Previously Nakul Nath, son of former Madhya Pradesh chief Minister Kamal Nath, was considered the richest candidate in the 2024 elections with declared assets of over Rs 716 crore
The number of high-net-worth individuals (HNWIs) in India grew by 4% to 3,19,900 last year, as their wealth increased by 2.9 per cent to hit $1,286.7 billion, a report showed on Thursday
India had passed the Wealth Tax Act, 1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016