Prime Minister Narendra Modi’s wealth grew by a little over Rs 32 lakh in 2015-16, driven by bank investments and royalty earned from book sales. His latest statement, dated March 31, 2016, shows a 22.8% jump in his wealth over the previous financial year. He steered clear of the share market, and has Larsen and Toubro’s infrastructure bonds worth Rs 20,000, which also helped him save tax. Modi has authored 15 books in Gujarati and English on a wide range of subjects — from yoga to philosophy to education. But this was the first time since he became PM that he earned royalty on those books.

Source: Hindustan Times August 23, 2016 16:07 UTC