KN Rajanna Net Worth: Karnataka's Cooperation Minister KN Rajanna Risgns; Know His Financial Assets

Karnataka's Cooperation Minister, KN Rajanna, has stepped down following his public remarks about "vote theft" during the Congress government's time in the 2024 Lok Sabha elections. His statement stirred significant controversy and led to his resignation.

Rajanna's comments have sparked widespread debate and criticism across political circles. The allegations of electoral malpractice have put the Congress party under scrutiny, raising questions about the integrity of the electoral process during their governance.

KN Rajanna Net Worth

As per the data available online, KN Rajanna declared his net worth approximately Rs 23 crores in 2023. While in 2013, KN Rajanna had around Rs 5 crore.

In 2008, his net worth was reported to be about Rs 16 crore.

Educationally, the candidate holds a Bachelor of Science degree from Government Science College, Tumkur Mysore University (1972), and an LLB from Vidyodaya Law College, Tumkur Bangalore University (1984).

Income Tax Details

The income tax returns for the financial years from 2017-2022 show varying incomes for both the candidate and their spouse. For instance, in 2021-2022, the candidate's income was approximately Rs 19 lakh, while their spouse's income was about Rs 28 lakh. The Hindu Undivided Family (HUF) reported an income of around Rs 11 lakh for the same period.

Movable Assets

The movable assets include cash holdings of approximately Rs 77 lakh across different family members. Bank deposits total around Rs 2 crore. Investments in shares and bonds amount to roughly Rs 5 lakh. Additionally, personal loans given out stand at about Rs 8 crore.

Immovable Assets

The immovable assets comprise agricultural land valued at approximately Rs 4 crore and non-agricultural land worth around Rs 3 crore. Residential properties are valued at about Rs 13 crore. The total market value of these assets is estimated to be around Rs 21 crore.

Liabilities

The liabilities include loans from banks and financial institutions totaling approximately Rs 4 crore. Loans due to individuals or entities amount to roughly Rs 8 crore. Other liabilities are minimal, with government dues being negligible.

This information is based on a self-declared affidavit filed during elections.