Ajit Pawar's Net Worth and Legacy: A Closer Look at the Late Maharashtra Deputy Chief Minister
The tragic death of Maharashtra Deputy Chief Minister Ajit Pawar in a plane crash at Baramati on Wednesday morning has shocked the nation. Pawar was not just the state’s deputy chief; he was one of the most towering figures in Maharashtra’s modern politics. His last election affidavit put his declared net worth at a little over Rs 103 crore. His total assets were valued at around Rs 124 crore, and his liabilities at Rs 21 crore.
Pawar’s assets were a healthy mix of agricultural land, real estate, financial investments, and properties. He also reported movable assets worth over Rs 8 crore and immovable assets exceeding Rs 37 crore during the 2024 Maharashtra Assembly elections. This diverse portfolio reflects his multifaceted business interests and political clout.
Pawar is survived by his spouse, Rajya Sabha MP Sunetra Pawar. Her declared assets include movable assets of over Rs 14 crore and immovable assets of around Rs 58 crore. This substantial wealth underscores the family’s significant financial standing and influence in the political and business spheres of Maharashtra.
Back in 2021, reports noted that Ajit Pawar and family were worth significantly more, with tax officials attaching Rs 1,000 crore worth of their assets in a benami property investigation. However, in 2024, the tax tribunal cleared the charges against the late minister and his family, and passed an order to return the attached properties. This legal victory further solidified their financial and social status.
The tragic crash this morning also claimed the lives of five others, according to initial ground reports. Reports state that ATC received information about the crash of the chartered flight at 9.12 am. The plane took off from Mumbai at 8.10 am. Further details are awaited, and the incident has sparked widespread grief and concern.
The Indian stock markets, which are headquartered in Mumbai, Maharashtra, are on the watch for possible fluctuations in the morning rally due to the news of Pawar’s untimely demise. The current bourse rally seems to be heavily powered by the recent announcement of the EU-India FTA. The markets may see some volatility as investors and stakeholders assess the implications of this significant loss.
Ajit Pawar’s legacy extends beyond his financial wealth. He was a key figure in shaping the political landscape of Maharashtra and was known for his leadership, vision, and dedication to the state’s development. His passing is a significant loss to the political and business communities, and his contributions will be remembered for years to come.
