Congress President Mallikarjun Kharge Holds Rs 38.76 Crore Assets as Election Affidavit Details Professional Background and Wealth

According to his Rajya Sabha election affidavit, Congress President Mallikarjun Kharge possesses total assets worth Rs 38.76 crore. The 83-year-old lawyer-turned-politician holds over Rs 27.39 crore in real estate and Rs 8.5 crore in bank deposits.

Congress Party President and veteran parliamentarian Mallikarjun Kharge, who launched a scathing attack on the treasury benches during recent parliamentary proceedings, balances his political leadership with a long-standing legal career. The 83-year-old leader took charge as the president of the Indian National Congress in 2022 and continues to serve as the party's central voice in Parliament. During his address, Kharge targeted the ruling government on pressing national matters, including competitive examination paper leaks and public agitations at Jantar Mantar. Beyond his public role, official election documents submitted to the Election Commission provide a comprehensive look into his professional identity, annual income, liabilities, and multi-crore asset portfolio.

1. Financial Snapshot from the 2026 Rajya Sabha Election Affidavit
In the official sworn affidavit submitted during the nomination process for the Rajya Sabha elections held in early 2026, Mallikarjun Kharge disclosed extensive details regarding his personal finances, family earnings, and legal liabilities. The affidavit lists his primary profession as a lawyer. According to the document, Kharge's total net worth, combining both movable and immovable assets, stands at approximately Rs 38.76 crore. Against these assets, he declared an outstanding financial debt of Rs 27.50 lakh.

The submission provides a year-wise account of his declared earnings over successive financial periods. For the financial year 2024-2025, Kharge reported an annual income of Rs 54.97 lakh. This reflected an increase from the previous financial year (2023-2024), during which his earnings were recorded at Rs 46.65 lakh. In FY 2022-2023, his income stood at Rs 42.78 lakh, while the figures for FY 2021-2022 and FY 2020-2021 were declared at Rs 40.57 lakh and Rs 36.41 lakh, respectively. As Congress president, Kharge receives a monthly allowance from the party to meet operational expenses. His overall revenue stream is driven by legal practice fees, salary, rental income from house properties, financial investments, and interest earned on fixed deposits.

2. Bank Account Holdings and Cash Balances
A substantial portion of Kharge's liquid wealth is held across multiple bank accounts belonging to him and his wife. The affidavit reveals that the couple maintains a combined bank deposit balance of Rs 8,46,22,373 (approximately Rs 8.50 crore). In terms of physical cash in hand, Kharge held Rs 50,000 at the time of filing, while his wife possessed cash amounting to Rs 1.50 lakh.

The financial disclosures highlight a broad banking infrastructure utilized by the family. Mallikarjun Kharge maintains 14 separate bank accounts in his name holding multi-crore balances. His wife holds 7 bank accounts containing several crore rupees. Additionally, a sum exceeding Rs 36 lakh is maintained in a dedicated Hindu Undivided Family (HUF) bank account.

3. Investments in Equity Shares, Bonds, and Precious Metals
The financial portfolio of the Congress leader includes diversified investments in stock markets, mutual funds, and precious metals. As detailed in the affidavit, Kharge has invested Rs 74,34,549 directly in equity shares. Furthermore, he holds Rs 4,08,726 in the UTI Dividend Fund along with an additional allocation of Rs 1,16,756 in the same scheme. His wife holds an identical investment of Rs 1,16,756 in UTI Bonds. Together, their combined equity and bond portfolio reaches approximately Rs 84,85,513.

The affidavit also lists significant holdings in gold, diamond, and silver jewelry. Kharge owns gold and diamond jewelry valued at Rs 38,25,000, alongside silver ornaments worth Rs 15,90,000. His wife's jewelry collection includes gold ornaments worth Rs 1,20,75,000 and silver jewelry valued at Rs 29,15,000. In total, the family's precious metal and gemstone collection is valued at approximately Rs 2,04,05,000 (Rs 2.04 crore).

4. Real Estate Portfolio and Property Holdings
Immovable assets form the largest component of Mallikarjun Kharge's total wealth. Jointly owned with his wife, their agricultural land holdings are valued at Rs 10,04,81,250. The couple also owns non-agricultural land parcels evaluated at Rs 2,18,73,373.

In terms of constructed real estate, a commercial building valued at Rs 4,00,05,625 is registered in his wife's name. Additionally, a residential building constructed and owned by the family is valued at Rs 11,15,42,700. Taken together, the total valuation of their real estate holdings, comprising agricultural plots, non-agricultural land, commercial premises, and residential property, amounts to Rs 27,39,02,948 (approximately Rs 27.39 crore).

What this means for you
Public Transparency: Property and income disclosures in election affidavits allow citizens to understand the financial background and professional credentials of political leaders.

Accountability & Governance: Transparent asset filings before the Election Commission ensure compliance with electoral regulations and provide voters with a traceable record of wealth accumulation over time.

Questions & Answers

1. What is the total net worth of Mallikarjun Kharge?
According to his Rajya Sabha election affidavit, Mallikarjun Kharge and his family hold total assets valued at approximately Rs 38.76 crore.

2. What is Mallikarjun Kharge's profession and what are his sources of income?
Mallikarjun Kharge is a lawyer by profession. His primary income sources include legal fees, salary, house property rent, financial investments, and bank FD interest.

3. What is the value of the real estate properties owned by the Kharge family?
The Kharge family owns immovable properties worth approximately Rs 27.39 crore, including agricultural land, non-agricultural land, commercial premises, and residential buildings.

4. How much money is deposited in bank accounts belonging to Mallikarjun Kharge and his wife?
Mallikarjun Kharge and his wife hold a combined bank deposit balance of approximately Rs 8.46 crore (Rs 8,46,22,373) across multiple accounts.

5. How much debt or liability has Mallikarjun Kharge declared?
According to the affidavit submitted to the Election Commission, Mallikarjun Kharge declared an outstanding financial debt of Rs 27.50 lakh.

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