Nirmala Sitharaman: Finance Minister's Net Worth, Political Career, And More

Nirmala Sitharaman, India's first full-time female Finance Minister. From her humble beginnings to her impressive net worth, explore the life and career of this influential BJP leader.

  • Amit Diwan
  • Editorial
  • Updated - 2024-07-21, 11:00 IST
nirmala sitharaman news net worth education'

Nirmala Sitharaman managed to become one of the greatest leaders in the Bharatiya Janata Party (BJP) as well as make a space for herself in India's political scenario. Her elevation to a minister of finance was an historic moment as she was the first woman in the history of India to be assigned this portfolio full-time.

Nirmala Sitharaman Education and Personal Life

niramala sitharaman

Born on 18 August 1959 in Madurai, Tamil Nadu, Sitharaman's journey to the corridors of power has been nothing less than inspiring. She is born to Narayanan Sitharaman, a railways employee, and Savitri, a homemaker. She comes from a Tamil Iyengar Brahmin family with roots traced to Musiri, Tiruchirappalli, Thiruvenkadu, Thanjavur and Salem districts.

Dr Sitharaman's academic sojourn extended from Madras and Tiruchirappalli to the illustrious Jawaharlal Nehru University (JNU) in Delhi. She completed her Bachelor's in Economics from the Seethalakshmi Ramaswami College in Tiruchirappalli and went on to secure her Master's and M.Phil in Economics from JNU.

She met her future husband, Parakala Prabhakar, at JNU. Though the two had differing political ideologies, Prabhakar leaned towards Congress versus Sitharaman's affiliation with the BJP they got hitched in 1986. They have a daughter, Parakala Vangmayi.

Nirmala Sitharaman Political Career

nirmala sitharaman net worth

In her previous position, Sitharaman was Minister of State for Commerce and Industry and was involved with corporate affairs. Her political journey also included a stint as a member of the National Commission for Women from 2003 to 2005 and as a spokesperson for the BJP.

Nirmala Sitharaman's Net Worth

nirmala sitharaman education

According to 'Myneta.info', total assets amounting to an impressive INR 2,50,99,396 belong to Nirmala Sitharaman. This consists of movable and immovable assets. She owns 315 g of gold and 2 kg of silver. She doesn't own a car, but a Bajaj Chetak scooter is there in her name. She has non-agricultural land in the vicinity of Hyderabad worth nearly INR 16 lakhs. The value of her immovable property has been declared at INR 1,87,60,200. She has declared personal loans of 3,50,000 and 30,44,838 rupees.

She declared in her Rajya Sabha electoral affidavit that she had cash of the value of INR 17,200 and a bank Fixed Deposit of INR 45,04,479.

It is the reason that Nirmala Sitharaman's elevation to one of the most critical positions in the Indian government gives inspiration to women all over the country. Her trajectory from a middle-class background to being the Finance Minister of the world's largest democracy epitomises dedication, intellect, and political acumen.

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