Billionaires and Millionaires Set to Dominate Rajya Sabha - The New Indian Express

Billionaires and Millionaires Set to Dominate Rajya Sabha

Published: 02nd February 2014 07:30 AM

Last Updated: 02nd February 2014 07:33 AM

Democracy is an abundance of riches, as the worth of the new occupants of the Upper House benches is being revealed in the run up to Rajya Sabha 2014. Thirty-six out of 55—over 70 per cent—are crorepatis. Property is one of the major wealth factors listed and many of the new candidates are businessmen who have entered politics or vice versa.

Bihar might be one of the poorest states in India and seeking special category status, but the richest candidate in the new pantheon of Elders is security services millionaire R K Sinha, a BJP nominee.

The combined declared assets of Sinha and his wife is around Rs 800 crore. Standing behind him is an Independent candidate from Maharastra, Pune-based real estate moghul Sanjay Kakade, who has declared assets worth Rs 485 crore.

Maharastra is the land of sugar and honey, and all of its seven candidates, including Republican Party of India boss Ramdas Athawale, are crorepatis. Athawale may be a Buddhist by faith and a poet by inclination, but he seems to be worth Rs 3 crore.

Agriculture Minister and NCP supremo Sharad Pawar has declared assets exceeding Rs 32 crore. Advocate Majid Memon (NCP) has shown property worth around Rs 23 crore. Congress senior leader Murli Deora has property around Rs 28 crore. Congressman Hussain Dalwai has declared property worth more than Rs 4 crore. Shiv Sena candidate and Videocon owner Raj Kumar Dhoot’s declared assets are worth around Rs 19 crore.

The next Rajya Sabha will see a wealth of millionaires. Three candidates from Madhya Pradesh, two from Jharkhand and almost all seven candidates from Andhra Pradesh are crorepatis. From Odisha, the sixth poorest State in the country, five candidates are in the fray for four Rajya Sabha seats.

Read More: Richie Richs to Throng Upper House

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