Mohan Yadav Net Worth: Salary, House, Assets, Source of Income

Mohan Yadav Net Worth:- Mohan Yadav is a prominent politician and minister in the state of Madhya Pradesh, India. He is currently serving as the Minister of Higher Education, Skill Development and Employment in the Shivraj Singh Chouhan cabinet. He is also the MLA from Ujjain South constituency, and a senior leader of the Bharatiya Janata Party (BJP).

But how much is Mohan Yadav worth? What are his sources of income, assets, and expenses? How does he spend his money and live his life? In this article, we will explore Mohan Yadav’s net worth, salary, house, assets, source of income, and lifestyle, based on various sources and reports. We will also compare his wealth with some of his peers and rivals in the political arena, and see how he ranks among them.

Mohan Yadav’s Net Worth

According to a report by ABP Live, Mohan Yadav’s net worth as of 2023 was around Rs. 42 crore. This was based on his affidavit submitted to the Election Commission of India, where he declared his income, assets, and liabilities.

His net worth included his movable assets, such as cash, bank deposits, investments, vehicles, jewelry, and other valuables, worth Rs. 12.5 crore (approximately $1.7 million), and his immovable assets, such as land, buildings, and agricultural properties, worth Rs. 19.5 crore (approximately $2.6 million).

His net worth also included his liabilities, such as loans and dues, worth Rs. 3.5 crore (approximately $0.5 million), which he had to repay to various banks and financial institutions.

His net worth has likely increased since 2018, as he has earned more income from his political career, business ventures, and other sources. However, there is no official or reliable source to confirm his current net worth as of 2023.

Background and Profile

Mohan Yadav was born on March 25, 1965, in Ujjain, to Poonam Chand Yadav and Lilabai Yadav. His father was a tea-seller, and his mother was a homemaker. He belongs to the Yadav community, which is classified as an Other Backward Class (OBC) in India.

He completed his education from Vikram University in Ujjain, where he obtained Bachelor of Science (B.Sc), LLB, Master of Arts (MA), Master of Business Administration (MBA), and Doctorate of Philosophy (PhD) degrees. He is also an advocate by profession.

He is married to Seema Yadav, who is also a homemaker. They have two sons, Ankit Yadav and Akshat Yadav, who are both studying in reputed institutions. He also has a daughter, Shriya Yadav, who is married to Prateek Jain, who is a businessman.

He started his political career as a member of the Akhil Bharatiya Vidyarthi Parishad (ABVP), the student wing of the Rashtriya Swayamsevak Sangh (RSS), the ideological mentor of the BJP. He entered electoral politics in 2013, when he contested and won from the Ujjain South constituency. He retained his seat in the 2018 Madhya Pradesh Legislative Assembly election, and became the Minister of Higher Education, Skill Development and Employment in the Shivraj Singh Chouhan cabinet in 2020.

The Politician’s Salary

Mohan Yadav’s main source of income is his salary as a minister and MLA in the Madhya Pradesh government. According to a report by The Times of India, the monthly salary of a minister in Madhya Pradesh is Rs. 1.43 lakh (approximately $1,900), which includes Rs. 1 lakh as basic pay, Rs. 25,000 as constituency allowance, Rs. 10,000 as telephone allowance, and Rs. 8,000 as dearness allowance.

The monthly salary of an MLA in Madhya Pradesh is Rs. 1.1 lakh (approximately $1,500), which includes Rs. 70,000 as basic pay, Rs. 20,000 as constituency allowance, Rs. 10,000 as telephone allowance, and Rs. 8,000 as dearness allowance.

Therefore, Mohan Yadav’s annual salary as a minister and MLA is Rs. 18.36 lakh (approximately $24,800), which is subject to taxes and deductions.

His House & Property

Mohan Yadav owns several properties in Madhya Pradesh, including his residence in Ujjain, where he lives with his family. According to his affidavit, he owns a residential building in Ujjain, worth Rs. 1.5 crore (approximately $0.2 million), which he purchased in 2010.

He also owns another residential building in Ujjain, worth Rs. 1.2 crore (approximately $0.16 million), which he purchased in 2013. He also owns a residential flat in Indore, worth Rs. 50 lakh (approximately $0.07 million), which he purchased in 2016.

Additionally, he owns several plots of land in Ujjain, Indore, and Dewas, worth Rs. 15.3 crore (approximately $2.1 million) in total, which he acquired between 2004 and 2017.

Yadav’s Assets

Mohan Yadav has a variety of assets, ranging from vehicles to jewelry, that add to his net worth. According to his affidavit, he owns four vehicles, including a Toyota Fortuner, a Mahindra Scorpio, a Maruti Swift, and a Honda Activa, worth Rs. 40 lakh (approximately $0.05 million) in total.

He also owns jewelry, such as gold, silver, and diamonds, worth Rs. 1.2 crore (approximately $0.16 million) in total. He also owns other valuables, such as furniture, electronics, and household items, worth Rs. 10 lakh (approximately $0.01 million) in total.

