West Bengal Elections: Mamata Banerjee Reports Decrease in Assets, Claims No Real Estate or Vehicle Ownership

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West Bengal Chief Minister Mamata Banerjee has reported total assets of 15.37 lakh in her nomination affidavit for the 2026 Assembly elections, reflecting a small decrease from the 16.72 lakh she disclosed during the last elections five years ago.

According to Banerjee’s affidavit, she owns no immovable property, vehicles, or substantial investments like shares, bonds, or insurance policies.

Her declared assets are solely comprised of movable holdings amounting to 15,37,509.71, with no noted liabilities or criminal cases—the same status she reported during the 2021 elections, according to news agency PTI.
The affidavit shows a slight increase in her cash on hand, now at 75,700, up from 69,255. Nevertheless, her bank deposits constitute the majority of her savings, totaling over 12.7 lakh across her accounts.

Receivables, such as tax deductions, have seen a significant drop to approximately 40,600, down from more than 1.8 lakh reported in 2021, per PTI.

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Despite the minor decrease in total assets, the value of Banerjee’s jewellery has increased.

The affidavit details 9.75 grams of gold jewellery estimated at around 1.45 lakh, up from roughly 43,800 in the last declaration, largely due to rising gold prices in recent years.

Income shows upward trend

While her asset values are modest, Banerjee’s income has risen in recent years. The affidavit reports 23.21 lakh as her total income for 2024–25, compared to 10.34 lakh in 2019–20 as previously filed.

Her earnings have typically ranged between 15 lakh and nearly 30 lakh annually, with income sources comprising royalties and interest. She describes her profession as social work and politics.

During the 2021 elections, Banerjee was noted as the poorest chief minister in India, with her declared assets hovering around 15 lakh, according to a report by the Association for Democratic Reforms (ADR) mentioned by News18.

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Back in 2016, her assets were estimated to be approximately 30 lakh.

Electoral contest in Bhabanipur

Banerjee, the leader of the All India Trinamool Congress (TMC), is competing in the Assembly elections of 2026 from the Bhabanipur constituency, where she will face Suvendu Adhikari of the Bharatiya Janata Party (BJP).

In the previous 2021 election, she contested from Nandigram but lost to Adhikari. She later secured victory in a by-election from Bhabanipur.

The West Bengal Assembly elections are set to occur in two phases on April 23 and April 29, with results announced on May 4.

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