Narendra Modi, The name i think we – NO Not we, Even a little kidooo also knew these days, Right!!! Yes The Prime Minister of India, he has been a renowned leader for many years. After a sweeping victory in the recent general elections, he has been sworn in for a record-making third term. As he takes on the responsibilities of this crucial role, let’s delve into Narendra Modi’s net worth, his salary as Prime Minister, and how it compares to other world leaders. This comprehensive overview will also explore the perks associated with his position, offering a clear picture of his financial status and benefits.

Personal Life and Early Years

Narendra Modi, born on September 17, 1950, in Vadnagar, Gujarat, is the first Prime Minister of India born after independence. Raised in a modest family, Modi balanced his studies with helping at his family’s tea stall. Influenced by Swami Vivekananda and the spiritual history of Vadnagar, Modi developed a strong desire to serve society from a young age. At 17, he traveled across India, returning with a clear vision for his future. He joined the Rashtriya Swayamsevak Sangh (RSS) in 1972 and later became a key organizer in the Bharatiya Janata Party (BJP).

Detail	Description
Name	Narendra Modi
Position	Prime Minister of India
Net Worth	Rs 3.02 Crore
Net Worth Increase Since 2014	Doubled
Affidavit Date	May 14, 2024
Parliamentary Constituency	Varanasi
Movable Assets	Rs 3,02,06,889
Fixed Deposits (SBI)	Over Rs 2.85 Crore
Gold Rings	45 grams valued at Rs 2.67 Lakh
Cash in Hand	Rs 52,920
National Savings Certificates	Rs 9.12 Lakh
Income Tax Deduction	Rs 3.33 Lakh
Immovable Assets	Nil
Spouse	Jashodaben
Spouse’s Assets	Not known
Criminal Cases	None
Liabilities	None
Residence	Ahmedabad
Profession	Public life and political activity
Education	– SSC (1967) – BA from Delhi University (1978) – MA from Gujarat University (1983)
2019 Lok Sabha Declaration	Rs 2.5 Crore including a residential plot in Gandhinagar, fixed deposits of Rs 1.27 Crore, Rs 38,750 cash in hand

Narendra Modi’s Net Worth

Narendra Modi’s net worth has been a topic of interest for many. As per his election affidavit, Modi’s personal assets are valued at approximately Rs 3.02 crore. Unlike many other politicians, Modi has declared no investments in bonds, debentures, shares, or mutual funds. His income sources are limited to his salary from the Prime Minister’s Office and interest income.

Salary of the Prime Minister of India

As Prime Minister, Narendra Modi receives a monthly salary of Rs 1.66 lakh, which totals to around Rs 20 lakh annually. This amount is comprised of:

Basic Salary: Rs 50,000

Expense Allowance: Rs 3,000

Parliamentary Allowance: Rs 45,000

Daily Allowance: Rs 2,000

Despite holding such a high-pressure and significant position, Modi’s salary is modest compared to many world leaders.

Is Renonved chess player Pragganandha earning [$500] this much? Click Read More…

Narendra Modi’s net worth has increased significantly over the years.

• 2024: Modi’s net worth is estimated to be ₹3,07,68,885 (3.07 crore) in 2024, which is an increase of half a crore compared to his net worth of ₹2.85 crores in 2023.

• 2022: As of March 2022, Modi’s assets were worth ₹2,23,82,504, which includes bank deposits, National Savings Certificates, insurance policies, and four gold rings worth ₹1.73 lakh.

• 2019: Modi’s assets were worth ₹2.5 crore, including a residential plot in Gandhinagar, fixed deposits of ₹1.27 crore, and ₹38,750 cash in hand.

• 2014: Modi’s assets were worth ₹1.65 crore, including a residential plot in Gandhinagar and fixed deposits.

The increase in Modi’s net worth is primarily due to his fixed deposits in the State Bank of India, which have grown from ₹1.6 crore to ₹1.86 crore

Do you know Jubin Nautiyal but he is earing like something. Click to learn more

Comparison with Other Indian Leaders

In comparison, the President of India earns a significantly higher salary of Rs 5 lakh per month, a figure that was revised from Rs 1.5 lakh in 2018. The Vice President of India also saw a salary hike in 2018, bringing their monthly earnings to Rs 4 lakh from Rs 1.25 lakh.

Perks Enjoyed by the Prime Minister

Beyond the salary, Narendra Modi enjoys numerous perks as the Prime Minister:

• Official Residence: He lives in the official house at 7 Lok Kalyan Marg, which comes with no rent or housing costs.

• Special Protection Group (SPG) Security: Modi is provided with SPG security, ensuring his safety at all times.

• Exclusive Aircraft: For official visits, he uses Air India One.

• Official Vehicle: He travels in a Mercedes-Benz S650 Guard, which offers bulletproof protection and can withstand AK-47 assaults.

• Post-Retirement Benefits: After retirement, a former Prime Minister is provided with free accommodation, electricity, water, and SPG security for five years.

Narendra Modi’s Net Worth with Other Country Leaders Net Worth

When considering Narendra Modi’s net worth in the broader context, it is clear that his financial situation is relatively modest compared to other world leaders.

Singapore: The Prime Minister of Singapore, Lawrence Wong, receives $2.2 million (Rs 18.37 crore) annually.

• Hong Kong: John Lee Ka-chiu earns $672,000 (Rs 5.61 crore) per year.

• Switzerland: The Swiss leader earns $495,000 (Rs 4.13 crore) annually.

• USA: President Joe Biden’s salary is $400,000 (Rs 3.34 crore) per year, plus a $50,000 allowance for incidental expenses.

• Australia: Prime Minister Anthony Albanese earns nearly $550,000 per year.

• UK: Prime Minister Rishi Sunak’s salary is $212,000 (Rs 1.77 crore) annually, aside from his personal wealth.

• China: Xi Jinping’s salary details are less clear, but in 2015, it was reported he had a 62% pay hike, bringing his monthly salary to 11,385 yuan ($136 or Rs 9.5 lakh).

Detailed Breakdown of Modi’s Financial Benefits

• Official Residence: The 7 Lok Kalyan Marg residence is one of the most prestigious addresses in India, offering state-of-the-art facilities.

• Travel and Security: The SPG security detail and exclusive use of Air India One ensure his safety and convenience during travel.

• Vehicle: The Mercedes-Benz S650 Guard is not just a luxury but a necessity for his security.

• Healthcare: As Prime Minister, Modi has access to top-tier healthcare services.

• Communication: He is provided with necessary communication tools and services, ensuring he stays connected and can perform his duties effectively.

Narendra Modi’s financial benefits extend beyond his salary. Here’s a detailed breakdown:

Narendra Modi’s Financial Prudence

Narendra Modi’s net worth reflects his financial prudence. Despite his high-profile position, he has avoided speculative investments, focusing instead on steady sources of income. This cautious approach aligns with his public image of simplicity and dedication to public service.

Coclusion

Narendra Modi’s journey from a humble background to becoming a prominent leader is marked by dedication, hard work, and a vision for a prosperous India. His story continues to inspire millions across the nation. Narendra Modi’s net worth and salary as Prime Minister of India highlight a leader who lives modestly compared to his international counterparts. His financial benefits, while significant, are balanced with his high responsibilities and the security measures required for his position. Modi’s approach to his finances underscores his commitment to transparency and service, making him a unique figure in global politics.