association for Democratic Reforms.

5. C. M. Ramesh

Declared assets: ₹497.60 crore
Constituency: Anakapalle, Andhra Pradesh
Political party: Bharatiya Janata Party (BJP)

C. M. Ramesh ranked fifth among the wealthiest winning candidates in the 2024 Lok Sabha elections.

His election affidavit recorded total declared assets of approximately ₹497.60 crore.

6. Jyotiraditya M. Scindia

Declared assets: ₹424.75 crore
Constituency: Guna, Madhya Pradesh
Political party: Bharatiya Janata Party (BJP)

Jyotiraditya M. Scindia ranked sixth in the 2024 wealth ranking, with declared assets of approximately ₹424.75 crore.

Scindia is a prominent political figure from Madhya Pradesh and a member of the former royal family of Gwalior.

7. Chhatrapati Shahu Shahaji

Declared assets: ₹342.87 crore
Constituency: Kolhapur, Maharashtra
Political party: Indian National Congress (INC)

Chhatrapati Shahu Shahaji ranked seventh among the wealthiest winning candidates in the 2024 Lok Sabha elections.

His affidavit recorded declared assets of approximately ₹342.87 crore.

He is associated with the royal family of Kolhapur and has been involved in public and social activities in Maharashtra.

8. Sribharat Mathukumili

Declared assets: ₹298.96 crore
Constituency: Visakhapatnam, Andhra Pradesh
Political party: Telugu Desam Party (TDP)

Sribharat Mathukumili ranked eighth in the list, with declared assets of approximately ₹298.96 crore.

He represents Visakhapatnam in Andhra Pradesh and has a background in business and education.

9. Hema Malini Dharmendra Deol

Declared assets: ₹278.94 crore
Constituency: Mathura, Uttar Pradesh
Political party: Bharatiya Janata Party (BJP)

Veteran Bollywood actress and politician Hema Malini ranked ninth among the wealthiest winning Lok Sabha candidates in 2024.

Her affidavit showed declared assets of approximately ₹278.94 crore.

Hema Malini has represented Mathura in the Lok Sabha and has maintained a long career in Indian cinema alongside her political work.

10. Dr. Prabha Mallikarjun

Declared assets: ₹241.28 crore
Constituency: Davanagere, Karnataka
Political party: Indian National Congress (INC)

Dr. Prabha Mallikarjun ranked tenth in this list with declared assets of approximately ₹241.28 crore. Her election affidavit reported total assets of ₹2,41,28,03,910 and liabilities of approximately ₹24.71 crore.

Her professional background includes dentistry, while her declared assets also include investments and business-related holdings.

How Are These MPs Ranked by Wealth?

The ranking is based on the total assets declared in candidates’ election affidavits submitted for the 2024 Lok Sabha elections.

Declared assets can include:

• Cash
• Bank deposits
• Shares and securities
• Jewellery
• Residential and commercial properties
• Agricultural land
• Other movable assets
• Other immovable assets

It is important to distinguish declared assets from net worth. A person’s total assets do not automatically represent their wealth after accounting for liabilities.

For example, Naveen Jindal’s 2024 affidavit showed assets of about ₹1,241 crore and liabilities of about ₹7.37 crore.

What Does “Crorepati MP” Mean?

In India, a crorepati generally refers to a person whose declared assets or wealth are worth at least ₹1 crore.

The 2024 Lok Sabha election results highlighted the high number of wealthy winning candidates. ADR reported that 504 of the 543 winning candidates were crorepatis, representing about 93% of all winners.

Who Was the Richest MP in India in 2024?

Dr. Chandra Sekhar Pemmasani was the richest winning Lok Sabha candidate in 2024 based on declared election-affidavit assets, with approximately ₹5,705 crore in total assets.

Who Was the Second Richest MP in India in 2024?

Konda Vishweshwar Reddy ranked second with declared assets of approximately ₹4,568 crore.

Who Was the Richest Female MP in This List?

Among the ten names listed here, Hema Malini had the highest declared assets among the women, at approximately ₹278.94 crore. Dr. Prabha Mallikarjun followed with approximately ₹241.28 crore.

Why Are MP Asset Declarations Important?

Election-affidavit information allows voters and the public to examine candidates’ declared financial interests before and during elections.

These declarations can provide information about:

• Assets
• Liabilities
• Income
• Profession
• Educational background
• Criminal cases declared in the affidavit

The Association for Democratic Reforms states that its election analyses are based on candidates’ self-sworn affidavits obtained from the Election Commission’s election-affidavit records.

Frequently Asked Questions

Who is the richest MP in India in 2024?

Dr. Chandra Sekhar Pemmasani was the wealthiest winning Lok Sabha candidate in 2024 based on declared assets, with approximately ₹5,705 crore.

Who is the second richest MP in India?

Konda Vishweshwar Reddy ranked second with approximately ₹4,568 crore in declared assets.

What are the assets of Naveen Jindal?

Naveen Jindal declared total assets of approximately ₹1,241.48 crore in his 2024 Lok Sabha election affidavit.

How many crorepati MPs won the 2024 Lok Sabha election?

According to ADR’s analysis, 504 of the 543 winning candidates declared assets worth more than ₹1 crore.

Are these MPs’ current net worth figures?

No. These figures represent assets declared in their 2024 election affidavits. Their current assets and liabilities may be different.

Where can I verify MP asset information?

Election-affidavit information can be checked through records associated with the Election Commission of India. ADR’s MyNeta platform also provides searchable affidavit information and identifies its data as based on candidates’ self-declared affidavits.

Conclusion

The richest MP in India among the winning Lok Sabha candidates of 2024 was Dr. Chandra Sekhar Pemmasani, with declared assets of approximately ₹5,705 crore. Konda Vishweshwar Reddy and Naveen Jindal ranked second and third respectively.

The top 10 list demonstrates the wide range of financial backgrounds represented in the 18th Lok Sabha. However, these figures should always be understood as self-declared assets from 2024 election affidavits, rather than fixed measures of current personal net worth.

For the most accurate information, readers should refer to original election-affidavit records and reliable election-data sources when comparing MPs’ assets.

Explore More Political and India-Related Articles

You may also be interested in:

• Richest People in India
• Highest Paid Politicians in India
• Lok Sabha Elections 2024
• Most Educated MPs in India
• Youngest MPs in India
• Women MPs in Lok Sabha
• Most Populous Cities in India
• Schools in Bangalore
• Restaurants in Bangalore
• Group Tours from Bangalore

Trusted External Sources

For verification and additional information, refer to:

• Election Commission of India: https://www.eci.gov.in/
• Association for Democratic Reforms (ADR): https://adrindia.org/
• MyNeta – Election Affidavit Database: https://myneta.info/

The asset figures in this article are based on 2024 Lok Sabha election-affidavit data and may change as MPs’ financial positions change.