Parkash Singh Badal Net Worth 2024: How Wealthy is SAD Former President?

5/5 - (6 votes)

Parkash Singh Badal Net Worth 2024: Parkash Singh Badal was a veteran Indian politician who served as the Chief Minister of Punjab for five terms. He was also the Former President of the Shiromani Akali Dal (SAD), one of the major political parties in Punjab.

Parkash Singh Badal net worth in 2023 is estimated to be around Rs. 15.11 crore. This includes his assets in land, property, vehicles, and investments. Badal’s family also owns a number of businesses, including hotels, educational institutions, and agricultural farms.

Badal’s wealth has been a source of controversy. Some people have accused him of amassing his wealth through corruption, while others have defended him, saying that he has earned his wealth through hard work and business acumen.

Regardless of how he acquired his wealth, there is no doubt that Parkash Singh Badal was a powerful and influential figure in Indian politics. His net worth is a reflection of his success in business and politics.

What You'll Learn show

Who is Parkash Singh Badal?

Parkash Singh Badal was an Indian politician who served as the President of the Shiromani Akali Dal (SAD), a Sikh-focused regional political party in Punjab state.

He was born into a family of landowning farmers in what is now western Punjab state and earned a B.A. degree from Forman Christian College in Lahore. Badal served as the President of the SAD from 1995 to 2008, and was succeeded by his son Sukhbir Singh Badal.

Information	Details
Full Name	Parkash Singh Badal
Date of Birth	08 Dec 1927
Date of Death	25 Apr 2023
Age	95
Place of Birth	Abul Khurana, Malout
Party Name	Shiromani Akali Dal
Education	Graduate
Profession	Politician/Agricultural
Father’s Name	S. Raghuraj Singh
Mother’s Name	Sundri Kaur
Spouse’s Name	Surinder Kaur
Children	1 Son, 1 Daughter
Religion	Sikh
Address	Vill & Post Badal, Tehsil Malout, District Sri Muktsar Sahib, Punjab

Parkash Singh Badal Education

Parkash Singh Badal was a graduate. He received his Bachelor of Arts degree from Forman Christian College in Lahore, Pakistan.

Forman Christian College is a private, non-sectarian, coeducational liberal arts college located in Lahore, Pakistan. It was founded in 1874 by American missionaries. The college is affiliated with the University of the Punjab.

Parkash Singh Badal was a bright student and excelled in his studies. He was also active in student politics. After graduating from college, he worked as a farmer and businessman. He later entered politics and served as the Chief Minister of Punjab for five terms.

Also Read: Motilal Oswal Net Worth 2024: The Wealthy Journey of Motilal Oswal Founder

Parkash Singh Badal Personal Life

Parkash Singh Badal was born on December 8, 1927, in Abul Khurana, near Malout, Punjab, British India. He belonged to a Jat Sikh family.

Badal married Surinder Kaur in 1959. The couple had two children, Sukhbir Singh Badal and Parneet Kaur. Surinder Kaur died in 2011 after a long illness due to cancer.

Badal was a devout Sikh and a family man. He was known for his simple lifestyle and his commitment to public service. He was a popular figure in Punjab and was respected by people of all faiths.

Parkash Singh Badal Family, Wife and Child

His father, Raghuraj Singh, was a farmer and a businessman. His mother, Sundri Kaur, was a homemaker.

Badal married Surinder Kaur in 1959. The couple had two children, Sukhbir Singh Badal and Parneet Kaur. Surinder Kaur died in 2011 after a long illness due to cancer.

Sukhbir Singh Badal is the current President of the Shiromani Akali Dal (Badal) and the Leader of the Opposition in the Punjab Legislative Assembly. He is also the former Chief Minister of Punjab.

Parneet Kaur is married to Adesh Pratap Singh Kairon, the son of former Chief Minister of Punjab Parkash Singh Kairon. She is a member of the Punjab Legislative Assembly.

Parkash Singh Badal’s family is one of the most prominent families in Punjab politics. They have been involved in politics for over 70 years.

Parkash Singh Badal Political Career

Parkash Singh Badal began his political journey in 1947. He served as the Sarpanch of Village Badal and later became the Chairman of Block Samiti, Lambi, before entering Punjab politics.

He was elected to the Punjab Vidhan Sabha in 1957 from the Shiromani Akali Dal party. Badal was re-elected in 1969 and became a Minister responsible for various areas like Community Development, Panchayati Raj, Animal Husbandry, Dairying, and Fisheries.

He also held the position of Leader of the Opposition in 1972, 1980, and 2002. Except for the 1992 election, he won every Vidhan Sabha election since 1969.

He was also a Union Minister for Agriculture and Irrigation in Prime Minister Morarji Desai’s government in 1977.

