Abhishek Manu Singhvi Lists ₹2,869 Crore Wealth in Rajya Sabha Election Affidavit

HYDERABAD/ NEW DELHI: Senior Supreme Court advocate Abhishek Manu Singhvi, a Congress candidate in the ongoing Rajya Sabha elections, has declared assets worth over ₹2,860.36 crore in his election affidavit filed with the Election Commission of India for the Telangana Rajya Sabha seat. 

The affidavit shows combined movable and immovable assets held by him and his wife, making him one of the wealthiest candidates in the current poll cycle. 

According to the self-sworn affidavit, Singhvi’s declared income has seen a significant rise over the past five financial years. He reported an income of more than ₹374 crore in 2024-25, ₹333 crore in 2023-24, ₹359 crore in 2022-23, ₹290 crore in 2021-22 and ₹158 crore in 2020-21, taking his total declared income for the five-year period to over ₹1,516 crore. 

In a detailed disclosure uncommon for many election affidavits, Singhvi listed household and office appliances under “other fixed assets,” including items such as computers and furniture. His affidavit also states that artworks and paintings owned by him are valued at more than ₹25 crore. 

Unlike many high-net-worth individuals, the Congress Working Committee (CWC) member has declared no outstanding loans, underlining a debt-free financial status ahead of the Rajya Sabha polls. 

The nomination process this week saw another candidate, independent entrant Kante Sayanna, have his nomination rejected by election authorities for failing to produce the required number of proposers, leaving Singhvi and Congress colleague Vem Narender Reddy to be elected to the Upper House unopposed from Telangana. 

At 67, Singhvi holds a PhD from Oxford University and has had a long legal and political career, having previously served multiple terms in the Rajya Sabha and worked extensively as a senior advocate for high-profile matters before the Supreme Court of India. 

His asset declaration has attracted attention not only because of the quantum but also for the transparency in listing diverse categories of personal and professional assets, in contrast to typical affidavits that often omit detailed valuations of everyday items. 

The Rajya Sabha elections, which determine membership to the upper chamber of Parliament, are an important redux of political strength in key states, and Singhvi’s financial disclosure is likely to feature in public and media discussions as results are finalised.