Ghatkopar MLA Parag Shah Becomes Maharashtra Richest Contestant Assets Rise 575%,

So far, around 8,000 candidates have submitted nominations for the upcoming assembly polls in Maharashtra, though among them, the richest one is BJP MLA sitting for Ghatkopar East, Parag Shah, whose latest affidavit before elections puts his net value currently at a mindboggling ₹3,383.06 crore from an earlier ₹550.62 crore in the election filed in 2019 with a rise of whopping 575%.

Parag Shah: Maharashtra’s Richest Candidate with 575% Asset Surge

In an exclusive interview with NDTV, Mr. Shah said, "I am an honest candidate. Even my enemies have never claimed I am dishonest." And when asked about his net worth, he said: "A man's wealth is not his property but his feelings. Many have wealth, but I have the urge to make good use of it." He acknowledged that he owed his successes to the blessings of both God and his country but wanted to return the kindness. "I'm a leader, a businessman, and a social worker. I donate more than 50% of my savings for social service, too," he added.

He is the head of MICI Group-a company for which he has been handling matters for 25 years-and is one of those corporate leaders with philanthropic efforts, so that aside from his role in the corporate world, he was always on social causes as well. And now he recently created a stir for health reasons, although minor and for which he himself used the humor line, In politics, if you cough, the other person starts thinking you have tuberculosis.

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At 55, he still is a big name in the politics of Maharashtra. MLA, businessman, and philanthropist - he played each of the roles with best effort. Huge asset growth preceding the elections turns the spotlight on him ahead of the elections. It raises interest in not just his political journey but approaches to wealth and social responsibility too.