Prime Minister Narendra Modi Net Worth: Age, Education, Career, Family And More
Narendra Modi, the current Prime Minister of India, has captured public attention not only for his political role but also for his modest lifestyle and intriguing net worth. Let’s delve into the simplified breakdown of Modi’s net worth and the elements contributing to it.
Narendra Modi Net Worth
As of 2023, Narendra Modi’s estimated net worth stands at $0.40 million, roughly equivalent to INR 3.07 crores. This marks a notable increase from his declared net worth of INR 2.85 crores in the previous year, reflecting a rise of 22 lakhs in 2023.
| Full Name | Narendra Damodardas Modi |
| Net Worth | $0.4 Million |
| Net Worth in Rupees | Rs 3.07 Crores |
| Salary | Rs 2 lakh per month |
| Monthly Income | 2 Lakhs + |
| Profession | Politician |
| Age | 73 Yrs |
| Height | Politician |
| Yearly Income | 20 Lakhs + |
| Nationality | Indian |
| Date Of Birth | 1950-09-17 |
| Birth Place | Vadnagar |
| Gender | Male |
| Father | Damodardas Mulchand Modi |
| Mother | Heeraben Modi |
Net Worth Growth
| Year | Net Worth (Million) |
| 2023 | $0.40 Million |
| 2022 | $0.37 Million |
| 2021 | $0.34 Million |
| 2020 | $0.31 Million |
| 2019 | $0.28 Million |
| 2018 | $0.26 Million |
Assets of Narendra Modi
Modi’s assets include movable and immovable properties valued at INR 2,80,14,893 as of 2020. Surprisingly, despite his influential position, he does not possess any personal motor vehicles, yachts, or ships. His financial holdings primarily consist of bank accounts in Gujarat, with significant sums deposited in State Bank of India and Rajkot Nagarik Sahakari Co-Op Bank Ltd. Additionally, he holds fixed deposits totaling INR 1.27 crores with SBI. Modi’s jewellery collection comprises four golden rings worth INR 1.19 lakhs as of 2015.
His movable assets feature investments in L & T Infra Bonds (Tax Savings) worth Rs. 20,000, National Savings Certificates valued at approximately Rs. 5.45 lakhs, and life insurance policies amounting to Rs. 1.99 lakhs. On the other hand, his immovable assets include a one-fourth stake in a residential property in Gandhinagar. Notably, Modi does not possess any agricultural or commercial real estate.
Factors Contributing to Narendra Modi’s Net Worth
Despite holding the highest office in India, Modi maintains a frugal lifestyle, refraining from personal real estate investments or luxury vehicles. He relies primarily on his monthly salary and allowances, preferring government conveyance for travel.
Career Highlights
Modi’s political journey began in 1985 when he joined the Bharatiya Janata Party (BJP). Over the years, he ascended through the ranks, serving in various leadership roles within the party. Notably, he held the position of Chief Minister of Gujarat from 2001 to 2014 before assuming the role of Prime Minister in 2014 and subsequently in 2019.
| Year | Milestone |
| 1985 | Joined BJP |
| 1988 | Elected Organising Secretary of BJP Gujarat Unit |
| 1995 | Elected National Secretary of BJP |
| 1998 | Appointed as National Secretary of BJP |
| 2001 | Appointed Chief Minister of Gujarat |
| Held position until 2014 | |
| 2013 | Appointed to BJP Parliamentary Board |
| 2014 | Won 2014 Lok Sabha Elections from Varanasi Constituency |
| Appointed 14th Prime Minister of India | |
| 2019 | Won Lok Sabha Elections from Varanasi Constituency |
| Took oath as 15th Prime Minister of India |
Awards and Recognition
Modi’s tenure has been adorned with numerous accolades, including being named the Best Chief Minister of India in 2007 and featuring in prestigious publications such as Forbes and Time Magazine. His international recognition culminated in receiving the Seoul Peace Prize in 2019 and the Zayed Medal, UAE’s highest civilian award, in the same year. Moreover, in 2021, the world’s largest stadium in Ahmedabad was renamed the Narendra Modi Stadium in his honor.
| Year | Award/Honor/Achievement |
| 2007 | Named the Best Chief Minister of India in a survey by India Today |
| 2012 | Featured on the Cover of Asian Times Magazine |
| 2014 | Ranked Among the 15 Most Powerful People in the World by Forbes Magazine |
| 2016 | Winner of Time Magazine’s Reader Poll for Person of the Year |
| 2015 | Ranked the 9th Most Powerful Person in the World by Various Publications |
| 2016 | Ranked the 9th Most Powerful Person in the World by Various Publications |
| 2018 | Ranked the 9th Most Powerful Person in the World by Various Publications |
| 2019 | Received the Prestigious Seoul Peace Prize for activities in 2018 |
| 2019 | Conferred with Zayed Medal, UAE’s Highest Civilian Award |
| 2021 | The World’s Largest Stadium in Ahmedabad, India was renamed after him. It is now the Narendra Modi Stadium |
| 2023 | Honored with the highest national awards from 14 Countries, as disclosed by V. Muraleedharan |
Education
Born and raised in a lower-middle-class family in Gujarat, Narendra Modi’s education can be described as modest. After completing his higher secondary education, he pursued a Bachelor of Arts in political science from the School of Open Learning at Delhi University, India. Subsequently, he earned a Master’s degree in Arts from Gujarat University through distance learning.
Family
Narendra Modi was born on September 17, 1950 (at the age of 73 as of 2023) in Vadnagar, Gujarat. His father, the Late Damodardas Mulchand Modi, operated a tea stall at Vadnagar Railway Station. Sadly, in 1989, he succumbed to bone cancer. Modi’s mother, Heeraben, was a homemaker and passed away in 2022.
Modi has four brothers: Soma, Amrut, Prahlad, and Pankaj. Additionally, his sister, Vasabtiben Hasmukhlal Modi, also takes care of their household.
Wife & Children:
Narendra Modi’s marital status has been a topic of interest over the years. He was engaged to Jashodaben at a young age, but their marriage did not last, and he left her to pursue his endeavors.
Lesser-Known Facts About Narendra Modi
- Narendra Modi’s background is rooted in the oil-pressing community, belonging to the Other Backward Caste (OBC) in India.
- At the age of 17, Modi embarked on a journey across various regions of India, showcasing his early spirit of exploration and independence.
- During his youth, Modi actively assisted his father at the family’s tea stall located at Vadnagar Railway Station, reflecting his humble beginnings and strong work ethic.
- In pursuit of enhancing his skills, Modi underwent a three-month course in Image Management and Public Relations in the United States.
- Through his impactful presence on social media platforms, Narendra Modi has amassed a significant following. As of 2023, he boasts over 82 million followers on Instagram and an impressive 94 million followers on Twitter, further amplifying his influence and reach.
