Majority of 2024 Lok Sabha winners are crorepatis: Analysis
A report by the Association of Democratic Reforms (ADR) reveals that 93% of the winning candidates in the 2024 Lok Sabha elections are millionaires, up from 88% in 2019.
An analysis conducted by the Association of Democratic Reforms (ADR) reveals that a significant 93% of the candidates who emerged victorious in the 2024 Lok Sabha winners are crorepatis, meaning they possess assets worth more than a crore rupees.
This percentage marks a noticeable increase from 88% in 2019. The top three wealthiest candidates include Chandra Sekhar Pemmasani of the TDP from Andhra Pradesh’s Guntur constituency, Konda Vishweshwar Reddy of the BJP from Telangana’s Chevella, and Naveen Jindal of the BJP from Haryana’s Kurukshetra.
Out of the total 543 winning candidates, a staggering 504 are crorepatis. This trend of affluent candidates winning elections has been steadily rising since 2009 when only 58% of MPs were crorepatis. The analysis further reveals that parties such as the BJP, Congress, DMK, TMC, and Samajwadi Party have a high percentage of crorepatis among their winning candidates.
Furthermore, the data sheds light on the disparity in wealth distribution among these elected representatives. While some candidates possess assets exceeding ₹10 crore, others have relatively modest assets, with only about 1% having assets worth less than ₹20 lakh. The average assets per winning candidate also vary significantly among major parties.
Moreover, the analysis identifies candidates with significant liabilities, with TDP’s Pemmasani topping the list with liabilities exceeding ₹1,038 crore. This stark contrast in financial profiles among elected representatives underscores the complexity of wealth distribution within Indian politics.
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