Also Read: Ratan Tata Net Worth 2024: A Success Story of an Indian Kind Businessman

As a CM (Chief Minister) Of Punjab:

First Term (1970): Badal became the youngest Chief Minister of an Indian state in March 1970. He led a coalition government of Akali Dal – Sant Fateh Singh and Jana Sangh. However, due to differences over the status of Hindi in Punjab, the Jana Sangh withdrew its support.
Second Term (1977-1980): Badal served as Chief Minister with the support of the Janata Party from June 1977 to February 1980.
Third Term (1997-2002): Badal’s third term as Chief Minister was from February 1997 to February 2002.
Fourth Term (2007-2012): After the 2007 Punjab state election, Badal was sworn in as Chief Minister for the fourth time. His coalition government with Bharatiya Janata Party won 67 out of 117 seats.
Fifth Term (2012-2017): Despite a tradition of anti-incumbency, Badal became Chief Minister again after the 2012 election. His government won 68 seats out of 117. He served in various ministerial roles during this term.

Views on FDI

Badal opposed Foreign Direct Investment (FDI) and aligned with his political ally, the BJP, on this issue.

Parkash Singh Badal Awards and Achievements

Parkash Singh Badal was awarded several awards and honors during his lifetime, including:

Padma Vibhushan (2007): The third-highest civilian award in India.
Shiromani Sikh Award (1999): The highest award given by the Shiromani Gurdwara Parbandhak Committee.
Ranjit Singh Award (2003): The highest award given by the Punjab government.
Lifetime Achievement Award by the Indian Express Group (2015): For his contribution to Indian politics and society.
Lifetime Achievement Award by the World Punjabi Organisation (2016): For his contribution to the promotion of Punjabi language and culture.

He was also awarded honorary doctorates by several universities, including the Guru Nanak Dev University and the Punjabi University.

In 2020, he returned the Padma Vibhushan award in protest against the Indian government’s handling of the farmers’ protest.

Also Read: Harsh Mariwala Net Worth 2024: A Success Story of Marico Chairman

Parkash Singh Badal Net Worth 2024

Parkash Singh Badal’s net worth was estimated to be around Rs. 15.11 crore in 2023. This includes his assets in land, property, vehicles, and investments.

Badal’s family also owns a number of businesses, including hotels, educational institutions, and agricultural farms.

Parkash Singh Badal Controversies

Parkash Singh Badal was a controversial figure, and he was involved in several controversies during his political career.

Some of the most notable controversies include:

Allegations of corruption: Badal was accused of corruption on several occasions, including allegations of nepotism and misuse of power. In 2003, he was charged with corruption in connection with the purchase of a bus factory in Bathinda. He was acquitted of the charges in 2007.
Land grabbing: Badal was also accused of land grabbing, specifically of taking over land owned by Dalits (members of a historically marginalized community). In 2007, he was accused of illegally acquiring land in Amritsar. He denied the allegations.
Role in the 1984 anti-Sikh riots: Badal was accused of playing a role in the 1984 anti-Sikh riots, which followed the assassination of Indira Gandhi. He was never charged with any crimes related to the riots, but he was criticized for his handling of the situation.
Opposition to FDI in Punjab: Badal opposed the introduction of foreign direct investment (FDI) in Punjab, arguing that it would harm the state’s economy. He was criticized by some for his opposition to FDI, which they argued would have helped to boost the state’s economy.

Despite these controversies, Parkash Singh Badal was a popular figure in Punjab. He was seen by many as a strong leader who was committed to the development of the state.

He will be remembered as one of the most important figures in Punjab politics.

Parkash Singh Badal Death

He died on April 25, 2023, at the age of 95. He was admitted to a hospital in Mohali, Punjab, on April 23, 2023, and died of multiple organ failure.

What is the business of Badal family?

The Badal family is involved in a number of businesses, including:

Transport: The Badals own a fleet of buses that operate in Punjab.
Real estate: The Badals own a large amount of land in Punjab, which they have developed into residential and commercial properties.
Media: The Badals own a number of media outlets, including the PTC television network.
Power: The Badals own a thermal power plant in Talwandi Sabo.
Agriculture: The Badals own a number of agricultural farms in Punjab.

Also Read: Anil Agarwal Net Worth in rupees 2024: Founder and Chairman Of Vedanta Group

FAQs

Who is Parkash Singh Badal daughter?

Parkash Singh Badal’s daughter is Parneet Kaur. She is married to Adesh Pratap Singh Kairon, the son of former Chief Minister of Punjab Parkash Singh Kairon. She is a member of the Punjab Legislative Assembly.

How old is Surinder Kaur Badal?

Surinder Kaur Badal died in 2011 at the age of 73.

Where was Parkash Singh Badal born?

Parkash Singh Badal was born in Abul Khurana, near Malout, Punjab, British India, on December 8, 1927.

Recommended Articles: