Rs 2,970 crore property including palatial Jai Vilas Mahal: How much is Jyotiraditya Scindia worth?

Senior Congress leader and former Union minister Jyotiraditya Scindia on Wednesday joined the Bharatiya Janata Party (BJP), a day after he ended his 18-years-old association with the Congress party.

BJP president JP Nadda symbolically inducted Scindia into the party by offering him a party stole and a bouquet in front of the media at the BJP headquarters here.

Scindia’s resignation from the party, that triggered the resignation of 22 MLAs who are his loyalists, has left the Kamal Nath-led Congress government in Madhya Pradesh in a turmoil.

He was the Union Minister of State for Commerce and Industry in the UPA-II government between 2009 and 2012. Scindia was Union Minister of State (Independent Charge) of Power between 2012 and 2014.

He was a strong critic of the Narendra Modi government in its first term and articulated his concerns in the Lok Sabha.

Belonging to a political family, Scindia was first elected to Lok Sabha from Guna in 2002 after his father Madhavrao Scindia died in an airplane crash. Madhavrao Scindia was elected to the Lok Sabha in 1971 at the age of 26 and went on to win nine consecutive elections from the Gwalior and Guna constituencies.

Jyotirdaditya Scindia suffered a shock defeat from Guna parliamentary seat in the 2019 Lok Sabha polls.

Here’s all you need to know about Scindia’s wealth;

Well, Scindia who belongs to the erstwhile Gwalior princely dynasty owns properties worth over Rs 2 billion which includes a palace that was inherited to him.

Moreover, he also owns a 1960 model BMW car which is a part of his inheritance as per the affidavit filed alongwith nomination papers.

Scindia’s ancestral property includes Jai Vilas Mahal that spread across 40 acres in Gwalior, a 19-acre land in Maharashtra’s Shrigonda and 43 acres in Limban village.

The total value of all his properties is assessed at Rs 2,970,048,500.

In addition to this, he also owns two properties in Samudra Mahal in Mumbai which is valued at Rs 3,19,770,000.

Well, this is not it. He had also declared that his fixed deposits amounts to Rs 30,187,000 and Rs 33,339,827.

The Income Tax Returns that he filed in the previous financial year showed his annual income at rs 15,156,720 and his wife Priyadarshni Raje’s at Rs 2,50,400.

The affidavit said that Scindia’s annual income from the ancestral property is Rs 4,67,410 and he owns jewellery weighing around 2,066 gm that is valued at Rs 86,853,219.-PTI news