Narendra Modi Net Worth
Narendra Modi has an estimated net worth of $100 thousand. Narendra Modi is best known for rising from humble beginnings to become prime minister of India. He earns most of his income from his political career.
Narendra Modi grew up as the son of a street merchant in the Indian town of Vadnagar. He entered politics as a young man and quickly rose through the ranks of the Hindu nationalist political party Rashtriya Swayamsevak Sangh. In 1987, Modi joined the mainstream Bharatiya Janata Party, eventually rising to the position of national secretary. He was elected Prime Minister of India in 2014 and re-elected five years later.
To calculate the net worth of Narendra Modi, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$100 Thousand|
|Monthly Salary:||$3 Thousand|
|Annual Income:||$40 Thousand|
|Source of Wealth:||Politician|
Narendra Modi was born in the small town of Vadnagar in the Indian state of Gujarat. His father was a street vendor who struggled to provide for his family. To help, Narendra and his brother sold tea near a bus terminal. Despite being an average student, Modi spent hours in the library and was known as a strong debater. In his early teens, he joined the Akhil Bharatiya Vidyarthi Parishad, the student wing of the Hindu nationalist political party Rashtriya Swayamsevak Sangh (RSS).
Modi married at the age of 18 in an arranged marriage but spent little time with his bride. They eventually split up, with Modi claiming to be single for quite some time.
Early Political Career
In Gujarat, Modi dedicated his life to politics, joining the RSS in 1971. During the 1975-1977 political crisis, Prime Minister Indira Gandhi declared a state of emergency, effectively prohibiting political organizations such as the RSS from operating. Modi went underground and wrote a book about his experiences as a political fugitive, Sangharsh ma Gujarat (Gujarat in Emergency). He earned a bachelor’s degree in political science from Delhi University in 1978 and a master’s degree in political science from Gujarat University in 1983.
Narendra Modi joined the Hindu nationalist Bharatiya Janata Party (BJP) in 1987. His ascension through the ranks was rapid, thanks to his wise choice of mentors. He advocated for business privatization, small government, and Hindu values. Modi was elected BJP national secretary in 1995, a position from which he successfully resolved internal leadership disputes, paving the way for BJP election victories in 1998.
Gulbarg Massacre and Alleged Complicity
A commuter train was allegedly attacked by Muslims in February 2002, while Modi was the chief minister of Gujarat. In retaliation, an attack was carried out on Gulbarg’s Muslim neighborhood. As the violence escalated, Modi imposed a curfew and gave police shoot-to-kill orders.
Following the restoration of peace, Modi’s government was chastised for the harsh crackdown, and he was accused of allowing the killings of over 1,000 Muslims, as well as the mass raping and mutilation of women. After two investigations contradicted each other, the Indian Supreme Court concluded that Modi was not at fault.
Gujarat Chief Minister Narendra Modi was re-elected in 2007 and 2012. Modi’s hardline Hinduism softened during those campaigns, and he spoke more about economic growth, focusing on privatization and encouraging policies that would shape India as a global manufacturing epicenter. He was credited with bringing prosperity and development to Gujarat, though critics claimed he did little to alleviate poverty and improve living conditions.
Elected Prime Minister
In June 2013, Modi was chosen to lead the BJP’s 2014 election campaign to the Lok Sabha (India’s lower house of parliament), while a grassroots campaign to elect him prime minister was already underway. Modi campaigned hard, portraying himself as a pragmatic candidate capable of reviving India’s economy, while his detractors portrayed him as a divisive and controversial figure.
Modi and his party were elected to 282 of the 534 Lok Sabha seats in May 2014. The victory dealt a crushing defeat to the Indian National Congress, which had dominated Indian politics for the previous 60 years, and sent a message that India’s citizens supported an agenda that shifted the country away from a secular, socialist state and toward a more capitalist-leaning economy with Hindu nationalism at its core.
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