Introduction to Praful Patel Net Worth
Praful Patel is a name that commands attention in Indian politics, business, and sports administration. Known for his long-standing affiliation with the Nationalist Congress Party (NCP), Patel has been a prominent figure in both the private and public sectors. His career spans across decades and industries, making him a multifaceted personality in Indian society.
But beyond his political clout and business endeavors lies a key point of public curiosity: Praful Patel’s net worth. With assets reportedly worth hundreds of crores, Patel is among the wealthiest politicians in India. This article offers a comprehensive and SEO-friendly analysis of Praful Patel’s net worth, his business ventures, political influence, lifestyle, and more. This in-depth article is designed to serve as a one-stop source for anyone searching for details on “Praful Patel net worth.”
📘 Praful Patel – Wiki Bio Table
| Field | Details |
|---|---|
| Full Name | Praful Manoharbhai Patel |
| Date of Birth | February 17, 1957 |
| Age | 68 years (as of 2025) |
| Place of Birth | Mumbai, Maharashtra, India |
| Nationality | Indian |
| Education | Bachelor of Commerce, University of Mumbai |
| Occupation | Politician, Businessman |
| Political Party | Nationalist Congress Party (NCP) |
| Current Position | Member of Parliament, Rajya Sabha |
| Previous Roles | Civil Aviation Minister (2004–2011) |
| Business Affiliation | Ceejay Group (Tobacco, Realty, Healthcare) |
| Net Worth (2025) | ₹483 crore (approx. $58 million) |
| Known For | Aviation reforms, AIFF President, NCP Leader |
| Spouse | Varsha Patel |
| Children | Three |
| Residence | Mumbai, Maharashtra |
| Religious Beliefs | Hindu |
| Hobbies | Football, Cars, Philanthropy |
| Notable Roles in Sports | Former AIFF President, AFC VP |
Table of Contents
Who is Praful Patel?
Early Life and Background
Praful Patel was born on February 17, 1957, in Mumbai, Maharashtra, into a business-oriented Gujarati family. His father, Manoharbhai Patel, was a noted politician and entrepreneur who played a key role in building the family’s fortune through the Ceejay Group, which is engaged in the tobacco and real estate sectors. After earning a commerce degree from the University of Bombay (now the University of Mumbai), Patel followed in his father’s footsteps into both politics and business.
Political Journey
Patel’s political career officially began in the late 1990s when he was elected as a Member of Parliament. Over the years, he has held several significant portfolios, most notably as the Minister of Civil Aviation in the United Progressive Alliance (UPA) government from 2004 to 2011. During his tenure, he was instrumental in transforming the Indian aviation industry, though his decisions also attracted criticism, especially concerning the financial health of Air India. Currently, he serves as a Rajya Sabha MP and is an influential figure within the NCP.
Role in Sports Administration
Apart from politics and business, Patel has also made a significant mark in sports administration. He served as the President of the All India Football Federation (AIFF) from 2009 to 2022 and held key positions in the Asian Football Confederation (AFC) and FIFA. His tenure in football administration saw India hosting major events like the FIFA U-17 World Cup, boosting the profile of Indian football on the global stage.
Praful Patel Net Worth Overview
Declared Assets and Income
As per recent affidavits submitted for Rajya Sabha elections, Praful Patel declared total assets worth approximately INR 483 crore (about USD 58 million). These assets include a mix of movable and immovable properties, as well as holdings in Hindu Undivided Family (HUF) structures. In 2022, his assets were declared to be around INR 416 crore, indicating a significant increase in just a few years. Movable assets accounted for INR 128 crore, while immovable properties were valued at around INR 287 crore.
Liabilities
Despite the massive fortune, Patel also has declared liabilities of about INR 14.23 crore, including personal loans of INR 4.01 crore. These liabilities are mostly attributed to business investments and operational costs associated with his companies.
Business Ventures: The Ceejay Group
The majority of Patel’s wealth originates from his business interests, particularly the Ceejay Group, a diversified conglomerate involved in the tobacco, real estate, and healthcare sectors. The group has a strong presence in Gujarat and Maharashtra and continues to expand into new sectors. Praful Patel holds significant stakes in the company, contributing substantially to his net worth.
Stock Market Investments
According to public records available in Q1 2025, Patel holds shares in at least four listed companies, with an estimated market value of INR 12.2 crore. These investments indicate a keen interest in portfolio diversification and a strategic approach to wealth management.
Real Estate Holdings
Properties in India
Patel owns multiple high-end properties in India, including luxury apartments and commercial spaces in Mumbai and Gujarat. These properties are some of the most expensive in their respective localities, further contributing to his overall net worth.
International Assets
While there are no publicly confirmed details about overseas properties, there have been reports suggesting that Patel has investments abroad, particularly in Dubai and London. However, these remain unverified by official documents.
Lifestyle and Personal Life
Family
Praful Patel is married to Varsha Patel, and the couple has three children. The family maintains a low public profile but is known to attend high-society events. His children are gradually becoming involved in the family business and political affairs, suggesting a legacy that may continue well into the future.
Cars and Luxury Items
Known for his refined taste, Patel reportedly owns a fleet of luxury cars, including brands like Mercedes-Benz, BMW, and Audi. He is also said to have an interest in luxury watches and high-end fashion, aligning with his sophisticated public image.
Philanthropy
Though not widely publicized, Praful Patel is involved in various philanthropic initiatives, particularly in the fields of education and healthcare. The Manoharbhai Patel Institute of Engineering & Technology in Gondia, Maharashtra, is named in honor of his father and supports local students in pursuing higher education.
Controversies and Criticisms
Allegations During Air India Tenure
Patel’s tenure as Civil Aviation Minister has not been without controversy. He faced criticism over the alleged mismanagement of Air India, which many believe contributed to the airline’s financial downfall. While no formal charges were brought against him, media scrutiny was intense.
ED and Financial Investigations
In recent years, Patel has come under the scanner of the Enforcement Directorate (ED) for alleged links to money laundering cases. While investigations are ongoing, Patel has denied any wrongdoing. These issues have brought renewed public interest in his financial dealings and net worth.
Rise in Political Influence
Despite facing controversies, Patel has managed to maintain and even grow his political stature. His proximity to key political figures in Maharashtra and New Delhi keeps him in a position of influence. His role in backroom negotiations and party strategies has earned him a reputation as a political tactician.
Conclusion
Praful Patel’s net worth is a reflection of a life spent balancing high-stakes politics, strategic business decisions, and public service. With declared assets exceeding INR 483 crore, he ranks among India’s wealthiest politicians. His wealth comes not just from inheritance but from decades of work in diverse fields including aviation, real estate, tobacco, and sports management. Despite legal and political controversies, Patel remains a formidable force in Indian society. As public interest in financial transparency and political accountability grows, so too will scrutiny around figures like Praful Patel. This comprehensive look into “Praful Patel net worth” offers a balanced and detailed view, helping readers better understand the many layers behind the man, the money, and the mission.
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