The Association for Democratic Reforms (ADR) has released a report titled ‘Analysis of Criminal Background, Financial, Education, Gender and other details of Sitting Rajya Sabha MPs 2023’, revealing insights into the financial status of sitting Rajya Sabha MPs in India.
According to the report, the poorest Rajya Sabha MP is Balbir Singh from the Aam Aadmi Party (AAP), with total assets amounting to ₹3.72 lakh. Another AAP member, Sanjay Singh, also features among the poorest MPs with declared assets of ₹6.60 lakh.
The second poorest Rajya Sabha MP is Maharaja Sanajaoba Leishemba from the Bharatiya Janata Party (BJP), representing Manipur, with total assets worth ₹5.48 lakh.
On the other end of the spectrum, the richest sitting Rajya Sabha MP is Dr. Bandi Partha Saradhi from the Telangana Rashtra Samithi (TRS), with declared assets exceeding ₹5,300 crore. Alla Ayodhya Rami Reddy from the Yuvajana Sramika Rythu Congress Party (YSRCP) holds the second position with assets worth ₹2,577 crore. Jaya Amitabh Bachchan ranks third among the richest MPs, with declared assets valued at ₹1,001 crore.
The report also sheds light on the number of billionaire Rajya Sabha MPs, revealing that out of the total 225 sitting MPs, 27 (12%) are billionaires, with assets exceeding ₹100 crore. These billionaire MPs span across various major parties, with BJP, INC, YSRCP, AAP, TRS, and RJD having representatives who fall in this category.
In terms of party-wise distribution of assets, the report highlights that the Telangana Rashtra Samithi (TRS) has the highest net worth MPs, totaling 7 members with assets amounting to ₹5,596 crore. YSRCP follows with 9 MPs holding assets worth ₹3,561 crore. The Bharatiya Janata Party (BJP) has 85 MPs with assets totaling ₹2,579 crore. The Indian National Congress (INC) and Aam Aadmi Party (AAP) have 30 MPs with assets worth ₹1,549 crore and 10 MPs with assets totaling ₹1,316 crore, respectively.
The total assets of all 225 sitting Rajya Sabha MPs amount to Rs. 18,210 Crores, showcasing a wide spectrum of wealth distribution among the country’s parliamentary representatives.
