Prime Minister Modi’s cash wealth has fallen by a whopping 67% and his net worth is around Rs 2.8 crore. The man who started his business selling tea at the age of 12 in his hometown of Calcutta.
His dream has come true, as he can concentrate on his work and not just his private life.
Narendra Modi was born on September 17, 1950 in Vadnagar, Gujarat, the son of a small and middle class family of grocers as per Jagran Josh. His personality and motivation range from poverty – battered tea – to selling boys to development-minded leaders, to his ascent to the highest office in the world.
His Magnificent Success
He has proved that success has nothing to do with caste, creed or affiliation with a person.
Indian tycoon best known for his wealth Sharma was fortunate that he was not spared from turbulence, debt losses, and asset erosion over the years. Sharma made his billionaire debut after Prime Minister Narendra Modi’s government announced in November 2016 that it would withdraw high-value banknotes.
The demonization made India’s economy billions of dollars richer overnight, boosting digital payments.
The nine-year-old company has 310 million users and 16 million transactions daily, according to Forbes. Forbes once ranked Modi as the second richest man in the world, behind only US President Barack Obama as stated by CNN.
Tuesday’s arrest and the possibility of extradition could help improve the prime minister’s battered image.
The arrest could have implications for his upcoming elections in India, which are due to take place in May, as well as his re-election. Modi’s decision to return to India to face criminal charges has increased pressure on him to promise to fight corruption in India, and his arrest could further damage his reputation.
Narendra Modi’s Incredible Power
Narendra Modi is India’s 14th and current prime minister, and here we will discuss his wealth in 2020 and the impact of his arrest.
On this day, today, Prime Minister is now the most powerful man in the world, travelling the world, but things could have been very different if he had decided to leave his home and travel outside India. He has made an extraordinary decision that has changed the course of his life for him and his family.
Prime Minister Narendra Modi arguably has a strong mandate to put the Indian economy into a more stable and prosperous orbit.
Narendra Modi’s net worth is believed to be about $1.5 billion, or about $2.2 billion in today’s dollars according to Oishi.
He has been a politician for over 20 years and is the son of former Indian Prime Minister Rajiv Modi and his wife Sushma Swaraj, both of whom are well known politicians. He is also a celebrity who has turned 69 and has a fortune of $1.5 billion, or about $2.2 billion in today’s dollaworld.
His Huge Fortune
According to his affidavit filed with the Electoral Commission on Friday, Prime Minister Narendra Modi has total assets of about 2.8 million rupees, including a fixed deposit of 1.5 million in his bank account.
According to the affidavit, Modi’s total declared assets for 2016 – 17 – are around $3.2 million, slightly less than half of his total income.
In July 2020, Narendra Modi’s fortune is estimated at around 250,000, and he is the Indian politician with a fortune of more than 100,000. Not to be missed: his development in Gujarat during his tenure was resounding.
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