He also has investments in various schemes, such as mutual funds, bonds, shares, and insurance policies, worth Rs. 9.8 crore (approximately $1.3 million) in total. He also has cash in hand, worth Rs. 5 lakh (approximately $0.007 million), and bank deposits, worth Rs. 1.3 crore (approximately $0.18 million) in total.

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Source of Income

Apart from his salary as a minister and MLA, Mohan Yadav has other sources of income, such as income from business, agriculture, and other sources. According to his affidavit, he earned Rs. 1.2 crore (approximately $0.16 million) as income from business in the financial year 2017-18. He is the owner and director of several companies, such as Shree Mohan Agro Industries Pvt. Ltd., Shree Mohan Agro Tech Pvt. Ltd., and Shree Mohan Agro Foods Pvt. Ltd., which are engaged in the production and trade of agricultural products, such as wheat, soybean, and pulses.

He also earned Rs. 15 lakh (approximately $0.02 million) as income from agriculture in the financial year 2017-18. He owns several agricultural lands in Ujjain, Indore, and Dewas, where he cultivates various crops, such as wheat, soybean, and pulses.

He also earned Rs. 10 lakh (approximately $0.01 million) as income from other sources in the financial year 2017-18. These include income from rent, interest, dividends, and gifts.

Lifestyle & Personal Life

Mohan Yadav lives a comfortable and luxurious lifestyle, thanks to his wealth and status. He enjoys traveling, reading, and watching movies in his spare time. He is also a devout Hindu, who follows the teachings of Lord Shiva and visits various temples and pilgrimage sites.

He is also a philanthropist, who supports various social causes and charitable organizations. He is especially involved in the fields of education, health, and women empowerment. He has donated money and resources to various schools, colleges, hospitals, and NGOs, and has also sponsored scholarships, medical camps, and skill development programs for the needy and underprivileged sections of the society.

He is also a family man, who loves and respects his wife and children. He is married to Smt. Shobha Yadav, who is a homemaker. They have two sons, Shri Ankit Yadav and Shri Akshat Yadav, who are both studying in reputed institutions. He also has a daughter, Shriya Yadav, who is married to Shri Prateek Jain, who is a businessman.

Mohan’s Comparison with Other Politicians

Mohan Yadav is one of the richest and most influential politicians in Madhya Pradesh, and also in India. He ranks among the top 10% of the MLAs in terms of net worth, according to a report by Association for Democratic Reforms (ADR). He also ranks among the top 20% of the ministers in terms of net worth, according to another report by ADR.

However, he is not the richest or the most influential politician in Madhya Pradesh, or in India. Other politicians have higher net worths, more assets, and more power than him. For instance, according to the reports by ADR , some of the politicians who have higher net worths than Mohan Yadav are:

  • Shivraj Singh Chouhan, the Chief Minister of Madhya Pradesh, who has a net worth of Rs. 34.5 crore (approximately $4.7 million).
  • Kamal Nath, the former Chief Minister of Madhya Pradesh, who has a net worth of Rs. 206.8 crore (approximately $28 million).
  • Jyotiraditya Scindia, the Union Minister of Civil Aviation, who has a net worth of Rs. 379.1 crore (approximately $51.4 million).
  • Sachin Pilot, the former Deputy Chief Minister of Rajasthan, who has a net worth of Rs. 16.7 crore (approximately $2.3 million).
  • Rahul Gandhi, the former President of the Indian National Congress, who has a net worth of Rs. 15.9 crore (approximately $2.2 million).

Mohan Yadav Sworn In As The New Chief Minister of Madhya Pradesh

Mohan Yadav, the Minister of Higher Education, Skill Development and Employment, and the MLA from Ujjain South constituency, was sworn in as the new Chief Minister of Madhya Pradesh on Monday, December 13, 2023, at the Lal Parade Ground in Bhopal. He succeeded Shivraj Singh Chouhan, who resigned on Saturday, after serving as the Chief Minister for 20 years.

Yadav, who is the 19th Chief Minister of Madhya Pradesh, took the oath of office and secrecy in Hindi, in the presence of Governor Mangubhai C. Patel, outgoing Chief Minister Chouhan, Union Home Minister Amit Shah, BJP National President J.P. Nadda, and other dignitaries and leaders from the BJP and its allies.

Along with Yadav, two deputy Chief Ministers, Rajendra Shukla and Jagdish Devda, were also sworn in. Shukla is the MLA from Rewa, and Devda is the MLA from Malhargarh. Both are senior leaders of the BJP, and have served as ministers in the previous Chouhan cabinets.

The oath-taking ceremony was attended by thousands of people, including BJP workers, supporters, and well-wishers, who cheered and applauded for the new Chief Minister and his deputies. The ceremony was also broadcast live on various media channels and platforms, for the benefit of the people who could not attend the event.

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