Rajeev Chandrasekhar’s family assets decline from ₹65 cr to ₹36 cr in 5 years; ₹680 taxable income in FY21-22

  • Rajeev Chandrasekhar, who is contesting against Congress leader Shashi Tharoor from Thiruvananthapuram seat, has declared family assets worth 36.1 crore in his election affidavit. In the affidavit filed in the 2018 Rajya Sabha elections, his family assets stood at 64.6 crore.

Gulam Jeelani
Updated5 Apr 2024, 05:30 AM IST
Union Minister Rajeev Chandrasekhar has assets worth  <span class='webrupee'>₹</span> <span class='webrupee'>₹</span>23.65 crore, down from  <span class='webrupee'>₹</span>65 crore five years ago.
Union Minister Rajeev Chandrasekhar has assets worth ₹ ₹23.65 crore, down from ₹65 crore five years ago.(Hindustan Times)

Rajeev Chandrasekhar, the Minister of State in the Ministry of Skill Development and Entrepreneurship and Electronics and Information Technology in the outgoing Union government, on April 4 filed his nomination papers for the upcoming Lok Sabha elections 2024

Chandrasekhar is contesting from Thiruvananthapuram in Kerala, the seat held by senior Congress leader Shashi Tharoor for the last three terms. Tharoor filed his nomination on April 3 from the constituency for the fourth consecutive bid in the parliamentary elections. 

65 Cr family assets in 2018

Chandrasekhar owns assets worth 23.65 crore. If offshore assets are included, his total assets are worth 28.09 crore, according to the details in the mandatory affidavit that he submitted to the Election Commission. This includes movable assets worth 13.69 crore (including offshore assets) and immovable assets worth 14.4 crore.

The assets include 10.38 crore in bank accounts, 45.7 crore negative assets of  in bonds, 41.2 crore in personal loans and jewellery worth 3.35 lakh.

Chandrasekhar’s wife Anju Chandrasekhar  owns wealth worth 12.47 crore, as per the latest affidavit. So the total family assets are worth 36 crore, down by 29 crore in last five years.

Also Read: Lok Sabha Elections 2024: 5 mutual funds, 10 stocks that Rahul Gandhi has invested in

In the affidavit filed in the 2018 Rajya Sabha elections, Chandrasekhar had declared wealth to the tune of 65 crore which included his personal movable assets worth 27.98 crore and immovable assets worth 12. 96 crore. In 2018, he had declared movable assets worth 9.41 crore owned by his wife and 7.7 crore and 6.67 crore owned by two dependents. 

680 income for 2021-22

In the 2024 affidavit, Chandrasekhar has declared a taxable income of 680 for the financial year 2021-22, the post-COVID-19 year. His wife Anju Chandrasekhar's taxable income in the same fiscal year was 18.7 Lakh. 

Chandrasekhar's taxable income has sharply declined from 10.83 crore in FY 2018-19 to nearly 5.59 lakh in 2022-23, according to his affidavit. 

Also Read: Who is alternative to PM Modi? Congress MP Shashi Tharoor responds

Chandrasekhar has no car, as per the affidavit. He has, however, declared a single vintage two-wheeler - 1942 model red Indian Scout was purchased by him in 1994 for 10,000.

In 2018-19, Rajeev's income was 10.83 crore. This was 4.48 crore in 2019-20, 17.5 lakh in 2020-21, 680 in 2021-22 and 5.59 lakh in 2022-23, according to the affidavit filed on April 4.

19.41 Cr liabilities

The Union Minister has 19.41 crore liabilities while his wife has 1.6 crore liabilities, as per the 2024 affidavit.

Chandrasekhar's rival, Shashi Tharoor has total assets of 56 crore, according the Congress leader's affidavit. This includes 49.3 crore worth of movable assets and 6.75 crore worth of immovable assets. Tharoor owns two cars – one 2016 model Maruti Ciaz and one 2020 model Maruti XL6 . In 2019, Tharoor had total assets worth 35 crore.

All 20 seats of Kerala are going to polls in the second phase of Lok Sabha Elections 2024 on April 26.

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First Published:5 Apr 2024, 05:30 AM IST
HomePoliticsNewsRajeev Chandrasekhar’s family assets decline from ₹65 cr to ₹36 cr in 5 years; ₹680 taxable income in FY21-22

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