Chirag Paswan’s asset parade: Politics, gold, and Fortuners

Chirag Paswan, a prominent Member of Parliament (MP) from Bihar, has carved a unique niche for himself in Indian politics. He is the son of the late Ram Vilas Paswan, a significant political figure and founder of the Lok Janshakti Party (LJP). This article delves into his personal life, political ascent, and financial disclosures, providing a comprehensive overview of this dynamic young leader.

Chirag Paswan Bio

Chirag Paswan Early Life and Personal Background

Chirag Paswan was born on October 31, 1982, in Khagaria, Bihar, into a politically influential family. His father, Ram Vilas Paswan, was a prominent Dalit leader and served as a Union Minister in multiple governments. Chirag completed his schooling at the National Institute of Open Schooling (NIOS) in Delhi and pursued his engineering degree from the Institute of Engineering and Technology in Jhansi. He dropped out of College in his third year. 

Before stepping into politics, Chirag had a brief stint in the Bollywood film industry, starring in the movie “Miley Naa Miley Hum” in 2011. However, he soon shifted his focus to politics, following in his father’s footsteps. His decision to enter politics was driven by a desire to contribute to societal development and uphold his father’s legacy.

Chirag Paswan Political Ascent

Chirag Paswan’s political career officially began in 2014 when he contested and won the Lok Sabha election from Jamui, Bihar, as a candidate of the Lok Janshakti Party. His victory marked the beginning of his significant role in Bihar’s political landscape. As the chairman of the LJP’s parliamentary board, Chirag played a crucial role in the party’s strategy and policy formulation.

In 2020, following the demise of his father, Chirag Paswan assumed leadership of the Lok Janshakti Party. Under his leadership, the party took a firm stand on various issues, including advocating for the rights of Dalits and other marginalised communities. Despite facing numerous political challenges, Chirag has managed to maintain his party’s relevance and continue his father’s legacy.

Chirag Paswan Income and Net Worth 

Chirag Paswan’s financial disclosures, as per his latest election affidavit, provide a comprehensive insight into his financial status. His income is reported at ₹12,08,090, while his net worth is ₹2,68,75,873. 

Chirag Paswan Movable Assets

Chirag Paswan has ₹42,000 in cash. His bank deposits are spread across three accounts: ₹3,65,179 in Canara Bank, New Delhi, ₹14,25,099 in SBI, New Delhi, and ₹60,00,000 in SBI, Hajipur, amounting to a total of ₹77,90,278 in deposits.

Chirag Paswan also holds personal loans or advances totalling ₹3,12,000. In terms of motor vehicles, he owns a Gypsy Model 2015 valued at ₹5,00,000 and a Fortuner Model 2014 worth ₹30,00,000, totalling ₹35,00,000. His jewellery, consisting of 250 grams of gold, is valued at ₹14,40,595.

Chirag’s investments in bonds, debentures, and shares are substantial, as he is a shareholder and director at a few companies. The details are provided in the table below:

Chirag Paswan Immovable Assets 

His immovable assets include a residential building located at 221/A Sri Krishnapuri, Patna, with a total area of 5512 sq. ft. and a built-up area of 3307 sq. ft. This property has a current market value of ₹1,02,00,000.

Conclusion

Chirag Paswan’s journey from an actor to a prominent political leader in Bihar is marked by his dedication to public service and his strategic acumen. As the leader of the Lok Janshakti Party, he has upheld his father’s legacy while carving out his path in the complex world of Indian politics. His financial disclosures reflect a well-rounded and prudent approach to asset management, highlighting his diverse investment portfolio. As Chirag continues to navigate the political landscape, his leadership and vision will play a crucial role in shaping the future of Bihar and the LJP.