Baba Siddique Net Worth 2024: An Insight into His Wealth and Assets
Baba Ziauddin Siddique, a prominent politician and social worker, was tragically shot dead in Bandra last night. The shocking incident happened around 11:30 pm, ending the life of a 66-year-old leader from Bihar.
Baba SiddiqueNet WorthReal EstateLuxury CarsPolitical CareerReal Estate MaharashtraOct 14, 2024
According to his election affidavit, Baba Siddique's net worth was reported to be around Rs 76 crore. However, the exact extent of his wealth remains a subject of speculation. In 2018, the Enforcement Directorate (ED) seized 33 properties belonging to Siddique, valued at Rs 462 crore. These properties were linked to corruption and money laundering in slum rehabilitation schemes, indicating a much larger wealth than what was officially declared.
Siddique's assets primarily consisted of real estate, luxury cars, and valuable items like gold and jewelry. His real estate portfolio included commercial properties, agricultural plots, and residential properties across Mumbai. His election affidavit listed a range of movable assets, such as cash, bank deposits, and investments in various companies. He had a particular fondness for luxury cars, notably owning a Mercedes-Benz. His collection of gold and diamond jewelry was valued at around Rs 30 crore.
Siddique's political journey began in 1977 when he joined the Congress party, initially with the National Students’ Union of India (NSUI) and then with the Youth Congress. He was elected as a municipal corporator in Mumbai in 1992. In 1999, he was elected as a Member of the Legislative Assembly (MLA) from Bandra West and was re-elected in 2004 and 2009. Throughout his career, he held several ministerial positions in the Maharashtra government, further solidifying his influence and power.
Apart from real estate, Siddique's assets included luxury items like a Mercedes Benz A 180 Sport and a Mercedes Benz S-Class 350 L. His wife, Shehzeen Siddique, also had significant assets, contributing to an even higher total family net worth. Together, they had two children Arshia Siddique and Zeeshan Siddique, who has also ventured into politics, following in his father's footsteps.
Baba Siddique's legacy is complex, marked by both his contributions to the community and the controversies that shadowed his career. His tragic death has left many questions unanswered, and his family and followers are left to grapple with the aftermath of this shocking incident.
Frequently Asked Questions
When and where was Baba Siddique shot?
Baba Ziauddin Siddique was shot dead last night in Bandra around 11:30 pm.
What was Baba Siddique's reported net worth?
According to his election affidavit, Baba Siddique's net worth was reported to be around Rs 76 crore.
What did the Enforcement Directorate (ED) seize from Baba Siddique?
In 2018, the Enforcement Directorate (ED) seized 33 properties belonging to Baba Siddique, valued at Rs 462 crore. These properties were linked to corruption and money laundering.
What kind of luxury cars did Baba Siddique own?
Baba Siddique owned a Mercedes-Benz A 180 Sport and a Mercedes-Benz S-Class 350 L.
What was Baba Siddique's family like?
Baba Siddique was married to Shehzeen Siddique and had two children: a daughter named Arshia Siddique and a son named Zeeshan Siddique, who is also involved in politics.
Related News Articles
PBB's Q2 2024 Profits Plummet 74% Amid US Real Estate Crisis
PBB's profits fell sharply due to its exposure to the struggling US commercial real estate market, hit by rising interest rates, falling property values, and high office vacancies.
Gurgaon Real Estate Boom: How Dwarka Expressway is Transforming the Delhi-NCR Market
The Dwarka Expressway is rapidly emerging as a premier choice for investors in the Delhi-NCR real estate sector. Its strategic importance in national infrastructure plans has significantly driven economic growth and transformed Gurugram’s skyline.
Airbound, Mushin Innovative Labs, and OnePlay: A Deep Dive into their Funding Rounds
Explore the recent funding rounds of Airbound, Mushin Innovative Labs, and OnePlay, and understand how these investments are shaping the future of their respective industries.
Himachal RERA Rejects Late Homebuyer's Structural Defect Complaint
The Himachal Pradesh Real Estate Regulatory Authority (Himachal RERA) has rejected a homebuyer's complaint regarding structural defects in a flat due to the complaint being filed more than ten years after taking possession. However, the Authority has dire
REITs: The Safest Bet for Real Estate Investment
Industry experts, including Tata Realty CEO Sanjay Dutt, have highlighted Kochi as one of the most promising cities in India's real estate sector. However, they strongly recommend REITs as the safest way to invest in real estate.
How Technology is Revolutionizing High-Rise Construction in India
India’s real estate sector is undergoing a significant technological transformation, particularly in the construction of high-rise buildings. This shift is crucial for supporting the nation’s ambitious goal of achieving net zero emissions by 2070. With th