Maharashtra elections 2024: BJP’s Parag Shah, the incumbent MLA and candidate from Ghatkopar East, is the richest candidate in the Maharashtra Assembly elections. He has declared combined assets worth Rs 3,367 crore with his wife. Shah, 55, is a prominent real estate developer and the owner of Man Infra Construction Limited.
Despite sustaining a knee joint fracture and a torn ligament from a fall at home, Shah is determined to campaign vigorously. “Doctors have advised surgery but with the elections coming up, I cannot afford to waste even a single minute. I have decided to continue campaigning,” he told The Indian Express. Until then, he has transformed his office into a makeshift hospital, complete with a hospital bed and on-site physiotherapy.
Also Read:‘Maharashtra has attracted maximum FDI in Mahayuti rule’: PM Modi champions infrastructural projects in election push
Also Read Maharashtra Elections 2024 Highlights: ‘MVA has started licking soles of Muslim Ulemas’, says Devendra Fadnavis Bengaluru woman’s auto ride turned scary when she felt a hand caressing her back. Here’s what happened next NTPC Green Energy IPO: Are you planning to subscribe? Know these 6 facts about the company before that ‘Almost got trafficked, looted, assaulted’: Woman’s scary encounter with fake cab driver at Bengaluru Airport goes viral
Shah replaced Prakash Mehta in 2019, securing victory by over 50,000 votes. Residing in a three-floor luxury apartment in Mumbai’s Chembur, Shah balances his campaign from his office within his company’s sales office in Ghatkopar.
Shah’s exponential wealth growth
Parag Shah and his wife’s declared assets include Rs 3,315 crore in movable and Rs 67 crore in immovable assets. His personal movable assets amount to Rs 2,179 crore, while his wife has assets worth Rs 1,136 crore. Compared to 2019, when Shah declared a net worth of Rs 500 crore, his wealth has grown nearly sixfold over five years.
Also Read:‘Five lakh jobs snatched from Maharashtra, big projects shifted to Gujarat’: Rahul Gandhi in Nandurbar rally
In FY 2023-24, Shah reported an income of Rs 25.7 crore, up from Rs 22.9 crore in FY 2022-23. His wife’s income also surged from Rs 5.85 crore in FY 2022-23 to Rs 16.36 crore in FY 2023-24.
- Movable assets: Rs 21,78,98,54,471 (self) and Rs 1,136,54,26,427 (spouse)
- Investments: Rs 2,129 crore (bonds and mutual funds) in Shah’s name;
» Read More
