Nitish Kumar Net Worth: Bihar is set to witness the swearing-in of veteran JD(U) leader Nitish Kumar as Chief Minister for the tenth time on Thursday, 20 November. The ceremony will take place at Gandhi Maidan in Patna at 11:30 AM, and is expected to be attended by Prime Minister Narendra Modi along with several other political leaders and dignitaries. The event comes after the NDA’s decisive victory in the recent state elections, reaffirming Kumar’s position as one of the most experienced and influential leaders in Bihar politics. Known for his administrative skills and long political career, Kumar has played a key role in shaping the state’s development agenda over the past decades.
Nitish Kumar’s Net Worth and Asset Details
According to his latest asset declaration, made public on 31 December 2024, Nitish Kumar has a net worth of approximately ₹1.64 crore. His financial profile is relatively modest compared to many of his cabinet colleagues. His cash-in-hand amounts to ₹21,052, while his total bank deposits across various accounts are around ₹60,811. Kumar’s movable assets, which total nearly ₹16.97 lakh, include a Ford EcoSport car valued at ₹11.32 lakh, two gold rings and one silver ring worth ₹1.28 lakh, 13 cows and 10 calves valued at ₹1.45 lakh, and household items such as a treadmill, exercise cycle, and microwave oven.
Kumar owns only one immovable property: an apartment in a cooperative housing society in Dwarka, New Delhi, purchased in 2004 for ₹13.78 lakh and now valued at approximately ₹1.48 crore. He does not possess any residential property or land in Patna. His modest financial assets stand out in contrast to other ministers in the state government, many of whom have significantly higher declared wealth.
Annual Asset Disclosure Rule
The Bihar government requires all cabinet ministers to declare their assets and liabilities annually. Nitish Kumar’s latest declaration follows this requirement, showing transparency in his financial affairs and reflecting his relatively simple lifestyle despite holding a high office for many years.
Longest-Serving Chief Minister of Bihar
Nitish Kumar is Bihar’s longest-serving Chief Minister. He first assumed office in 2005, succeeding RJD leader Lalu Prasad Yadav, and is credited with steering the state towards development initiatives and governance reforms. His tenure has seen a brief interruption after the 2014 Lok Sabha elections when he stepped aside for his then-aide Jitan Ram Manjhi, who later became a political rival. Over the years, Kumar has remained a central figure in Bihar politics, known for his administrative experience, political acumen, and ability to maintain coalition alliances, which has helped him retain power repeatedly.
