PM Narendra ModiĄ¯s net worth: A look into his salary, savings, assets and Prime Ministerial perks on his 74th birthday
Prime Minister Narendra Modi turns 74 this year, celebrating his birthday on September 17. Born in 1950 in the small town of Mehsana, Gujarat, Narendra Damodardas Modi has built a remarkable career, having served as GujaratĄ¯s Chief Minister for three consecutive terms and now being IndiaĄ¯s Prime Minister for the third time.
PM Narendra ModiĄ¯s Declared Assets in 2024
In May 2024, ahead of the Lok Sabha elections, PM Narendra Modi declared his total assets worth Rs 3.02 crore in his affidavit. This disclosure is a mandatory part of contesting elections in India. Over the years, his net worth has seen a steady increase compared to previous declarations. For instance, in 2019, he declared Rs 2.51 crore, and in 2014, it stood at Rs 1.66 crore.
His assets include movable and immovable properties along with various investments. One notable investment is gold jewelry worth Rs 2.67 lakh, comprising four gold rings. PM Modi has also invested in National Savings Certificates (NSC) amounting to Rs 9.12 lakh, which is a rise from Rs 7.61 lakh in 2019. Additionally, his bank fixed deposits have grown to Rs 2.85 crore, as per the 2024 affidavit.
Unlike many other politicians, PM Modi does not own any land or stocks, nor has he invested in mutual funds. According to his declaration, he holds Rs 52,920 in cash.
PM Narendra ModiĄ¯s Salary Breakdown
As the Prime Minister of India, PM Narendra Modi earns a monthly salary of Rs 1.66 lakh. This salary is broken down into various components:
- Basic Pay: Rs 50,000
- Parliamentary Allowance: Rs 45,000
- Expense Allowance: Rs 3,000
- Daily Allowance: Rs 2,000
Housing and Perks of Being the Prime Minister
One of the major perks of being the Prime Minister is the residence at 7, Lok Kalyan Marg in New Delhi, a prime location in the national capital. The accommodation is provided rent-free, ensuring that PM Modi does not have to worry about housing costs.
PM Narendra ModiĄ¯s car
Prime Minister Narendra Modi often holds roadshows across India. When he became the Prime Minister, his official car was a BMW 760Li Hi-Security. According to cartoq, two more vehicles have been added to his convoy. He also travels in a Land Rover Range Rover Sentinel and an armoured Toyota Land Cruiser LC200.
PM Narendra Modi's?Security
As the Prime Minister, Narendra Modi enjoys top-tier security provided by the Special Protection Group (SPG). The SPG is an elite force dedicated solely to protecting the Prime Minister. These officers undergo extensive training to ensure his safety at all times, ready to make the ultimate sacrifice if necessary.
Exclusive Travel Benefits
Another significant perk that PM Narendra Modi enjoys is the use of Air India One, a special aircraft reserved for his official trips. Operated by the Indian Air Force (IAF), this plane is equipped with Self-Protection Suites and a full office setup, including conference rooms, allowing the Prime Minister to work efficiently during international travel.
Educational Background of PM Narendra Modi
Prime Minister Modi holds a MasterĄ¯s degree (M.A.) from Gujarat University and a BachelorĄ¯s degree in arts from Delhi University, which he completed in 1978. Additionally, he passed the SSC exam from the Gujarat board in 1967, showcasing his educational journey before entering the political world.
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