Finance Minister Nirmala Sitharaman has turned 65 today, marking a significant milestone in her illustrious career. As the woman responsible for managing the country’s finances and overseeing the Ministry of Finance, she has set numerous records and continues to be a prominent figure in Indian politics. Her wealth reflects her successful professional journey and investments, providing insights into her financial standing.
How Much Wealth Does She Hold?
According to her affidavit filed during her nomination for the Rajya Sabha in 2022, Nirmala Sitharaman’s total assets amount to ₹2.53 crores. This includes ₹1.87 crores in real estate and ₹65.55 lakh in liquid assets. However, she also carries a debt of ₹26.91 lakh. Interestingly, despite her wealth, her cash at hand is only ₹7,350.
Breakdown of Assets
| Type of Asset | Amount (in ₹) |
|---|---|
| Real Estate | 1,87,00,000 |
| Liquid Assets | 65,55,000 |
| Cash in Hand | 7,350 |
Investments in Mutual Funds and PPF
Nirmala Sitharaman has also strategically invested her wealth. She has a Public Provident Fund (PPF) account with a balance of ₹1,59,763, and she has invested ₹5,80,424 in mutual funds. Notably, she does not hold any insurance policies.
Real Estate Holdings
In addition to financial assets, Sitharaman owns a residential property in Hyderabad valued at ₹1,70,51,400. She also possesses non-agricultural land in Kuntloor, which is valued at ₹17,08,800. These properties showcase her prudent investments in real estate.
Debts and Liabilities
Nirmala Sitharaman’s financial portfolio also includes several loans. She has a 19-year home loan, an overdraft facility for one year, and a 10-year mortgage loan. Here’s a breakdown of her loan liabilities:
| Type of Loan | Outstanding Amount (in ₹) |
|---|---|
| Home Loan | 5,44,822 |
| Overdraft | 2,53,055 |
| Mortgage Loan | 18,93,989 |
Investments in Gold and Silver
Interestingly, Nirmala Sitharaman does not own a car. However, records from the PMO reveal she possesses around 315 grams of gold, worth between ₹19.4 lakh and ₹21.18 lakh. Additionally, she has silver valued at ₹3.98 lakh.
Salary and Financial Standing
As one of the key figures in India’s economic landscape, the Finance Minister receives a monthly salary of approximately ₹4,00,000. This position not only involves high responsibility but also provides oversight for India’s financial policies and fiscal management.
Nirmala Sitharaman’s financial disclosures reflect a blend of considerable wealth, prudent investments, and a commitment to public service. As she embarks on another year, her role remains crucial in steering India’s economic policies.
