In Punjab, 41 percent (521) of the candidates contesting the 2022 assembly election are crorepatis, according to a report from the Association for Democratic Reforms (ADR). The association and Punjab Election Watch have analysed the affidavits of 1,276 candidates.
As many as 226 assembly election candidates (18 percent) have assets worth Rs 5 crore and above, according to the report. The assets of 176 candidates (14 percent) are valued between Rs 2 crore and Rs 5 crore. The wealth of 244 candidates (19 percent) is between Rs 50 lakh and Rs 2 crore.
The average assets per candidate in the 2022 Punjab Assembly elections is Rs 4.31 crore, according to the ADR report. In the previous assembly elections in 2017, this figure was Rs 3.49 crore.
The richest candidate in the Punjab polls is Aam Aadmi Party’s Kulwant Singh. The realtor from Sahibzada Ajit Singh Nagar has declared assets worth over Rs 230 crore, according to the ADR report.