Politicians are better known for their leadership assets and assets for their monetary and other physical assets, but the congregation of those elected by the people for the 15th Lok Sabha is more valuable than a vast majority of the public companies in India.

There are close to 4700 listed companies in India, out of which just about 150 companies have a market valuation of more than Rs 3000 crore.

300 crorepaties in Lok Sabha...

There are as many as 300 crorepaties among the 543 representatives elected in the recent Lok Sabha polls and the combined asset size of all the new MPs is well in excess of Rs 3000 crore. Besides, their average asset works out to over Rs five crore, which compares with a per capita income of just about Rs 38,000 a year for the citizens of the country, where over 28 crore people live below poverty line.

According to the information furnished by the Election Commission, there are MPs that have zero asset and those who boast of property and cash of over Rs 100 crore each. There will be an estimated 300 MPs with assets worth Rs one crore or more in the new Lok Sabha, which is nearly double from 154 in the 14th Lok Sabha.

But, money flow does not seem to be a one-way street even in the politics. Alongside, 300 crorepaties having won their ways to Lok S1abha in the just ended general elections, a similar number of MPs are also burdened with financial liabilities, mostly loans. However, the MPs with liability exceeding Rs one crore are only 24, just eight per cent of total crorepatis in terms of assets.

TDP's Namma Nageswara Rao, who has won the election from Khammam in Andhra Pradesh, leads the tally of MPs with assets worth about Rs 174 crore, followed by Congress leader and industrialist Naveen Jindal (Rs 131.07 crore). Jindal has won the election from Kurukshetra in Haryana for the second time.

A total of four MPs have assets worth more than Rs 100 crore and include Congress' L Rajagopal in Andhra Pradesh and NCP's Padamsinha Bajirao Patil from Maharashtra. These are followed by NCP's Praful Patel (Rs 89.9 crore). Congress' G Vivekanand (Rs 72.9 crore), Congress' Y S Jaganmohan Reddy (Rs 72.8 crore), Congress' Rajkumar Ratna Singh (Rs 67.8 crore), Akali Dal's Harsimrat Kaur (Rs 60.3 crore) and NCP's Supriya Sule (Rs 50. 4 crore).

Besides, there are BSP's Surendra Singh Nagar (Rs 49.2 crore), BJP's Shivakumar Udasi (Rs 48.2 crore). Congress ' Preneet Kaur (Rs 42.3 crore), Congress' Annu Tandon (Rs 42.1 crore), Congress' Rajamohan Reddy (Rs 36.3 crore), Congress' Priya Dutt (Rs 34.9 crore) and Congress' Kapil Sibal (Rs 31.9 crore).

In terms of parties, Congress has as many as 138 crorepati MPs followed by BJP's 58, SP's 14 and BSP's 13. Besides, there are 11 from DMK, nine from Shiv Sena eight from JD(U), seven from NCP and six each from BJD and AITC.

Andhra MPs richest block. Haryana tops in average wealth

When it comes to states, Andhra Pradesh does not account for even ten per cent of total Lok Sabha seats, but the 42 MPs from the state together have emerged as the richest block in the lower house ot parliament with a collective wealth of over Rs 600 crore.

However, in terms of average wealth, Haryana is on the top with 10 MPs selected from the state owning assets worth an average of over Rs 18 crore. Nearly, 15 per cent of population in both Andhra Pradesh and Haryana are estimated to be below poverty line.

In terms of combined assets of their elected Lok Sabha representatives, AP is on the top with assets worth Rs 606 crore and is followed by Maharashtra (close to Rs 500 crore), Tamil Nadu (about Rs 450 crore), Uttar Pradesh (about Rs 400 crore) and Haryana (Rs 181 crore) in the top five. Karnataka and Punjab are the only two other states where MPs' combined assets top Rs 100 crore – about Rs 160 crore in the southern state and Rs 150 crore in the agriculture-dominated northern state.
On the basis of average asset size, Andaman & Nicobar is followed by Manipur, Tripura, Nagaland, Mizoram among the five poorest states or Union territories. The average asset size in these five states, as also in Chattisgarh and West Bengal, is below Rs one crore.

At the same time, six states – Haryana, AP, Meghalaya, Tamil Nadu, Punjab and Maharashtra –boast average asset size of more than Rs 10 crore for the winners of the polls for 15th Lok Sabha.