Following his impressive election win, Nayab Singh Saini is set once again to assume the role of Chief Minister in Haryana. With the BJP securing a solid victory in the recent state elections, Saini will be sworn in as CM on Thursday, October 17, 2024. As he prepares to lead the state government for another term, there has been significant public interest in his personal wealth and financial holdings.
Nayab Singh Saini’s Net Worth
During the election process, Saini disclosed his total assets, providing a glimpse into his financial standing. According to his affidavit, his wealth amounts to Rs 5 crore 80 lakh 52 thousand 714, while he also carries a debt of Rs 74 lakh 82 thousand 619. Over the past five years, Saini’s net worth has seen considerable growth. In 2019, his total assets were valued at Rs 3 crore 57 lakh 85 thousand 621, with outstanding debts of Rs 57 lakh 34 thousand 878. The sharp increase in his assets reflects his rising financial position during his political career.
Breakdown of Nayab Singh Saini’s Assets
Saini’s asset portfolio includes a mix of movable and immovable properties. Currently, he owns three vehicles, consisting of two Toyota Innovas and one Toyota Qualis. In terms of real estate, he holds agricultural land worth approximately Rs 65 lakh. His primary residence, however, is registered under his wife’s name and is valued at Rs 4.20 crore.
In addition to these properties, Saini has also made smaller investments in financial instruments. He has put aside Rs 8 lakh 85 thousand 592 in a Public Provident Fund (PPF) account, and holds an LIC policy valued at Rs 2 lakh in his name. When it comes to gold, Saini owns 30 grams, while his wife possesses 100 grams of gold. Their combined family jewellery is estimated to be worth around Rs 3 lakh.
Saini’s movable assets, which include vehicles, bank accounts, and investments, are worth Rs 72.68 lakh. On the other hand, his immovable assets—primarily his real estate holdings—are valued at Rs 4.85 crore. The couple also maintains liquid cash reserves, with Saini holding Rs 1.75 lakh and his wife having Rs 1.40 lakh.
Recent Political Shift and Leadership
Just six months prior to the Haryana Assembly elections, the Bharatiya Janata Party (BJP) decided to replace the then-Chief Minister, Manohar Lal Khattar, with Nayab Singh Saini. This strategic move was aimed at appealing to specific caste dynamics in the state. The decision has since proven to be a masterstroke, as under Saini’s leadership, the BJP won a decisive victory.
On October 17, 2024, Saini was sworn in as the Chief Minister of Haryana for the second time. His ability to unite the party and deliver electoral success further solidifies his position as a critical leader in the state’s political landscape.
Conclusion
Nayab Singh Saini’s rise to political prominence is accompanied by a significant increase in his personal wealth. With assets worth over Rs 5.80 crore and a growing portfolio of real estate, vehicles, and investments, Saini’s financial standing is reflective of his success in both politics and personal life. As he prepares to take on another term as Chief Minister, his leadership and financial acumen will likely continue to draw attention from both supporters and critics alike.
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