Parvesh Verma's Net Worth and Properties After Defeating Arvind Kejriwal

New Delhi: The Aam Aadmi Party (AAP) supremo and former chief minister of Delhi Arvind Kejriwal has faced a crushing defeat against BJP’s Parvesh Verma for New Delhi assembly seat.

Now, let us examine the financial worth of Parvesh Verma.

Based on the election affidavit filed by Parvesh Verma, his net worth is estimated at Rs. 95 crore. He holds Rs 77 crores 89 lakhs on bank accounts and there are other assets he possesses. In addition, his wife Swati Singh Verma also owns assets worth Rs 17 crores 53 lakhs.

Parvesh Verma also has immovable assets worth 11 crores 25 lakhs, while his wife Swati Singh Verma has immovable assets worth Rs 6 crores 91 lakhs

Parvesh Verma’s financial issues are still debatable.

In accounts held solely by Parvesh Verma, he owes Rs 62 crores 60 lakhs which comprises a personal loan of Rs. 22 crores 59 lakhs advanced by his brother Siddh Siddharth Singh. His wife also carries an outstanding loan of Rs 11 crores 45 lakhs.

Parvesh Verma cash and cars
This money, 2.2 million rupees received as cash, was not given to Verma in his 2010 declaration of assets. His wife works in the private sector, along with social welfare. At the time of the election, he claimed he had stocks in social services as a source of income. He also claims to own three cars which include a Fortuner valued at about 9 lakh rupees, an Innova at 36 lakhs, and a Mahindra XUV which is priced at 11.77 lakh rupees. 

Parvesh Verma wife now owns a gold collection added with 300 grams of gold worth about 1270000.00. Apart from that, his sons gold worth of around 620000 is also in gold. This bag contains gold from his daughters along with chunks of gold from his wife providing him and their kids with securities worth of around 2150000.00 all stacked in one.

Parvesh Verma is a son of Sahib Singh Verma, the ex Chief Minister of Delhi. He was a Member of Rajya Sabha representing West Delhi. He was elected as the MP for West Delhi Parliamentary constituency in two Lok Sabha terms. He was elected for the first time in 2014 for the 16th Lok Sabha and re-elected in 2019 for the 17th Lok Sabha with the highest ever margin in the history of Delhi; 578,486 votes.