Mamata Banerjee is one of India’s most visible and influential politicians. She is the Chief Minister of West Bengal and the founder of the state’s regional political party, the All India Trinamool Congress (TMC).
She has made a name for herself in Indian politics and amassed significant wealth over the years. In this article, we’ll look at Mamata Banerjee’s net worth and how she made her money.
Mamata’s Childhood and Political Career
Mamata Banerjee was born in Kolkata, West Bengal, on January 5, 1955. She began her political career as a student leader in the early 1970s and later joined the Indian National Congress. She founded the TMC in 1997, which grew to become a major political force in West Bengal.
Banerjee’s political career has been, to say the least, eventful. She has been a member of the Indian Parliament since 1984 and has served in the Indian government as a Minister of Railways, Minister of Coal, and Minister of Human Resource Development. She was elected Chief Minister of West Bengal in 2011 and has held the position ever since.
Mamata Banerjee’s Riches Sources and Net Worth
The net worth of Mamata Banerjee is estimated to be around $5 million. Her wealth is derived from the following sources:
Banerjee owns a number of properties in Kolkata and other parts of West Bengal. According to her 2016 declaration, she owns a house in Kolkata valued at Rs. 30 lacks, a flat in Kolkata valued at Rs. 1.25 crore, and a plot of land in South 24 Parganas valued at Rs. 2.75 lacks. She also owns agricultural land in the Bankura district worth approximately Rs. 1.1 crore.
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Mamata Banerjee Investments
Banerjee has made significant investments in a variety of companies and financial instruments. She owns stock in Reliance Industries, Tata Steel, and ITC Limited, among others. She’s also put money into mutual funds and fixed deposits.
Banerjee is a published author who has written several books in Bengali. She is paid royalties on the sales of these books.
Salary and Allowances: As Chief Minister of West Bengal, Banerjee receives a monthly salary of approximately Rs. 1.1 lakh. She also receives various allowances, such as travel, medical, and residence allowances.
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Mamta Banerjee Assets as Per Affidavit Submitted 2021
| Net Worth (2023) | ₹ 18 lakh |
|---|---|
| Bank Balance | ₹ 13.53 lakh |
| National Saving Certificate (NSC) | ₹ 18,490 |
| TDS 2019-20 | ₹ 1.85 lakh |
| Jewellery | ₹ 43,837 |
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Controversies
Mamata Banerjee’s wealth has previously been a source of contention. A Public Interest Litigation (PIL) was filed in the Calcutta High Court in 2012, alleging that Banerjee’s wealth was disproportionate to her known sources of income. According to the PIL, she also failed to disclose all of her assets and income in her election affidavits. The petition was dismissed by the court because there was no evidence to back up the allegations.
Banerjee declared assets worth Rs. 30 lakh in her election affidavit in 2016. However, she declared assets worth over Rs. 3 crore a few months later, including agricultural land and a flat in Kolkata. The sudden increase in her declared assets raised eyebrows, and many people wondered where her wealth came from.
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