The two-time Rajya Sabha MP, Sitaram Yechuri lived a life marked by scars and triumphs. His political career was forged in fascinating anecdotes. Unfortunately, he passed away on September 12, 2024, following a long battle with a disease.
Starting out as a student leader, he eventually joined the Communist Party of India (Marxist) in 1975.
He played a significant role during the peak years of coalition politics. In 2015, he became the CPI (M)’s general secretary and was a member of the Rajya Sabha from 2005 to 2017.
In all these years of his political career, Sitaram Yechuri might have amassed a significant net worth. The exact amount, however, remains a mystery.
Sitaram Yechhury, with a net worth of over 90K, had two cars and other assets!
Yechuri was CPI’s Rajya Sabha MP from West Bengal since July 2005 and served till 2017. He mainly earned the salary as the MP.
According to The Economic Times, the base pay for an MP is $1190.97 (INR 1,00,000). They also receive an allowance of $833.68 (INR 70,000).
Additionally, MPs also receive $714.58 (INR 60,000) and $23.82 (INR 2,000) as office allowance and daily allowance during Parliamentary sessions, respectively.
Along with enjoying 34 domestic flights annually, they also receive an allowance of $1786.45 (INR 1.5 lakh) per year for internet usage and phones.
So, he might have earned significantly during his time as an MP. This might have added considerably to the net worth of Sitaram Yechury. He divulged the information about his fortune in his election affidavit.
Furthermore, according to Rajya Sabha’s affidavits, he had declared assets worth $42,119.93 (INR 35,36,622). He had a total assets worth $98505.50 (INR 82,71,066).
Yechury, who had a post-graduation degree, had $524.87 (INR 44,071) and $660.65 (INR 55,472) deposited in Andhra Bank and SBI, respectively.
His spouse, at the same time, had $2779.26 (INR 23,33,62) in FD and mutual funds. Her account showed $4081.95 (INR 3,42,743) deposited in it.
Moreover, two cars, the Maruti Zen 2000 Model and the Maruti Zen Estillo, were in his wife’s name. She also had jewelry worth $5954.83 (INR 5,00,000).
While there was no property in his name, property worth $23521.56 (INR 19,75,000) in his affidavit was shown in his wife’s name.
Nevertheless, he enjoyed a comfortable life thanks to the significant net worth that Sitaram Yechury had amassed in his name.
Additional Information
- Sitaram Yechury was born on August 12, 1952, in Madras. His dad, Sarveswara Somayajula Yechury wasas an engineer and his mother Kalpakam Yechury was a government officer.
- He was married to Seema Chisti, who is a journalist by profession and works as the editor of The Wire. He shared a son, Ashish Yechury, and a daughter, Akhila Yechury, with his first wife, Indrani Mazumdar. Unfortunately, his son, passed away on April 22, 2021, due to COVID-19.
