Baba Siddique Net Worth: Unveiling the Wealth of Shah Rukh Khan and Salman Khan's Close Friend
Baba Siddique, a prominent figure in Bollywood and politics, boasted a significant net worth. His assets, which included real estate holdings in Mumbai and other investments, were substantial.
Baba SiddiqueNet WorthMumbaiReal EstateBollywoodReal Estate MumbaiOct 14, 2024
In Bollywood, Baba Siddique was not just a political figure but also a dear friend of megastars Shah Rukh Khan and Salman Khan. Fans often remember him for his role in reuniting the two Khans after a prolonged feud that had left them estranged for years.
Financial Overview
According to the affidavit filed before the Maharashtra Election 2014, Baba Siddique’s total assets were approximately ₹76 crore, while his liabilities stood at around ₹23 crore. Public records compiled by MyNeta indicated no criminal cases against him.
Movable Assets
His movable assets were valued at ₹6.75 crore. This included
- ₹87,000 in cash holdings.
- Various bank deposits in institutions such as the Bank of Baroda, HSBC, and Punjab National Bank, totaling approximately ₹42 lakh.
- Shares and bonds in companies like Betala Global, Sanyo Impex, and Ambuja Cement, worth around ₹26 lakh.
- Insurance policies with a combined sum assured value of ₹72 lakh.
- Personal loans advanced, totaling ₹3.1 crore.
Immovable Assets
Baba Siddique’s immovable assets were worth ₹23 crore, comprising
- Residential properties in Bandra West, Mumbai, including Pali Gaothan and Maqba Heights, collectively valued at over ₹19 crore.
- A commercial property at God Gift CHS, valued at ₹4 crore.
Liabilities
On the liabilities front, Siddique owed ₹2.68 crore, which included
- A car loan from ICICI Bank with ₹14 lakh still outstanding.
- Loans from his son Zeeshan Siddique and Zears Impex India LLP, amounting to ₹20 lakh and ₹1.24 crore, respectively.
- A security deposit of ₹1.1 crore with Zears Developers Pvt Ltd.
Family and Legacy
Baba Siddique is survived by his wife, Shehzeen Siddique, and his children, daughter Arshia Siddique and son Zeeshan Siddique. Zeeshan is a sitting MLA for the Congress and has assets worth more than ₹8 crore, with liabilities of over ₹76 lakh, as per the affidavit ahead of the Maharashtra Election 2019.
Conclusion
Baba Siddique’s legacy is a blend of his political influence and his close ties with Bollywood. His financial details reveal a man of considerable wealth and influence, underscoring his significant contributions to both the political and entertainment landscapes of India.
About MyNeta
MyNeta is a non-profit organization that compiles and publishes detailed financial and criminal records of Indian politicians, providing transparency and accountability in the political arena.
Frequently Asked Questions
Who was Baba Siddique?
Baba Siddique, originally known as Ziauddin Siddique, was a former Maharashtra MLA and a close friend of Bollywood stars Shah Rukh Khan and Salman Khan. He was tragically gunned down on October 12, 2024.
What was Baba Siddique's net worth?
Baba Siddique’s total net worth, according to the affidavit filed before the Maharashtra Election 2014, was approximately ₹76 crore, with liabilities of around ₹23 crore.
What were Baba Siddique's major assets?
Baba Siddique’s major assets included movable assets like cash holdings, bank deposits, shares, bonds, and insurance policies, as well as immovable assets like residential and commercial properties in Mumbai.
Who is Zeeshan Siddique?
Zeeshan Siddique is Baba Siddique’s son and a sitting MLA for the Congress. He has assets worth more than ₹8 crore and liabilities of over ₹76 lakh.
What role did Baba Siddique play in Bollywood?
Baba Siddique was known for his close friendship with Bollywood megastars Shah Rukh Khan and Salman Khan. He played a significant role in reuniting the two Khans after a prolonged feud.
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