Inflation and food prices are unlikely to affect their monthly household budget. At least 77% of the Union council of ministers are crorepatis, whose average asset value is pegged at Rs 10.3 crore — Rs 3 crore higher than their declaration two years ago.
Heavy industries minister Praful Patel (assets worth Rs 122 crore) tops the rich list, followed by junior I&B minister S Jagathrakshakan (Rs 70 crore) and urban development minister Kamal Nath (Rs 41 crore).
The data, analysed by the Association for Democratic Reforms, shows the highest asset increase has been for DMK’s Jagathrakshakan, whose worth shows a rise of Rs 64.5 crore in only two years (from Rs 5.9 crore in 2009 to Rs 70 crore in 2011). Patel is second in line, with an increase of Rs 42 crore (from Rs 79.8 crore in 2009 to Rs 122 crore in 2011), followed by Kamal Nath, whose assets rose by Rs 26 crore from Rs 14 crore in 2009 .
Jagathrakshakan also tops the list for highest asset increase percentage wise. The minister’s assets have shot up by 1,092%. Congress’s MoS (textiles) Panabaka Lakshmi is in second spot, with a growth of 828% while, MoS (road transport and highways) Tusharbhai Chaudhary recorded a 705% jump.
As many as 15 ministers have shown a dip in assets. Agatha Sangma, Prateek Patil, Virbhadra Singh, R P N Singh, D Napoleon, Vincent Pala, Jitin Prasada, Veerappa Moily, P Chidambaram, Jaipal Reddy, Farooq Abdullah, Preneet Kaur, Jairam Ramesh, S M Krishna and G K Vasan are part of the diminishing assets club.
RICH & RISING
Jagathrakshakan | DMK
MoS for Information
and Broadcasting Assets: 5.9cr in 2009
70cr in 2011
Praful Patel | NCP
Heavy industry Assets: 79.8cr | 2009
122cr | 2011
Kamal Nath | CONG
Urban development Assets: 14cr | 2009
41cr | 2011
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