Now Reading: Prashant Kishor declares Rs 198 crore net worth in affidavit
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Prashant Kishor declares Rs 198 crore net worth in affidavit
Jan Suraaj Party founder Prashant Kishor, who won the Bankipur bypoll on July 30, declared a net worth of nearly Rs 198 crore in his election affidavit. His movable assets total Rs…
The Story in Brief
Jan Suraaj Party founder Prashant Kishor, who won the Bankipur bypoll on July 30, declared a net worth of nearly Rs 198 crore in his election affidavit. His movable assets total Rs 122 crore, including Rs 7.36 crore in fixed deposits with HDFC Bank, Rs 63 lakh in equities (Bharti Airtel and Indian Overseas Bank shares), and mutual funds. His wife holds Rs 95.26 crore in shares of Vedhas Ventures Private Ltd. Immovable assets, worth Rs 86 crore, comprise non-agricultural land and residential buildings. Kishor has two life insurance policies worth over Rs 5 crore. He entered politics after working as a strategist for multiple parties, including the BJP and Congress.
The Indian Opinion
The focus on Kishor's Rs 7.36 crore in fixed deposits compared to just Rs 63 lakh in equity is missing the point: his wife's Rs 95 crore in a single private company is the real concentration risk. The narrative that his portfolio is 'tax-inefficient' assumes he wants maximum returns, but he may value certainty over yield. A fair test would be seeing if he shifts to more diversified investments in the next affidavit.
Sources (2): livemint.com, livemint.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
