The battle for the Chief Minister’s seat in Karnataka is intensifying as the decision is yet to be made.
Siddaramaiah is reportedly leading the race, although the final verdict is still pending. Congress, after a decade, has regained power in Karnataka on its own merits.
Currently, Siddaramaiah and D.K. Shivakumar are the prominent contenders.
While Siddaramaiah enjoys the support of Rahul Gandhi, D. Shivakumar is reportedly backed by Sonia Gandhi.
Both leaders hold influential positions within the party and possess considerable wealth. However, D. Shivakumar is notably wealthier.
Let’s explore the net worth of the Karnataka CM contenders.
Congress Dominates Karnataka Elections
Before delving into the contenders’ details, let’s recap the recent elections in Karnataka.
On May 10, voting took place for the 224 assembly seats in the state.
The election results, declared on May 13, showcased a one-sided victory for Congress, securing 135 seats.
With the Congress flag soaring high once again, the focus now shifts to the CM’s chair and the ensuing power struggle.
Siddaramaiah’s Political Background and Net Worth
Siddaramaiah, who previously served as the Chief Minister from 2013 to 2018, is a prominent figure in Karnataka politics.
He won from the Varuna constituency in the Mysore region of Karnataka.
According to his affidavit submitted to the Election Commission, Siddaramaiah’s total assets amount to approximately Rs. 20 crore.
His movable assets are valued at around Rs. 4.71 crore, including cash, bank deposits, bond shares, insurance policies, a Toyota Innova car, and gold jewelry, among others.
Additionally, his immovable property is estimated to be worth Rs. 15.65 crore, consisting of agricultural land, non-agricultural land, commercial buildings, and residential flats and houses.
D.K. Shivakumar’s Rise and Wealth
D.K. Shivakumar, a prominent Congress leader and a strong contender for the CM post, holds a prominent position in southern Karnataka politics and is among the wealthiest leaders in the state.
He previously served as the Energy Minister in Siddaramaiah’s government. According to his 2018 election affidavit, Shivakumar’s assets are valued at approximately Rs.
8.40 crore. However, recent reports suggest that his wealth has crossed Rs. 1000 crore in 2023.
His movable assets are worth around Rs. 101 crore, including cash, bank deposits, bonds-shares, LIC policies, a Toyota Qualis car, and gold ornaments.
Shivakumar’s immovable assets are estimated to be worth around Rs.
738 crore, comprising agricultural land, non-agricultural land, commercial buildings, and residential and other real estate.
The race for the Chief Minister’s seat in Karnataka continues to heat up, with Siddaramaiah and D.K. Shivakumar emerging as the frontrunners.
As the power struggle ensues, the wealth and political influence of both contenders add an intriguing element to the ongoing political drama.
