Analysis of Candidates’ Assets
As Phase-3 of the Lok Sabha Election 2024 approaches, data from the Association for Democratic Reforms (ADR) reveals significant financial stakes among contestants. Out of the 1,352 candidates vying for seats in this phase across 12 states and union territories, a striking 29 percent are declared crorepati, reflecting the financial diversity among political aspirants.
Average Asset Per Candidate
The ADR analysis unveils that the average asset per candidate contesting in Phase-3 stands at ₹5.66 crore, indicating the substantial financial resources at play in the electoral arena.
Wealthiest Contenders
Pallavi Shrinivas Dempo, BJP’s candidate from South Goa, emerges as the wealthiest contender with assets totaling a staggering ₹1,361 crore.
Union Minister Jyotiraditya M Scindia, contesting from Guna in Madhya Pradesh, follows closely with assets worth ₹424 crore.
Distribution Across Parties
Notably, all three candidates from JD(U), five from Shiv Sena (UBT), and three each from NCP, RJD, and NCP(SCP) are classified as crorepati.
Among the AITC candidates, four out of six declare assets exceeding ₹1 crore, underscoring the financial clout within the party.
Individual Wealth Highlights
Khalilur Rehman, TMC candidate from Jangipur, boasts assets valued at over ₹51 crore.
Independent candidate Mohammed Jamal Saikh, contesting from Maldaha Dakshin, declares total assets of ₹41,000, showcasing a stark contrast in financial profiles.
Party-wise Analysis
The BJP sees 77 out of 82 candidates and the Congress with 60 out of 68 candidates classified as crorepati, emphasizing the prevalence of wealth among candidates from major parties.
The average assets of candidates vary across parties, with NCP (Sharadchandra Pawar) candidates averaging ₹89.68 crore, NCP candidates averaging ₹62.64 crore, and BJP candidates averaging ₹44.07 crore.
In contrast, the average assets of Congress candidates stand at ₹20.59 crore, while Shiv Sena (Uddhav Balasaheb Thackeray) candidates possess an average of ₹5.65 crore, and two Shiv Sena candidates declare combined assets of ₹9.81 crore.
Nomination Statistics
Following scrutiny, 1,563 nominations were deemed valid, highlighting the robust participation in the electoral process.
Maharashtra’s Osmanabad constituency witnesses the highest number of 77 nomination forms, indicating the keen interest and competitive spirit in the region.
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